Strengthening its investment in India’s technology ecosystem, Nasdaq-listed fintech company Payoneer Global has launched a new Global Capability Centre (GCC) in Gurugram and plans to hire around 300 engineers by the end of 2026. The move reflects the growing trend of global companies choosing India to build technology talent and expand AI capabilities.
The new facility in Gurugram, near Delhi, will become Payoneer’s 2nd-largest technology and research and development centre globally. The company plans to recruit AI engineers and platform engineers to support its global operations.
Payoneer operates a cross-border payments platform that enables businesses to send and receive payments across countries. According to Gaurav Gupta, India Site Leader, the company selected India because of its strong talent pool in large-scale financial technology and deep-tech expertise.
He said, “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.”
The company also has an office in Bengaluru that manages sales operations for the domestic market and employs around 400 people.
Global financial technology companies such as Mastercard, PayPal, and Revolut are increasingly relying on their India centres for product development, payment processing, and expanding AI capabilities. Industry consultant ANSR has estimated that revenue from India’s Global Capability Centres will grow by 12% to reach $84 billion in 2026.
Last month, Canadian fintech company Nuvei announced plans to acquire Payoneer for approximately $2.75 billion, subject to regulatory approvals. Gupta clarified that the proposed acquisition will not affect Payoneer’s India GCC or its local business operations.
The expansion further highlights India’s growing role as a global hub for fintech innovation, AI development, and engineering talent.
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