List of Best Online Payment gateway Portal for your E-Commerce Business

Having the best payment portal for your E-Commerce business can be the most important apparatus to succeed. It ought to be planned according to your necessities. It causes you to offer a solitary, coordinated answer for purpose of offer (POS) and handling the payment, which can be offered to traders as a substitution of the present payment strategies. To guarantee that shippers don’t bargain with their present supplier, your pay door arrangement must be verified to take out the risk of chargebacks, and have an all the more wide extent of decisions for making the payments. It even offers centered cost, start to finish client support, speedier settlement, and phenomenal detailing.

Foloosi

Foloosi Technology, a payment gateway UAE brings to you easy to use options that are designed to be accessible, convenient and simple backed by reputed partners to provide security and a credible and reliable customer experience.

Foloosi - Payment Link

For Android : 
https://play.google.com/store/apps/details?id=com.foloosi.customer&hl=en

For iOS : 
https://itunes.apple.com/us/app/foloosi/id1424241732?ls=1&mt=8

Foloosi Technology, online payment gateway UAE provides a convenient way for a user to make in – store payments and can be used at business listed with the Foloosi Technology service provider.

Telr

At first known as Innovate Payments, it was once considered as a standout amongst the best new businesses of UAE. Telr offers its administration in excess of 120 monetary forms around the world. One of the remarkable highlights of Telr is that they offer their administrations in creating nations like Indonesia and Pakistan. Their yearly support cost is $ 95, $27 and $13.5 for section, little and medium dimension accounts separately.

There is additionally no charges on the settlement to the trader represent the section level arrangement. Their administration charges are referenced underneath:

Pay U

PayU, created by the Indian payment handling company, is the most straightforward E Commerce paymentment framework intended to fill the holes left by different complex specialist organizations. PayU is generally acknowledged because of its high change rates and acknowledgment more than a few other payment strategies. The PayuBiz’ API’s and SDKs help associate this stage to any site, application, or related outsider frameworks.

PayU permits payment with a solitary tap. A critical specialized progression is made by allowing the recurrent clients to avoid the progression of entering CVV over and over. The stage even permits perusing and entering OTP before the clients, and consents to the most noteworthy of PCI and DSS principles to guarantee installment data. It likewise stores all credit vault information, so neither the trader nor their clients would need to key it more than once.

Braintree

Presented in the year 2012, and as of now the best portable payment entryway in India and furthermore over different nations. Financed by financial speculator and financial specialists, Braintree is various in its programming, and the code can be set explicitly into a vendor’s online website. It gives a protected checkout experience to the clients, accordingly reassuring them to come back to the site. It is a perfect entryway for associations hoping to process payments productively and overhaul their request the board. It is by and by prepared to form into customary E Commerce locales that license the trading of things or administrations. It offers an online payment door to new and rising associations that empowers them to address associations that probably won’t be able to deal with the payment structure.

Paypal

Set up in 1999, for both MasterCard and debit card payments, and is free for buyers, while traders need to pay change expenses while using PayPal for Visa payments. This payment portal does not require any setup costs, passage expenses, or month to month charges. The advantages are that merchants don’t have to pay once the deal is finished. While using PayPal Standard, clients may leave the site to register out and sign with their PayPal record, or they can pay through Credit card or Visa card without information exchange. PayPal Pro enables dealers to have and alter their entire look at procedure with the goal that customers don’t have to leave the site. It furthermore acknowledges Mastercards utilizing fax, mail, or phone.

Payment Gateways are the eventual future of B2B E Commerce business. They develop a secure connection between the site/browser and the payment processor, thus encrypting payment information for each credit/check card transaction. Therefore, make the right choice for your online store that depends on quality standards, policies, and secures the available sensitive data.

CashU

CashU was set up in 2002 with the sole motivation behind serving clients in UAE yet it has now turned out to be exceptionally mainstream in Europe also. Strangely CashU offers free record creation and has the support charge of 1$ every year which is least in the market. There per exchange charges relies upon the measure of exchange. A total rundown of the considerable number of charges can be found here.

