Indian fintech company Mintoak has announced the acquisition of ICC Loyalty, a fintech business headquartered in the Middle East. The deal was disclosed from Mumbai and marks another expansion step for Mintoak, which positions itself as a payments and engagement operating system for acquirers.
The acquisition is aimed at widening Mintoak’s presence across the Middle East and Africa. By bringing ICC Loyalty into its business, Mintoak is expected to strengthen its regional footprint and deepen its offering in merchant-facing payments and engagement services.
Mintoak’s core focus is on technology for acquirers, while ICC Loyalty’s background suggests added strength in customer engagement and loyalty-led fintech solutions. Together, the combination points to a broader platform strategy that connects payment acceptance with tools designed to improve merchant and customer interaction.
The move highlights continued consolidation in the fintech sector, especially among companies looking to scale across multiple markets through acquisitions rather than organic expansion alone. For Mintoak, the purchase of ICC Loyalty signals a push to build a larger presence in fast-growing payments markets beyond India.
