According to sources, a company statement stated that PayPal on Wednesday announced the launch of its new technology innovation labs in Chennai and Bengaluru. The labs are first for PayPal in India and third after the United States and Singapore, respectively.
PayPal, Director of Innovation, Mike Todasco said "India is a hot bed for innovation, given the evolving startup ecosystem, diverse merchant profiles and enormous talent pool. To cater to their needs in the most effective manner, we are delighted to announce the launch of our newest innovation lab in India".
According to the statement, the company statement added that its labs in India would support diverse fields including machine learning, artificial intelligence, data science, penetration testing, among others. With a focus on productivity, innovation, and education, the facilities would serve as spaces to build and refine new and advanced technologies and would create a forum for employees to engage in it.
