Indian startup Mintoak, which provides merchant payment services to lenders and is backed by PayPal, acquired Digiledge on March 3, 2025. The deal was reportedly worth around $3.5 million.
This acquisition marks the first in India's nascent central bank digital currency (CBDC) space, indicating a strategic move into an emerging area of digital payments. Mintoak's focus is on providing payment solutions to lenders.
PayPal's backing of Mintoak suggests its indirect interest in the development and adoption of CBDCs and other innovative payment technologies in high-growth markets like India. This positions PayPal to potentially benefit from future advancements in this sector.
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