PayPal is available in more than 200 markets around the world. As per the company website, the platform, enables consumers and merchants to receive money in more than 100 currencies. It also helps withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.
Digital payments major PayPal is planning to hire about 600 techies in the country by December this year. The company officials stated that they view India as a key growth market and will also hire people in the Artificial Intelligence (AI) and Machine Learning (ML) domains.
GM Technology & Head of Engineering at PayPal, Guru Bhat said that their company plans to increase the headcount by 600 in 2018. He added that some of the job roles that PayPal intends to hire for include application developers- Java, Node JS; back-end developers- data engineers, data experts and product managers. There are two tech centres in Chennai and Bengaluru for the platform. The company’s current headcount has doubled since the year 2016 when it was 1,700. Guru Bhatt added that for PayPal, the India centres are key and strategic. He called this a great opportunity for the company in terms of not just business but also to leverage the great talent that exists. The company will reportedly hire fresh employees and others who will be contributing in the areas of AI and ML on the side.
As the government is pushing digitization, Guru Bhat noted that currently the digital payments space in India is extremely exciting. It seems to him that PayPal is in a good position for value addition to the customer. Bhat added that as a company they are growing very rapidly over 20% year-on-year in revenue. The company’s tech centres have been in function for 12 years in India. In an effort to upskill employees and give rise to innovation within the company, PayPal launched innovation labs last year (2017). The facilities are within the tech centres.