Hyperswitch

Hyperswitch is a modular open-source payment switch and orchestrator written in Rust, which allows self-hosted or cloud payment routing. It was founded in 2022, with offices in San Francisco and Bangalore, and has global reach across the United States, the EU, India, APAC and LATAM.

Product The product list includes an open-source Rust core, unified checkout, smart retry, revenue recovery, cost routing, reconciliation and a vault. According to the company, a team can deploy its own orchestrator on-premise without vendor lock-in.

Who it suits Target verticals are SaaS, e-commerce, fintech, PSPs and marketplaces. Businesses that want control over routing logic and infrastructure can host the core themselves, while others can use the managed offering.

Licensing and pricing The core is free and open source under Apache 2.0, with a managed cloud enterprise option. Managed pricing is agreed with the company.