← Embedded Finance Index 2026/Vendor

HDFC Bank

Provider
BaaSCard IssuingFX / Payouts

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 2 companies across 3 categories.

hdfcbank.com ↗Also analysed as a company — its own stack →
CategoriesBaaS, Card Issuing, FX / Payouts
Rank#88 of 211 in Card Issuing
Buyers2 companies
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Who uses HDFC Bank
2 companies disclose HDFC Bank in their stack
HdfcPhonePe
Buyer mix · 2 of 2 classified
Bank / National · 1Fintech / Consumer banking · 1
APAC · 2
What the disclosures say
Hdfc
“HDFC Bank Analyst Meet 2022 PDF shows 44% offline and 48% online card acquiring market share in India; SmartGATEWAY product page on hdfc.bank.in; Juspay developer docs listing HDFC Bank as issuing bank and showing CyberSource, Razorpay, PayU as supported gateways.”
PhonePe
“PhonePe operates a wallet (originally FX Mart PPI) and co-branded credit cards with SBI Card and HDFC Bank.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent HDFC Bank? Claim this profile above to unlock your own full list.
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Alternatives to HDFC Bank

Other Card Issuing providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Marqeta65 buyers →Stripe Issuing31 buyers →Paymentology28 buyers →Enfuce22 buyers →Sutton Bank21 buyers →Galileo20 buyers →i2c18 buyers →Pliant18 buyers →
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Ranked #88 of 211 in Card Issuing — Embedded Finance Index 2026
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