Fintech company Payoneer Global, which trades on the Nasdaq, is set to hire approximately 300 engineers by the close of 2026 as part of its launch of a new global capability centre in India. The move puts Payoneer alongside a growing number of international firms turning to the world’s most populous country to meet their workforce demands.
Major financial technology players such as Mastercard, PayPal, and Revolut have already established India-based centers to drive product development, handle payment processing, and expand their artificial intelligence capabilities. According to industry consultant ANSR, revenue generated by global capability centres in India is projected to grow 12% to $84 billion by 2026.
Payoneer, which operates as a cross-border platform for sending and receiving payments, intends to recruit AI and platform engineers for its new facility in Gurugram, located near Delhi. The site is expected to become the company’s second-largest technology and research and development center in the world, according to Gaurav Gupta, the company’s India site leader, who spoke publicly on Friday.
Gupta explained the reasoning behind the company’s decision to set up operations in India: “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.”
Payoneer already maintains an office in Bengaluru focused on sales operations for the local Indian market, employing around 400 people.
Last month, Canadian fintech company Nuvei announced it intends to purchase Payoneer in a deal valued at roughly $2.75 billion, pending regulatory approval. Gupta indicated that the proposed buyout would have no effect on the India global capability centre or its day-to-day business activities in the region.
