Loomis launches new complete payment solution, Loomis Pay, in late 2020
In September 2020, Loomis launched its new payment solution for cash, cards and other digital payments, Loomis Pay. With the launch of Loomis Pay, the company increases its potential markets by offering a simple and complete end-to-end payment platform for merchants, both in-person and online. The launch of the payment platforms follows the company’s broader strategy to expand its presence across its value chain. The service is currently available in Denmark and Sweden, with the continued expansion into at least one existing European market in 2022.
Balance Sheet|New Activity|ESG|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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