New Delhi: Online retailer eBay today said it plans to set up a new development centre in Bangalore and will hire up to 1,000 employees for the facility over the next three years.The new facility will feature several centres of excellence and house technologists from both eBay Marketplaces and PayPal, eBay said in a statement.

The centre will build on eBay Inc's existing presence in India, which includes a global development centre with over 2,200 employees in Chennai and the eBay India business unit in Mumbai, it added.

PayPal, a global e-commerce business acquired by eBay in 2002, is planning to tap into the Bangalore's software talent pool.

"PayPal is growing at a phenomenal rate globally, as we continue to execute on our bold vision of re-imagining money. To support this growth, we are looking to tap into the large pool of software engineering talent in Bangalore to come innovate with us and create the future of commerce," PayPal General Manager Anupam Pahuja said.

The company is committed to India as a technology hub and sees India's software engineering talent as a critical driver for the long-term success of PayPal's global payment platform, he added.

The company is aggressively hiring senior technologists with product development experience across functions like research, platform and application development, architecture, quality engineering, product management, marketing and product analytics, user experience and design, and information security.

"The India centre plays a strategic role in global product and technology innovation. The Bangalore Centre will bring in significant thought leadership to drive critical business initiatives," eBay Marketplaces General Manager Rajesh Ramachandran said.