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PayPal-backed Mintoak acquires Digiledge for $3.5M, expanding India's CBDC ecosystem.
PayPal-backed Indian startup Mintoak has acquired Digiledge for around $3.5 million, marking the first deal in the country's CBDC space.
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.
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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Mintoak, respaldado por PayPal, adquiere Digilance por 3,5 millones de dólares, expandiendo el ecosistema CBDC de India.