PayPal will hire 1,000 engineers for its development centres across Bangalore, Chennai and Hyderabad over the course of the coming year, the company said in a statement on Wednesday. As digital payments adoption has grown in the past year, in the wake of the pandemic, PayPal said that it needs to focus on building and scaling its artificial-intelligence, machine learning, data science, risk, security, and customer experience practices going forward. While the global digital payments giant has witnessed significant growth in its user-base and merchant-base in the past year, posting a net profit of $4.2 billion in fiscal year 2020 (calendar) up by 71% year-on-year, it is shuttering its payments gateway business in India by the end of March. Going forward, PayPal will continue to operate its cross-border trading platform, enabling local businesses to export their products abroad, in addition…
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