← Embedded Finance Index 2026/Vendor

Razorpay

Provider
PSPFX / PayoutsSpend / AP

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 22 companies across 3 categories.

razorpay.com ↗Also analysed as a company — its own stack →
CategoriesPSP, FX / Payouts, Spend / AP
Rank#20 of 496 in PSP
Buyers22 companies
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Who uses Razorpay
22 companies disclose Razorpay in their stack
HellobooksDokanNorthern ArcHDFC BankJuspayUpi SwitchContloGoStudsGr4vyPaddleQ ZapReplit+10 more
Buyer mix · 22 of 22 classified
Bank / National · 4Infrastructure / Payments · 4Horizontal SaaS / Accounting · 2Fintech / Lending · 1Fintech / Neobank · 1Fintech / Retail Payments · 1Horizontal SaaS / Collaboration · 1Horizontal SaaS / Developer Tools · 1
APAC · 15US · 5UK · 1
What the disclosures say
Hellobooks
“Terms of Service section 5: 'Fees are settled via Stripe or Razorpay in the currency shown to you at signup.' Privacy policy Section 6 lists Stripe / Razorpay as payment processors.”
Dokan
“https://dokan.co/wordpress/modules/stripe-express/; https://dokan.co/wordpress/modules/paystack-module/; https://dokan.co/wordpress/modules/razorpay/; https://dokan.co/wordpress/pricing/; https://dokan.co/terms”
View source · dokan.co ↗
Northern Arc
“Razorpay JS detected loading on https://www.northernarc.com/ (TIER 1 script signature).”
View source · northernarc.com ↗
HDFC Bank
“HDFC SmartGateway developer docs (smartgateway.hdfcbank.com) powered by Juspay; HDFC Bank GIGA page listing Razorpay for domestic collections; HDFC Bank payments analyst presentation listing credit cards, debit cards, UPI, POS, mPOS, QR; HDFC Bank API portal listing RTGS/NEFT/IMPS/A2A payment APIs; cross-border PA-CB A…”
Juspay
“juspay.in homepage describes dynamic routing across PSPs; docs.juspay.in/split-settlements lists supported PA/PG: Razorpay, PayU, Paytm, Easebuzz, Gocashfree, Simpl, CCAVENUE, TPSL; Hyperswitch docs reference Stripe as a connector”
Upi Switch
“IBS Intelligence listing: 'Razorpay launches UPI Switch in partnership with Airtel Payments Bank' — direct evidence Razorpay is the payment infrastructure partner for UPI Switch.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Razorpay? Claim this profile above to unlock your own full list.
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Alternatives to Razorpay

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

Stripe693 buyers →Adyen256 buyers →PayPal134 buyers →Checkout.com105 buyers →Worldpay78 buyers →Mollie56 buyers →Braintree52 buyers →Pix50 buyers →
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Ranked #20 of 496 in PSP — Embedded Finance Index 2026
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