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Loqal

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QR code payment platform enabling contact-free transactions for local businesses.

Overview

Loqal operates in the fintech sector by offering a QR code payment platform that enables contact-free transactions for users and local businesses. The platform allows consumers to make payments by scanning a unique Loqal code with their smartphones. It targets both consumers and local merchants, aiming to provide secure and convenient payment methods while potentially reducing transaction fees associated with traditional point-of-sale systems. The platform includes built-in authentication features for security and offers personalized discounts. Loqal's approach aims to provide a digital payment solution that aligns with contemporary consumer preferences.

Key facts

Founded
2020
Sector
Payments

Business model

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About Loqal

What does Loqal do?

Loqal operates in the fintech sector by offering a QR code payment platform that enables contact-free transactions for users and local businesses.

Where is Loqal headquartered?

Loqal is headquartered in Westfield, United States.

When was Loqal founded?

Loqal was founded in 2020.

Which sector is Loqal in?

Loqal operates in Payments, part of Financial Technology.

Who are Loqal's competitors?

Companies similar to Loqal include Gobs, LOCA, and Ziksu.