Hyperswitch

What Hyperswitch does

Hyperswitch is an open-source, modular payment orchestration platform developed and operated by Juspay Technologies Private Limited, an India-based private company headquartered in Bengaluru with 51-100 employees. The platform provides a single unified REST API and SDK layer that normalizes integrations across 300+ payment service providers (PSPs), acquirers, digital wallets (Apple Pay, Google Pay, PayPal, Samsung Pay), BNPL providers (Klarna, Afterpay), and regional bank-redirect and bank-debit methods (iDEAL, Giropay, EPS, ACH, SEPA, BACS, BECS, Multibanco). The core engine is built in Rust and is engineered for 2000 TPS traffic spikes at 99.999% uptime, while ML-driven Intelligent Routing uses an in-house Multi-Armed Bandit model trained on Juspay's 300M+ daily transactions / $1T+ annualized total payment value. Surrounding the core are modular add-ons — Vault (tokenization), Reconciliation Engine (double-entry accounting), Cost Observability (AI-powered fee anomaly detection), Revenue Recovery (multi-modal smart retries), APM Widgets, and a 3DS Decision Manager — alongside mobile SDKs (iOS, Android, Lite under 300KB, React Native) and a hosted Control Center.

The platform is monetized through three streams: (1) transaction-based processing fees on the hosted SaaS deployment billed monthly in USD under a Standard Price List with a Private Pricing Addendum available for enterprise customers, (2) recurring SaaS / managed-services subscriptions for fully hosted deployments with enterprise-grade SLAs and compliance (PCI DSS 4.0, ISO 27001:2022, SOC 2 Type 2, GDPR, CCPA), and (3) professional services for enterprises that co-build solutions with Juspay. The self-hosted open-source deployment carries no licensing fee but transfers infrastructure, security, and PCI DSS compliance responsibility to the merchant.

Hyperswitch runs a dual go-to-market combining community-led, developer-first adoption (GitHub, Slack, weekly Office Hours, monthly Community Sync, Academy) with product-led self-serve onboarding (sandbox.hyperswitch.io, Lite SDKs, Stripe migration paths) and direct enterprise sales for hosted SaaS deployments. Named customers span insurance (Zurich Insurance), healthcare (Bask Health, Axis Health), subscription billing (Recurly), retail (ShopLC, Narvar), transportation (Flowbird, TWBS), real estate (Innago), and technology (Convesio, Reload), serving digital businesses, banks, and airlines that require multi-PSP orchestration, authorization-rate optimization, and payment-cost visibility.

Name

Hyperswitch

Legal name

Juspay Technologies Private Limited

Website

https://hyperswitch.io

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

Hyperswitch is an open-source payment orchestration platform built by Juspay, offering a single API and SDK layer normalizing 300+ PSPs, wallets, and payment methods for merchants via self-hosted or managed SaaS deployment.

Ownership category

akta.pro rank

Product category

Payment Orchestration Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Payment Orchestration Platforms (FSAGABAA)

akta.pro secondary industries

Hybrid Cloud Management, Monitoring & FinOps (HDABAMAD), Payment Gateways & Orchestration (BPAMAFAA)

Keywords

• Payment orchestration platform
• Open source payments
• Payment processor integration
• Unified payments API
• Payment routing optimization

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Transaction Processing Fees: Fees calculated and billed monthly based on transaction volume. Payment is in USD. Juspay charges fees according to the Standard Price List at https://hyperswitch.io/pricing, with the option for merchants to sign a Private Pricing Addendum for revised commercial terms.
2. SaaS Subscription / Managed Services: For hosted deployments, Juspay provides fully managed infrastructure including security, compliance, and platform upgrades as enterprise-grade SLAs.
3. Professional Services: Enterprise customers can co-build solutions with Juspay as if they were an in-house team, suggesting professional services engagement options.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels10 records

Core offering

Hyperswitch is an open-source payment orchestration platform developed by Juspay Technologies that provides a unified API to connect merchants with 300+ payment processors and acquirers through a single integration. The platform offers modular capabilities including intelligent ML-based routing, a unified token vault, smart retries, reconciliation, cost observability, and revenue recovery. It is available either as a self-hosted open-source deployment or as a fully managed SaaS service operated by Juspay, with SDKs for web and mobile platforms.

