PayPal India Wins Top Industry Awards for Technology Leadership

BANGALORE, India, July 17, 2014 /PRNewswire/ --

PayPal India, an eBay Inc. company (Nasscom: EBAY), was honoured with top accolades at the 2014 Zinnov Awards in Bangalore today, establishing itself as a leading technology company in India. Zinnov, a reputed globalization and market expansion advisory firm, recognized PayPal India for excellence in four technology categories - 'High Impact Global Roles,''Potential to Solve Large Scale Problems,''Ecosystem Enablement - Startups,' and 'Thought Leadership.' The jury focused on key attributes such as sustainability, drivers, best-in-class practices and impact. PayPal India stood out in the face of competition from over 250 other nominations from 70 organizations to receive one of the highest number of awards won by any company at the event, setting a new benchmark for industry recognition.

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"This is a recognition of our relentless efforts towards becoming one of India's top technology companies. We are at the forefront of building innovative and impactful solutions for our global customers and the larger ecosystem," said Anupam Pahuja, General Manager, PayPal India Development Centers. "We are honoured to be recognized in multiple categories by Zinnov, one of the most prestigious awards programmes in the industry. It is a moment of great pride for PayPal in India, and we will continue to focus on enabling connected commerce for a better world through innovation, execution, and technology leadership."

PayPal India emerged as the winner in the 'High Impact Global Roles' and 'Potential to Solve Large Scale Problems' categories. Recognizing PayPal for creating a global platform for its employees, the award for 'High Impact Global Roles' acknowledged the company for having global leaders from India responsible for delivering the overall PayPal product experience to customers and merchants alike. The award for the 'Potential to Solve Large Scale Problems' category recognized PayPal for enabling the development of tangible strategies and state-of-the-art products that can solve customer problems around the world.

PayPal was also awarded for its support for the entrepreneurial community through 'Start Tank,' which earned the company the accolade for the 'Ecosystem Enablement - Startups' category. PayPal Start Tank provides early-stage start-ups with a world-class incubation space and access to global mentors, angel investors, and venture capitalists. The Start Tank runs globally across PayPal offices in Boston, London, and Chennai. PayPal formally launched its Chennai startup incubator in association with The Indus Entrepreneurs (TiE) Chennai in November 2013 and currently hosts four startups.

Pragati Rai, Chief Technology Evangelist at PayPal, received the 'Thought Leadership Contribution' award, which recognized her work across various ecosystem initiatives that ensured the success of global campaigns for technologies such as mobile and cloud for engineers. A member of eBay Women in Technology (eWIT), Pragati has made Open Source contributions to the LiMo Foundation for security policies of open source Linux-based mobile operating system, and authored the best-selling book Android Application Security Essentials.

About PayPal 

At PayPal, we put people at the center of everything we do. Founded in 1998, we continue to be at the forefront of the digital payments revolution, giving people direct control over their money. Through our innovations, we make life better for our over 148 million active accounts in 26 currencies and across 203 markets, processing more than 9 million payments daily. An eBay Inc. (Nasdaq: EBAY) company, PayPal is the faster, safer way to pay and get paid. The service gives people simpler ways to send money without sharing financial information, and with the flexibility to pay using their account balances, bank accounts or credit cards. 

About PayPal India Development Centers 

PayPal's base in India comprises software development centers in Chennai and Bangalore with over 2,000 engineers and knowledge professionals supporting both the eBay Marketplaces and PayPal businesses globally. The India centers are one of PayPal's key software development centers in the world and are involved in the company's technology and product development initiatives to improve its global payment platform. The India centers consist of development and quality engineers, solution managers, user-experience professionals, web developers, and project managers as well as site operations, data management, and risk analytics staff.

For further information:
Media Relations:
Swetha Balakrishnan
Edelman, Chennai
+91-8939958127
[email protected]

PayPal Public Relations:
Subhamoy Das
PayPal India
+91-7799000792
[email protected]

SOURCE PayPal