Payoneer Opens India AI Innovation Hub

By Milan Rojan

Payoneer has opened a new innovation hub in Gurugram, India, strengthening its technology and operations footprint as it accelerates the development of AI-powered financial services. The facility will support engineering, product development, compliance technology, workforce management and commercial operations, positioning India as a key research and development centre within the company’s global network.

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. Gurugram is central to our worldwide innovation strategy, not a support site.”

The Gurugram hub will play a central role in advancing Payoneer’s AI strategy by bringing together engineering, product, data and operational teams to build core platform capabilities and AI-enabled experiences. The company said the site will also enhance its enterprise marketplace payout infrastructure while supporting the cross-border payment needs of businesses in India and international markets.

The investment has reflected Payoneer’s broader strategy to expand its presence in one of the world’s fastest-growing FinTech markets, where businesses increasingly require digital financial infrastructure to manage international transactions across multiple currencies and regulatory environments.

Gaurav Gupta, SVP and Platform Site Leader – India at Payoneer, added: “India is both a critical growth market and where we’re building core platform capabilities that serve our customers globally. The country combines one of the world’s deepest pools of FinTech and AI engineering talent, allowing us to accelerate innovation while staying close to customer needs.”

The expansion has followed Payoneer’s in-principle authorisation from the Reserve Bank of India to operate as a Payment Aggregator and its acquisition of Skuad, now operating as Payoneer Workforce Management, further strengthening its cross-border payments and workforce solutions portfolio.