PayPal Sets Up Innovation Labs

PayPal said it has opened two innovation labs in India to support projects in the field of machine learning, artificial intelligence and other new technologies.

“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 labs 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,“ Mike Todasco, director-innovation, PayPal, said. The labs will also work on the internet of things.

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