HSBC and Juspay have entered a strategic partnership to develop an advanced acquiring platform for digital-first global merchants.
The new platform will leverage HSBC’s extensive global network and Juspay’s expertise in payments infrastructure.
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This new solution will consolidate the entire payment value chain into a single, unified stack.
It promises to enhance payment success rates, reliability, and agility, thereby facilitating faster scaling for digital merchants, said Juspay.
Juspay co-founder and COO Sheetal Lalwani said: “We’re excited to partner with HSBC and set a new benchmark for acquiring by demonstrating how banks and fintechs can co-create high-performance, future-ready infrastructure.
“Together, we are building a platform that bridges institutional scale with the agility of modern technology.”
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By GlobalDataThe platform, designed for speed and flexibility, is said to provide end-to-end payment capabilities, including native and customised checkout interfaces.
Other capabilities include transaction processing with smart routing, access to local payment methods, and robust risk and fraud management systems.
The platform also handles chargebacks, disputes, reconciliation, and settlement processes, providing a comprehensive service for merchants.
HSBC global head of domestic and emerging payments Lewis Sun said: “The acquiring platform we’re building with Juspay is a full-stack, future-ready solution that meets the fast-changing needs of today’s payments landscape.
“This all-in-one solution removes the complexities of managing multiple payment methods for our clients, allowing them to focus their time and energy on growing their businesses.”
Established in 2012, Juspay is a payments technology company that processes over 300 million daily transactions with an annual total payment volume exceeding $1tn.
It has a network of over 1,200 payment experts located in San Francisco, Dublin, São Paulo, and Singapore.
Earlier this year, Juspay secured $60m in a Series D funding round led by Kedaara Capital, with participation from existing investors Softbank and Accel.
In June, Juspay partnered with dLocal, a cross-border payment platform, to offer over 900 local and alternative payment methods in regions across Africa, Asia, and Latin America.
