American digital payments firm PayPal announced the expansion of its India footprint with the launch of the third global technology center. PayPal India house involves 100 engineers across roles including risk management and operations. Their main is to provide cutting-edge digital payments solutions to customers around the world. The expansion follows the acquisition of fraud prevention platform Simility in 2018.
The new center will focus on leveraging PayPal’s extensive expertise in data science, risk management, and machine learning to identify and protect themselves from fraud. They play a critical role in advancing the digitization goals of the Indian government and the Reserve Bank of India by enabling new-age businesses to adopt digital payments in a safe and secure manner.
It is an American company operating a worldwide online payments system. They support online money transfers. It serves as an electronic alternative to traditional paper methods like checks and money orders.