Eyeing a major global expansion into the Indian digital payment space, American online payments major PayPal Holdings while spelling out its Indian ambitions announced to hire 1,000 engineers for its India Development Centers across Bangalore, Chennai and Hyderabad over the course of the year.

The American digital payments major operates an online payments system in the majority of countries that support online money transfers and serves as an electronic alternative to traditional paper methods.

According to the digital payments major, the company will hire technology talent across software, product development, data science, risk analytics and business analytics streams at entry, mid-level and senior roles. PayPal India has also announced its plans for campus hires from top engineering colleges across India.

“Our India Technology Centers are the largest for PayPal outside of the U.S. and play a pivotal role in enabling us to constantly innovate and remain ahead of the curve. As digital payments move from a nice to have to an essential service, we are focused on investing in and nurturing world-class technology talent to continue to offer products and services that meet the needs of our growing base of consumers and merchants,” Guru Bhat, VP Omni Channel & Customer Success, GM – PayPal India said.

At present, the company's India Technology Centers employs over 4,500 people across the three centres that play a critical role in enabling a safe and seamless payments experience for the company. With the pandemic accelerating the switch to digital payments, the company said that its products and services were even more relevant now, hence the focus and investments in technology innovation across areas like artificial intelligence, machine learning, data science, risk and security and customer experience.