Many global corporations, including Mastercard, PayPal, and Revolut, are leveraging their Indian centers for product development, payment processing, and enhancing AI capabilities. According to industry consultant ANSR, revenue from India’s global capability centers is projected to increase by 12%, reaching $84 billion by 2026.
As a cross-border payment platform, Payoneer aims to recruit AI and platform engineers, with the new Gurugram facility near Delhi becoming its second-largest technology and R&D center worldwide, stated Gaurav Gupta, the site leader for India, on Friday.
”India offers an incredible talent pool of individuals experienced in developing financial technologies on a large scale, possessing deep-tech expertise. Our primary rationale for entering India is to tap into this rich talent density,” Gupta expressed.
The company maintains an office in Bengaluru, focusing on sales functions for the domestic market, with around 400 employees.
Recently, Canadian fintech Nuvei announced intentions to acquire Payoneer for approximately $2.75 billion, pending regulatory approvals. Gupta mentioned that the proposed acquisition would not affect the India GCC or its local business operations.
