Global firms including Mastercard, PayPal and Revolut are relying on their India centers for product development, payment processing and expanding AI capabilities. Industry consultant ANSR had estimated revenue from India’s global capability centers would grow 12% to $84 billion in 2026.
Payoneer, which is a cross-border platform to send and receive payments, plans to hire AI and platform engineers, with the new facility at Gurugram near Delhi becoming its second-largest tech and R&D center globally, Gaurav Gupta, India site leader, said on Friday.
“India has an amazing talent pool for people who have experience in building financial technologies at a very large-scale (with) deep-tech expertise. So our key reason to come to India is to tap into the talent density,” Gupta said.
The company has an office in Bengaluru that handles sales functions for the domestic market with around 400 employees.
Last month, Canadian fintech Nuvei announced plans to buy Payoneer for about $2.75 billion, subject to regulatory approvals. Gupta said the proposed acquisition would not impact the India GCC or local business operations.
