PayPal unveils India innovation labs
Written by Anthony Strzalek
PayPal has launched two new innovation labs in India to support projects in the field of machine learning, artificial intelligence, data science, IoT, AR, VR and basic robotics.
The new labs, which are located at the Chennai and Bangalore tech centres, are PayPal’s first in India and its third overall after the US and Singapore.
With a focus on three core areas – productivity, innovation, and education, these facilities aim to serve as spaces to build and refine new and advanced technologies and will look to create a forum for employees to engage and ideate across a spectrum of themes.
Mike Todasco, director of innovation at PayPal, said: “India is a hotbed for innovation given its 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, where the focus will be on fueling new age technology and giving rise to unconventional ideas with the potential to transform the ecosystem we operate in.”