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flag PayPal-backed Mintoak acquires Digiledge for $3.5M, expanding India's CBDC ecosystem.

flag PayPal-backed Indian startup Mintoak has acquired Digiledge for around $3.5 million, marking the first deal in the country's CBDC space. flag Mintoak, which provides merchant payment services, will now offer enhanced CBDC and bill payment solutions to its partner banks, including HDFC Bank, Axis Bank, and SBI. flag This acquisition comes as the Reserve Bank of India expands its e-rupee pilot to payment firms, with major fintech players like Google Pay and PhonePe expressing interest in joining.

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