Juspay, a leader in payment orchestration since 2012, has introduced Hyperswitch, an open-source payments platform designed to simplify global payments for digital businesses.

Hyperswitch empowers merchants and brands with a modular, enterprise-grade solution to optimize their payment infrastructure.

Key Components Of Hyperswitch

  1. Hyperswitch Backend:
    The backend facilitates seamless payment processing by supporting various flows such as authorization, authentication, refunds, and chargebacks.
    • It integrates with external fraud risk management (FRM) or authentication providers and optimizes routing with features like success rate-based routing and intelligent retries for failed payments.
  2. SDK (Frontend):
    Available for web, Android, and iOS, the SDK unifies the payment experience across methods like cards, wallets, BNPL, and bank transfers. It also supports saved payment methods for a streamlined user experience.
  3. Control Center:
    This no-code interface allows businesses to manage workflows, routing rules, retries, and integrations with fraud detection systems. It provides detailed analytics, transaction logs, and insights to enhance payment performance.
  • Modular Design: Businesses can integrate only the required components like intelligent routing, cost observability, or reconciliation without overhauling their existing stack.
  • Open Source: Hyperswitch ensures transparency and flexibility by allowing merchants to customize their payment systems without vendor lock-in.
  • Scalability and Reliability: Built to handle up to 5K transactions per second (TPS), it ensures zero downtime with multi-region support.
  • Enhanced Observability: Offers deep transaction insights through logging and monitoring tools.
  • Local Setup: Developers can set up Hyperswitch locally using Docker Compose.
  • Cloud Deployment: Quick deployment on AWS via CDK scripts or Helm charts for GCP and Azure.
  • Hosted Sandbox: A ready-to-use environment for exploring Hyperswitch’s capabilities.

Juspay envisions Hyperswitch as the “Linux for Payments,” promoting diversity, innovation, and community-driven development.

By offering a reusable core payments stack, it enables businesses to innovate rapidly while ensuring reliability and security.

Hyperswitch is transforming the payment ecosystem by providing a flexible, high-performance platform that adapts to the evolving needs of digital businesses.

LEAVE A REPLY

Please enter your comment!
Please enter your name here