ICC Loyalty
Latest, 6 Aug: BlackSoil lends ₹80 crore to Mintoak for ICC Loyalty acquisition.
Newest on ICC Loyalty
Browse all 4 storiesWhat we know
From 4 stories, the newest dated 6 Aug 2026. Summary written 3 Oct 2026.
ICC Loyalty is a Dubai-headquartered loyalty and rewards business that serves banks. [1] source: The Hindu BusinessLine It serves over 11 million banking customers through more than 30 banks across 10 countries. [2] source: Inc42 It is now part of Mintoak, a Mumbai-based payments platform. [1] source: The Hindu BusinessLine
Mintoak acquired ICC Loyalty in August 2026 to add loyalty, rewards and customer-engagement capabilities for banks. [3] source: Entrackr Entrackr reported on 6 August 2026 that BlackSoil provided Rs 80 crore (approximately $9 million) in acquisition debt to fund the purchase. [4] source: Entrackr Inc42 reported that ICC Loyalty posted $16 million revenue and $4 million net profit in 2026. [2] source: Inc42 The combined business generates more than $30 million in annual revenue, and its profitability margin exceeds 30%. [3] source: Entrackr
Mintoak works with over 50 banks across 20 countries and supports more than 5 million merchants. [2] source: Inc42 The platform that ICC Loyalty joins includes the Indian partners HDFC Bank, Axis Bank and SBI Payments. [1] source: The Hindu BusinessLine Mintoak reported ₹105 crore operating revenue in FY25. [2] source: Inc42
ICC Loyalty has appeared in 4 distinct RetailIntel stories in Aug 2026, most often under retail company and omni channel and most frequently linked to Dubai and Mumbai.
Brands most often mentioned alongside ICC Loyalty
Axis Bank, HDFC Bank, Mintoak, SBI Payments, Emirates Islamic, Absa Bank.
Most-cited sources on ICC Loyalty
Entrackr (1 story), Entrackr · Newsletter (1 story) and Inc42 (1 story).
Sources
Questions about ICC Loyalty
Who owns ICC Loyalty?
ICC Loyalty is owned by Mintoak, the Mumbai-based payments platform that acquired the Dubai-headquartered company in August 2026 to add loyalty and rewards capabilities. [3] source: Entrackr[1] source: The Hindu BusinessLine