CashU

Recently CashU has additionally begun their virtual charge card administration with the coordinated effort of MasterCard. UAE inhabitants with an enlisted CASHU record will almost certainly make their Virtual MasterCard Prepaid Card immediately, to make payment gateways on web based business entryways that acknowledge MasterCard.

For more details on most popular payment gateways and payment gateway processes or integrating them during your Grocery app development or some other digital assistance reach out at us.

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Upcoming Fintech and Digital Finance Events in MENA

Fintech is booming in the Middle East and North Africa (MENA) as regulators and government agencies in countries including the United Arab Emirates (UAE), Bahrain and Saudi Arabia are pushing for innovation in the financial services industry to improve financial inclusion and keep up with international counterparts.

As fintech innovation continues to grow in importance in MENA, a growing number of events and conferences are being organized in the region this year.

Here are the most anticipated fintech and digital finance events in MENA in the coming months

22nd MFC Annual Conference

May 29 – 31, 2019

TITANIC DOWNTOWN BEYOĞLU hotel, Istanbul, Turkey

Fintech-digital-finance-events-conference-mena-mfc

Running from May 29 to 31, 2019, the 22nd MFC (Microfinance Centre) Annual Conference will tackle the practical side of digitalization in the financial inclusion sector through case studies, trend analysis and discussion of emerging best practice.

This year, the theme will be “Demystifying Digital in Microfinance” and will include a full range of workshops, panel discussions and side meetings to explore different aspects of the digitalization in financial inclusion, including agile ways of working, developing staff digital competency, digital client experience, non-credit digital products, regulatory issues connected with digitalization, financial services for migrants, digital tools for improving financial health, fintechs and financial inclusion, and more.

Token Fest 2019

June 3 – 4, 2019

David InterContinental Hotel, Tel Aviv, Israel

Fintech-digital-finance-events-conference-mena-tokenfest

Token Fest promises to be an exclusive, two-day networking event focused on the business and technology of tokenization. Attendees will gain a wealth of insights and information about the state of the token-based economy while networking with over 2,500 senior level decision makers.

Topics covered during the event will include applied cryptoeconomics, token design, token trading and the future of digital assets, the structure and dynamics of security tokens, ICO blueprint for token crowdfunding, commercialization of blockchain platforms, multi-industry case studies of decentralized platforms, obstacles to mainstream adoption, and more.

Arabnet Beirut

June 12 – 13, 2019

Port of Beirut, Downtown, Beirut, Lebanon

Fintech-digital-finance-events-conference-mena-arabnet-beirut

This year, Arabnet will be celebrating its 10-year anniversary, a decade since it began its journey setting the ground for digital business and entrepreneurship in the MENA region.

To date, the brand has organized 25+ events in Beirut, Kuwait, Dubai, and Riyadh, released 20+ in-depth reports on the different sectors of the MENA ecosystem, and provided up-and-coming startups with a chance to grow and reach high levels of success through our competitions.

Arabnet Beirut 2019 promises to be bigger than ever, a celebration of innovation gathering 3,000+ corporate executives, government leaders, and entrepreneurs under one roof.

The buzzing event is set to bring together 250+ experts and speakers from around the globe, covering a range of topics and will include the Launchpad for startups and investors, Ad/Edge for digital media and advertising, and Finverse for digital banking and fintech.

Finverse will explore the latest trends and opportunities in fintech and banking innovation, diving into chatbots and robo-advisors, big data, blockchain, and the practical opportunities available for banks and financial services providers.

Digital payment

InsurByte 2019

June 12 – 13, 2019

Gulf Convention Centre, Bahrain

Fintech-digital-finance-events-conference-mena InsurByte 2019

InsurByte aims to be the insurtech knowledge-exchange platform in Asia and the Middle East. The event is expected to bring together over 150 companies participating from over 25 countries who will be interacting and showcasing the latest initiatives, innovations and applications related to the insurance industry.

