Fintech company PayPal has partnered the Infocomm Media Development Authority (IMDA) to grow its Singapore workforce by 25 per cent.
PayPal will be creating 150 new jobs at its Singapore headquarters in the next three years, reserved for Singaporeans and permanent residents who have attended training under IMDA’s TechSkills Accelerator (TeSA) programme.
TeSa offers various programmes to support current information and communications technology (ICT) professionals and non-professionals to upgrade and acquire new skills and domain knowledge that are in demand, and to stay competitive and meet challenges of a fast-moving digital landscape.
PayPal’s expansion will create many new job opportunities for Singaporeans in areas such as product management, software engineering, cybersecurity, and data science.
PayPal latest tech firm to partner IMDA
New hires will join PayPal’s diverse local and global team at its Singapore-based international headquarters to collaborate on solutions that serve the company’s more than 400 million consumers and merchants worldwide.
According to a media statement by IMDA, these projects include:
- Enabling PayPal solutions to facilitate the digitalisation process for small to medium-sized businesses in Singapore, which encompasses improving business operations and the ability to expand beyond domestic borders.
- Strengthening the PayPal wallet experience for consumers and optimising the PayPal Commerce Platform, a comprehensive solution for businesses with powerful and flexible payment processing capabilities.
- Supporting enterprise-wide projects to enhance risk, compliance, trust and security of PayPal’s platform.
Singapore is also home to the PayPal Innovation Lab, which is one of only three worldwide and the first outside of the United States. To date, the teams in Singapore have successfully contributed to almost 140 patents in areas including advanced communications security, data science and artificial intelligence.
“PayPal is determined to support Singapore’s continued digital transformation into a global technology and fintech hub. Our diverse workforce is our biggest competitive advantage, and PayPal’s employees in Singapore have a unique opportunity to participate in projects and initiatives that have an impact in the more than 200 markets in which we operate in,” said Aaron Wong, Chief Executive Officer of PayPal Pte Ltd.
Lew Chuen Hong, Chief Executive of IMDA added that Covid-19 has accelerated the demand for digital services and innovation across the economy, helping to create “good jobs for Singaporeans in areas like product development.”
Since July 2020, IMDA has created more than 5,500 training and job opportunities with the industry under TeSa, and they are looking to do more of such partnerships with companies.
Previously, IMDA has also struck partnerships with other firms like Google, Microsoft, Grab and Sea to create tech jobs and training opportunities in Singapore.
Featured Image Credit: PayPal via Glassdoor