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PayPal Launches Technology Innovation Labs in India

PayPal has launched two of its Technology Innovation Labs in India to support developments specific to new age technology. Located at PayPal’s Chennai and Bengaluru centres, the labs are the first in India, opened after the Palo Alto firm launched its US and Singapore labs.

                           “India is a hotbed for technology innovation given its evolving startup ecosystem, diverse merchant profiles and enormous talent pool”, said Mike Todasco, director of innovation, PayPal. “To cater to their needs in the most effective manner, we are delighted to announce the cater to their needs in the most effective manner, we are delighted to announce the launch of our newest Technology Innovation Labs in India, where the focus will be on fuelling new age technology and giving rise to unconventional ideas with the potential to transform the ecosystem we operate in,” he added.

                             PayPal’s Technology Innovation Labs will support diverse fields including machine learning, artificial intelligence, data science, Internet of Things, penetration testing, software-defined radios and wireless communication, virtual and augmented reality, computer vision and basic robotics. The company will provide equipment like Raspberry Pi boards with sensor kits, AlphaBot kits, Amazon Echo, LeapMotion and 3D printers, among others.

                           “Enabling innovation and creating amazing experiences for out customers is at the heart of PayPal’s goal success, and the Innovation Lab is another step to foster this spirit in our development centres in India,” said Furu Bhat, general manager technology and head of engineering, PayPal.

               In addition to providing relevant hardware to kickstart the innovative developments, PayPal is set to integrate its native incubation centre. Called the PayPal Incubator, the centre was launched back in 2013 with an aim to support India-origin startups.