Payment companies Synalcom and Qori merge into a new platform that supports cryptocurrency purchases

According to reports, French payment companies Synalcom and Qori are merging to form a new company called Sylq, promising to provide a multi in one merchant payment platform. Sylq will provide comprehensive payment services for enterprises, supporting purchases using cards, bank transfers, and cryptocurrency on any payment terminal or Android and iOS devices, while also enabling remote and online payments. The new company will provide, personalize, support, and maintain terminals throughout Europe.

Interpretation of this information:

The latest reports suggest that Synalcom and Qori, two prominent payment companies in France, are joining forces to create a brand new entity called Sylq. The primary objective of this merger is to provide a holistic payment platform for merchants, integrating multiple payment methods onto one platform. Sylq is poised to offer payment services to enterprises around Europe, allowing them to accept payments using various modes such as cryptocurrencies, bank transfers, and cards. Customers will now have the option of making purchases on payment terminals, Android and iOS devices or through online channels, offering a comprehensive payment solution for businesses of all sizes. Given the current global scenario, the move to cryptocurrency payments is particularly timely, as many businesses continue to look for new ways to provide transaction flexibility to their potential customers.

The unique feature of Sylq is its multi-method payment platform, which will help businesses to process transactions more efficiently while maximising their customer reach. The platform also promises a comprehensive support system, with provision for personalised terminal support and maintenance, which is a significant value-addition. The merger will, therefore, create a more efficient and convenient payment platform than has existed so far in Europe.

The merger of Synalcom and Qori to form Sylq reflects a growing trend where similar companies band together to remain competitive in the market. By consolidating their strengths, both the companies stand to gain significant credibility and a competitive advantage in the crowded payment landscape. The customers are also expected to benefit from this merger, as the two companies’ combined resources would result in better, more reliable, and more versatile services.

In conclusion, Synalcom and Qori are set to merge and become Sylq, offering a comprehensive, multi-method payment platform for businesses in Europe. The platform will allow merchants to process transactions using various modes and channels, with support and maintenance readily available. This merger is indicative of the sustenance strategy for companies in a crowded market—and customers could get more reliable and versatile services in the process.