January 12, 2007

PayPal to open first global development center in India

PayPal, the online global payment company, announced it will open a new development center in Chennai, India, and plans to hire hundreds of technical positions in 2007.

"The setting up of PayPal's India Development Center is validation of India's frontrunner status in the global IT scenario" said Shri Dayanidhi Maran, Hon’ble Union Minister for Communications and Information Technology. "The vast knowledge and expertise of Indian technical professionals will help PayPal expand its business, while continuing to provide secure online payment services for millions of Internet customers."

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