Payoneer has opened a Gurugram innovation hub in India focused on AI, engineering, global platform development and business operations.

The hub brings together teams across engineering, product, data, AI, compliance technology, commercial operations and workforce management.

The Gurugram team will develop core platform capabilities and support Payoneer’s enterprise marketplace, payments and workforce management services.

It will also work with teams worldwide to support around-the-clock product development.

Oren Ryngler, Chief Product and Technology Officer at Payoneer, said,

“India is central to how we’re building Payoneer’s future. As we work towards becoming an AI-native company, the work happening in Gurugram will directly shape our global platform.

This hub is where we’re building key capabilities for our enterprise marketplace clients, financial services and workforce management, and expanding the next generation of our core capabilities.”

Gaurav Gupta, SVP and Platform Site Leader – India, Payoneer, said,

“India today combines one of the world’s deepest pools of fintech and AI engineering talent, making it uniquely positioned for this moment as AI moves from experimentation to enterprise deployment.

We’re attracting elite AI and engineering experts here to solve complex problems at scale, allowing us to stay close to our customers while accelerating innovation for businesses around the world.”

Payoneer chose Gurugram for its engineering and AI talent and its ability to support collaboration across time zones.

The company has also received in-principle authorisation from the Reserve Bank of India to operate as a payment aggregator and acquired Skuad, now Payoneer Workforce Management.