India, March 4 -- Fintech SaaS platform Mintoak has acquired Bengaluru-based Digiledge to add bill payments and Central Bank Digital Currency (CBDC) solutions to its digital payments platform.

The acquisition was made via an all-cash deal and the fintech startup will operate as a subsidiary of Mintoak post the acquisition. However, the size of the deal was not disclosed.

In a statement, Mintoak said that the acquisition will strengthen its merchant payment offerings with the addition of bill payments and CBDC.

"By embedding CBDC acceptance into merchant platforms, banks can future-proof their payment ecosystems and provide an omnichannel payment experience for SMEs," Mintoak said.

Founded in 2017 by Raman Khanduja, Rama Tadepalli and ...