“Can a payment orchestrator from India become the global Payments OS for enterprise merchants?”
Founded 2012 as a mobile-first payments SDK in India, Juspay evolved into a full payment orchestration platform processing 125M+ daily transactions for enterprises like Amazon Pay, IndiGo, Swiggy and BigBasket. Over the last few years it has expanded internationally — opening offices in San Mateo, Dublin, Dubai, São Paulo, and Singapore — and now positions itself as a global 'Payments Operating System' with 300+ PSP integrations, orchestration, tokenization, reconciliation, payouts and a credit marketplace (Hypercredit).
Juspay processes payments through Juspay (self-operated orchestrator), Razorpay (downstream connector), PayU (downstream connector), Paytm (downstream connector), Easebuzz (downstream connector), Cashfree (downstream connector), CCAvenue (downstream connector), Worldline/Ingenico TPSL (downstream connector) and 2 others. Disclosed money-movement rails: UPI.
Juspay uses Wise Platform for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 4 layers in Juspay's stack: Payments / PSP (Juspay (self-operated orchestrator), Razorpay (downstream connector), PayU (downstream connector), Paytm (downstream connector) and 6 others); Money movement (UPI); Lending (Hypercredit, Advance EMI Suite (no-cost/low-cost EMI) and Loan Marketplace Platform); FX & payouts (Wise Platform).
Juspay is founded in 2012 and headquartered in Bengaluru, India.
Juspay has raised ~$110M+ in total (latest round: Series D extension, Jan 2026; valuation: $1.2B (2025)).
Get a read on where your own stack stands against Juspay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.