Product overview

Hyperswitch is an open-source, composable payment orchestration platform built by Juspay that provides two main solution categories: (1) the Payments Suite — an end-to-end orchestration layer unifying payments across 300+ providers through a single integration, and (2) Payment Modules — a modular set of capabilities including Intelligent Routing (ML-driven transaction routing via Multi-Armed Bandit), Vault (unified token/card data management), Reconciliation Engine (double-entry accounting framework), Cost Observability (AI-powered fee analytics), Revenue Recovery (intelligent retry engine), and Alternative Payment Methods Widgets. The platform supports both SaaS (hosted by Juspay) and self-hosted deployment, with mobile SDKs (iOS/Android with Lite variants), Control Center dashboard, and Postman collections for developer integration. Juspay (parent company) processes over 300 million daily transactions with annualized TPV exceeding $1 trillion.

Differentiator

Problem solved

Functional benefit

Brands

• Prism: Payment analytics and intelligence module.
• Intelligent Routing
• Vault
• Alternative Payment Methods
• Cost Observability
• Reconciliation
• Revenue Recovery

Products and services

• Hyperswitch Payments Platform
• Prism
• Intelligent Routing
• Vault
• Alternative Payment Methods Widgets
• Cost Observability
• Reconciliation Engine
• Revenue Recovery
• 3DS Decision Manager
• Hyper Analytics

Quantifiable outcome

• 2000 TPS traffic spike handling capacity
• +3 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration26 records

AI capability6 records

Feature8 records

Partnerships

Three partnerships are on record, tiered core.

• StripecoreTechnology or IntegrationHyperswitch provides documented migration paths from Stripe SDK for both iOS (CocoaPods) and Android (Gradle) platforms, enabling merchants to switch payment infrastructure providers.
• Apple PaycoreTechnology or IntegrationHyperswitch supports Apple Pay in 75+ countries on iOS (in-app) and Web (Safari), requiring Apple Developer Account and Merchant ID configuration.
• Google PaycoreTechnology or IntegrationHyperswitch supports Google Pay in 70+ countries on Web and Android, with iOS support limited to US and India.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Gr4vy: Gr4vy is a cloud-native payment orchestration platform with no-code routing rules, tokenization, and cost optimization, targeting merchants that want to manage multiple PSPs without deep engineering work.
• Primer: Primer provides a unified payments infrastructure with intelligent routing, tokenization, and reconciliation across processors — the closest direct competitor to Hyperswitch in the multi-PSP orchestration space.
• Spreedly: Spreedly offers a payment gateway orchestration and vault platform that abstracts multiple PSPs and acquirers behind one API — directly comparable to Hyperswitch's multi-PSP routing and token vault.
• IXOPAY: IXOPAY provides payment orchestration, smart routing, and a tokenization platform that connects merchants to multiple acquirers through a single integration — a direct comparable to Hyperswitch.
• Cellpoint Digital: Cellpoint Digital delivers payment orchestration and routing platforms, with particular strength in the airline and travel verticals — directly overlapping Hyperswitch's stated airline focus.
• APEXX: APEXX is a payment orchestration and optimization platform offering intelligent routing, a unified gateway, and analytics across acquirers — overlapping materially with Hyperswitch's modules.

Broad incumbents

• Stripe: Stripe is the dominant full-stack payment platform whose own routing, smart retries, and Connect products pressure Hyperswitch at the orchestration layer even though Stripe also appears as one of Hyperswitch's connectors.
• Adyen: Adyen is a global unified payments platform offering multi-acquirer processing and dynamic routing as part of a full-stack product, competing with Hyperswitch for large merchants while also integrating into it.
• ACI Worldwide: ACI Worldwide provides enterprise payment orchestration and merchant management infrastructure used by banks and large processors — overlapping Hyperswitch's bank and airline target segments.

Others

• Token.io: Token.io provides open banking and account-to-account payment infrastructure; while not a direct orchestrator, it competes for the same merchant payment-routing budget as Hyperswitch's APM widgets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/HyperSwitchIO
• GitHubgithub.com/juspay/hyperswitch
• YouTubeyoutube.com/@HyperswitchIO
• LinkedInin.linkedin.com/company/juspay-technologies

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hyperswitch