Mintoak, a leading merchant SaaS platform, powering the merchant apps for some of the largest banks and acquirers across India, the Middle East, and Africa, has announced its first strategic acquisition - Digiledge, a pioneering fintech, specialising in Bill Payments and Central Bank Digital Currency (CBDC) solutions.

This acquisition marks a significant step in Mintoak’s mission to enhance merchant engagement, retention, and monetisation opportunities for banks and acquirers. By adding Bill Payments and CBDC capabilities to its platform, Mintoak is equipping acquirers with future-ready solutions to better serve SMEs in an evolving digital landscape.

Strengthening Merchant Payments with Bill Payments and CBDC

With NPCI’s Bharat Connect accelerating digital transformation, Bill Payments have become a high- impact category for businesses of all sizes. NPCI’s latest B2B initiative solves a critical challenge by digitising B2B invoicing and payments, a crucial area for the 3 million+ merchants using Mintoak- powered merchant apps. The integration of Digiledge’s expertise will empower Mintoak’s partner banks to offer a more holistic financial ecosystem to their SME customers, making their platforms more indispensable.

Central Bank Digital Currency (CBDC) is reshaping the future of digital payments, offering enhanced security, faster settlement, and lower transaction costs. As central banks worldwide accelerate CBDC adoption, Mintoak’s expertise through Digiledge will help merchant acquirers stay ahead of regulatory and technological shifts. By embedding CBDC acceptance into merchant platforms, banks can future- proof their payment ecosystems and provide an omnichannel payment experience for SMEs.

Raman Khanduja, Co-founder and CEO of Mintoak, emphasised the significance of the acquisition, stating: “This acquisition is a major milestone in our mission to support SMEs with an all-in-one merchant payments and commerce platform. By adding Digiledge’s Bill Payments and CBDC capabilities, we are making it easier for merchant acquirers to grow and help more SMEs access digital tools and financial services. Together, we’re changing the way merchants do business in a digital world.”

Mahesh Govind, Co-founder and CEO of Digiledge, highlighted the synergy between the two companies: “Joining forces with Mintoak opens up new opportunities for us to operate at scale and expand our reach into international markets. This partnership empowers us to deliver more value and support the SME ecosystem globally.”

Mintoak’s Continued Leadership in Merchant SaaS

With this acquisition, Mintoak reinforces its position as a trusted merchant platform partner for leading financial institutions including HDFC Bank, Axis Bank, State Bank of India, Absa Bank, Network International, and others. The comprehensive merchant platform ensures Mintoak stays ahead in enabling banks to cater to SMEs' evolving needs while fostering deeper engagement within the merchant ecosystem. This strategic alignment amplifies their shared vision—to empower merchant acquirers and SMEs globally with advanced payments and commerce solutions.