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Mridul Das

Introvert! • 11d

This could add a new wave in Fintech💰 space.⬇️ A Mumbai-based startup 🚀 Mintoak💰 has made $3.5 million💵 deal through e-rupee. This startUp 💡 is backed by PayPal and HDFC Bank. Mintoak was founded by Raman Khanduja, Kabeer Jain, Rama Tadepalli, Rohit Ramana and Sanjay Nazareth and Raman Khanduja is the CEO. ➡️ Google Pay, PhonePe, as well as Amazon Pay are also seeking to join the pilot, 📈 ➡️ Mintoak is a merchant payment services provider, which specialises in Central Bank Digital Currency (CBDC) and bill payments services, making it India's first e-rupee related deal. ➡️ This is the first acquisition in the nascent CBDC space. This is actually huge because by adding Digiledge's bill payments and CBDC capabilities, it will be easier for merchant acquirers to grow and help more small and medium enterprises access digital tools and financial services. 🔥 ➡️The founders of Mintoak said that the deal will enable its partners like HDFC Bank, Axis Bank and SBI to offer more comprehensive CBDC-related payment services for their clients.

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