News: PayPal to open development centre in India

(RTR 11/01/2006) Mumbai - PayPal, the world's most popular online payment system, is setting up a development centre in India and plans to fill hundreds of technical positions, it said on Thursday.

PayPal, a unit of online marketplace eBay Inc. is setting up the centre in the southern city of Chennai and plans to hire hundreds of professionals for product development, software engineering and other functions, it said in a statement.

It did not disclose financial details.