Mumbai-based Mintoak has bought Dubai’s ICC Loyalty, creating a combined business with over $30m annual revenue and a 30% profitability margin.

Mintoak, sistem operasi (OS) pembayaran dan keterlibatan bagi acquirer, hari ini mengumumkan akuisisi ICC Loyalty, yang memperluas jangkauannya di Timur ...

Mintoak will cross-sell its merchant engagement platform to ICC's clients while offering the latter’s rewards stack to its banking partners

Mintoak's HDFC and HDFC banks acquired Digiledge in agreement in the amount of 3.5 million dollars, marking the first acquisition in the Indian Central Bank of Digital Currency. Mintoak, an Indian Startup Ecommerce, which facilitates the payment of a merchant, has acquired Digiledge in agreement about 3.5 million dollars, marking the first acquisition in India CBDC Area, Reuters, has learned…

Indian startup Mintoak, which provides merchant payment services to lenders, said on Tuesday it has bought Digiledge, marking the first acquisition in the nascent central bank digital currency space in a deal that sources said was worth around $3.5 million. The Reserve Bank of India started a pilot for the CBDC, or e-rupee, a digital alternative to physical currency, in December 2022, and last April, it expanded the scope of transactions to payment firms from having limited it to just banks initially. PayPal and HDFC Bank backed Mintoak has completed the acquisition of Digiledge, which specialises in CBDC and bill payments services, said two sources aware of the matter, declining to be identified as they are not authorised to speak with the media.

PayPal and HDFC Bank backed Mintoak has completed the acquisition of Digiledge, which specialises in CBDC and bill payments services

Reported Wednesday, Jun 17 - 5:31am EDT (TheFly subscription required to read more.)

NEW DELHI : Indian startup Mintoak, which provides merchant payment services to lenders, said on Tuesday it has bought Digiledge, marking the first acquisition in the nascent central bank digital currency space in a deal that sources said was worth around $3.5 million.The Reserve Bank of India started a p

Key Takeaways: Domestic adoption of the e-rupee hinges on utility, not subsidies. E-rupee usage dropped 90% after subsidies ended, exposing weak demand. Private fintechs like Mintoak are outpacing the RBI by equipping banks with CBDC infrastructure ahead of the mandate. India’s digital rupee is charging onto the global stage, but back home, it’s fighting for survival. The RBI just launched cross-border CBDC pilots, riding a 334% surge in circulation. Yet when subsidies vanished, domestic usage collapsed by 90%, exposing a harsh truth: without incentives, adoption crumbles. Daily transactions now crawl at just 100,000, forcing the central bank to scramble for solutions.

PayPal and HDFC Bank-backed Mintoak has acquired Digiledge in a $3.5 million deal, marking the first acquisition in India’s central bank digital currency space. Mintoak, an Indian ecommerce startup that facilitates merchant payments, has acquired Digiledge in a deal worth…

NEW DELHI : Indian startup Mintoak, which provides merchant payment services to lenders, said on Tuesday it has bought Digiledge, marking the first acquisition in the nascent central bank digital currency space in a deal that sources said was worth around…