Chennai: Online payments co PayPal on August 2 announced the launch of its first Innovation Labs In India. Located at their Chennai and Bengaluru tech centres, the lab are the first for PayPal in India and third after the USA and Singapore.

These Innovation Labs will support ideas in areas including machine learning, artificial Intelligence, data science, IoT, penetration testing, software defined radios and wireless communication, VR/AR, computer vision and basic robotics.

The facility will also house a range of hardware for employees to tinker including IoT kits and 3D printers.

“India is a hotbed for innovation given its evolving startup ecosystem, diverse merchant profiles and enormous talent pool. To cater to their needs, 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,” says Mike Todasco, Director of innovation, PayPal. These labs will also be integrated with some of PayPal’s on-going initiatives such as the PayPal Incubator, launched in 2013.

Source: Times of India