Mintoak acquires ICC Loyalty to combine bank payments, rewards and merchant engagement
Indian payments platform Mintoak has acquired ICC Loyalty, adding rewards and customer-engagement tools to its bank-facing merchant payments stack. The combined business serves banks across emerging markets, supporting more than 5 million merchants, 11 million customers and over $93 billion in annual payment volume.
Indian payments platform Mintoak acquired ICC Loyalty to add loyalty, rewards and customer-engagement capabilities for banks. The combined platform serves banks including HDFC Bank, Axis Bank and SBI Payments, linking merchant payments, consumers and data across emerging markets.
Why this matters
The acquisition extends Mintoak’s recent push into bank-led rewards and data tools, following signals on adding ICC Loyalty capabilities and using AI payment data to expand MSME credit access beyond India’s metros.
Retail-company signals are accelerating, up +201143% QoQ.
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