It will collaborate with SMU to offer a scholarship that is worth S$180,000 (US$126,900)

Dr. Rohan Mahadevan, CEO for PayPal Pte. Ltd. and Senior Vice President for PayPal Asia Pacific, at the PayPal Innovation Lab launch in Singapore last year

PayPal has announced that it will partner with Singapore Management University (SMU) to roll out a fintech scholarship in Singapore worth S$180,000 (US$126,900).

“This scholarship is part of PayPal’s Innovation Lab initiative, whose objective is to drive innovation in Singapore. The only way disruptive innovation can be brought to life is by identifying and growing young talent and PayPal looks forward to playing its part in nurturing Singapore’s next generation of fintech talent,” said Anupam Pahuja, General Manager for PayPal Singapore’s Developer Center, in an official press statement.

Six undergraduates from the university’s School of Information Systems will receive S$30,000 (US$21,000) through this scholarship over the next three years. They will also intern at PayPal, and gain access to the company’s business leaders, employees and resources.

Also Read: Check Please! PayPal launches ‘cashless restaurants’ and Innovation Lab in Singapore

Candidates will be shortlisted based on their Grade Point Average (GPA) track record, extracurricular activity profile and interest demonstrated in financial technology including cyber security, payments, and data analytics.

The first scholarship is expected to be awarded to two undergraduates in the first half of this year. Applications will commence in February 2017 for students in the 2016 intake.

This new initiative is in line with SMU’s revised tech-focussed curriculum, which has fintech as one of its key focuses, and includes course on financial technology and cybersecurity.

“The scholarship will support students to specialise in the financial technology, cybersecurity or business analytics tracks in our BSc-Information Systems program. The scholars will have the opportunity to participate in creating fintech solutions with our research centres, as well as through interning with PayPal,” said Professor Pang Hwee Hwa, Dean, School of Information Systems, Singapore Management University, in an official press statement.

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Image Credit: Kevin McSpadden

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