Paris-based Synalcom, a company that claims to be one of France’s biggest electronic payment solutions and services providers, announced on Wednesday that it has merged with mobile-first payments fintech Qori to launch Sylq.
Founded in 2021 by Alain Falys and Daniel Maurice-Vallerey, Qori has developed a payment system that allows retailers to accept card, bitcoin, and bank purchases on any payment terminal or mobile device via a single app using QR codes and NFC technology.
The platform also helps companies to incorporate awards and benefits for client loyalty, increasing customer retention.
“Challenging Adyen and Stripe”
According to Synalcom, this merger with Qori will place Sylq at the top of the payments industry, making it one of the leading multi-channel players in the European market.
Sylq aims to facilitate European retailers’ payments needs so they can focus on real value-adding actions for their business.
The firm will provide businesses with an integrated payments solution that supports card, bank transfer, and cryptocurrency transactions on any Android and iOS device as well as remote and online payments.
Throughout Europe, Sylq will provide, customise, assist, and manage terminals.
President of Sylq, Tony Delalande, says, “Sylq will revolutionise the European payments landscape, directly challenging Adyen and Stripe.”
“Sylq provides merchants with point-of-sale terminals, payment platforms and assisted onboarding alongside 24/7 support in French and English. With over 150 employees and a customer-centric approach, Sylq is the market-leading all-in-one business partner available in every European country.”
Sylq will have direct access to a sizable customer base thanks to Synalcom’s vast market reach, and Qori will add a fintech platform that will give companies a “cutting-edge” payments experience.
Synalcom believes that the Sylq offering will be a step ahead of the competitors and will turn into the preferred payment system for all European businesses.
Founded in 2007 by Tony Delalande, Synalcom provides retailers, merchants, healthcare professionals, and banks with a wide range of payment products and services. This includes a large variety of payment terminals and accompanying infrastructure.
Currently, the company supports over 20,000 businesses in France and has deployed over 230,000 payment terminals.