Fintech PayPal has partnered with the Infocomm Media Development Authority (IMDA) to grow its Singapore workforce by 25%.
PayPal will create 150 new jobs at Singapore headquarters over the next three years, reserved for Singaporeans and permanent residents who have attended the training IMDA’s TechSkills Accelerator (TeSA) program.
TeSa offers several programs to support current professionals and non-professionals in information and communication technologies (ICT) to update and acquire new skills and knowledge of the required domain, and stay competitive and meet the challenges of a fast-moving digital landscape.
The expansion of PayPal will create many new job opportunities for Singapore in areas such as product management, software engineering, cybersecurity and data science.
PayPal’s latest technology company is partnering with IMDA
The new hires will join PayPal’s local and global team at its Singapore-based international headquarters to collaborate on solutions that serve more than 400 million consumers and merchants worldwide.
According to an IMDA statement, these projects include:
- Enable PayPal solutions to facilitate the digitization process of Singapore’s small and medium-sized businesses, which includes improving business operations and the ability to expand beyond national borders.
- Strengthen the PayPal portfolio experience for consumers and optimize the PayPal trading platform, a comprehensive solution for companies with powerful and flexible payment processing capabilities.
- Support company-wide projects to improve the risk, compliance, trust and security of the PayPal platform.
Singapore is also home to the PayPal Innovation Lab, which is one of only three in the world and the first outside the United States. To date, Singapore teams have successfully contributed to almost 140 patents in areas such as 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 employees in Singapore have a unique opportunity to participate in projects and initiatives that have an impact on the more than 200 markets in which we operate, ”said Aaron Wong, CEO of PayPal Pte Ltd.
Lew Chuen Hong, executive director 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 such as product development.” .
Since July 2020, IMDA has created more than 5,500 training and job opportunities with industry under TeSa, and is looking to do more of this type of partnership with companies.
Previously, IMDA had also established partnerships with other companies such as Google, Microsoft, and Grab Mar. to create technology jobs and training opportunities in Singapore.
Featured Image Credit: PayPal via Glassdoor