PayPal, an online payments firm, has launched two innovation labs at Chennai and Bengaluru, the first by PayPal in India and third after the US and Singapore.The labs will serve as a platform to promote innovation, the company said in a statement.

These innovation labs will actively support innovation across diverse fields including machine learning, artificial intelligence, data science, IoT, penetration testing, software defined radios and wireless communication, VR/AR, computer vision and basic robotics.

“India is a hotbed for innovation given its evolving startup ecosystem, diverse merchant profiles and enormous talent pool. To cater to their needs effectively, 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,” said Mike Todasco, Director of Innovation, PayPal.

The facility will also house a diverse range of hardware and gadgets for PayPal employees to experience and tinker with. The equipment includes Raspberry Pi with full sensor kit, AlphaBot kit, IoT kit, Amazon Echo, AIY kit, leap motion, 3D printer as well as Proxmark 3 Kit, HackRF One and Ubertooth One for computer security enthusiasts.

With a focus on three core areas – productivity, innovation, and education - these facilities will serve as spaces to build and refine new and advanced technologies and will create a forum for employees to engage and ideate across a spectrum of themes.

rajesh.kurup@thehindu.co.in

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