Building on the success of the 2017 conference, InsurByte 2019, in strategic partnership with Bahrain Insurance Association and the Bahrain Institute of Banking & Finance, will provide a platform that fosters synergies among market players to find solutions and promote innovative insurance practices in a collaborative, open and transparent manner.

The conference will host keynote speeches, panels, fireside chats, show and tells, startup pitches, investor sessions, workshops, network sessions and case studies from entrepreneurs, innovation labs, venture capitalist and insurance professionals.

Future of Finance and CFO Summit

June 17 – 18, 2019

Grosvenor House, a Luxury Collection Hotel, Dubai, UAE

Fintech-digital-finance-events-conference-mena-future-of-finance

The Future of Finance and CFO Summit is set to bring together the region’s top CFOs and senior finance professionals to discuss and address challenges and their key initiatives helping shape their businesses successfully.

The summit aims to act as a platform to gain unparalleled insight on cost control strategies through access to a global expert speaker faculty, hear from the leading senior finance experts and discuss the future of the finance industry by looking at what’s operational efficiency and change management.

Participants will also get to learn more about the real value of AI, analytics and other innovative technologies in the finance industry and how it can make operations more efficient and achieve cost control, and much more

Seamless North Africa 2019

June 17 – 18, 2019

The Nile Ritz-Carlton, Cairo, Egypt

Fintech-digital-finance-events-conference-mena Seamless North Africa

Seamless North Africa 2019, organized by the Terrapinn, is held under the patronage of the Central Bank of Egypt and in partnership with the Council of Arab Economic Unity and the League of Arab States.

The event will feature inspirational keynotes from global innovators who are changing commerce in their companies as well as technology leaders from retail, e-commerce and payments across North Africa. It is set to bring together thousands of professionals and will include an exhibition where leading solution providers will showcase a wide range of new technologies.

Blockchain for Finance Conference MENA 2019

June 25 – 26, 2019

Dubai, UAE

Fintech-digital-finance-events-conference-mena-BFCMENA 2019

The Blockchain for Finance Conference (BFC) MENA 2019 will examine the latest blockchain use cases to drive adoption and commercialization within financial services in the Middle East.

The event will explore the role of digital assets and stablecoins, looking at how they can revolutionize financial services globally to improve transparency and accessibility, as well as the latest proof-of-concepts by financial institutions in the region. It will also address how to overcome hurdles around ecosystem maturity to implement the technology, and participants will get to hear from a range of central banks and free zone regulators on their views on blockchain in the Middle East to help financial institutions adapt and collaborate.

ATMIA Middle East 2019

June 25 – 26, 2019

Shangri-La Hotel, Dubai, UAE

Fintech-digital-finance-events-conference-mena-ATMIA Middle East 2019

The ATMIA Middle East 2019 conference will focus on global trends in next-gen ATMs and innovations in digital banking.

The ATM-dedicated conference will offer delegates and exhibitors the opportunity to share experiences and insights with their peers and industry experts from across the Gulf, Middle East and surrounding regions.

Fintech Summit Middle East

June 26, 2019

Intercontinental Hotel Amman, Jordan

Fintech-digital-finance-events-conference-mena-Fintech Summit Jordan

Fintech Summit Middle East will take place on June 26, 2019 in Amman Jordan, and promises to bring together more than 300+ industry leaders, business decision makers, tech innovators , business leaders and disruptive technologists, regulators and academics who are shaping the future of banking and financial services by driving a technological revolution in the industry across the Middle East.

The summit will discuss the latest disruptions and opportunities across the fintech landscape, covering topics including blockchain, online payments and digital banking. This one-day event will focus on fintech with a range of programming, including panels, off-sites and networking opportunities.

Fintech Junction

June 26 – 27, 2019

Avenue Convention Center, 1 Hasharon St. Airport City, Israel

Fintech-digital-finance-events-conference-mena FinTech Junction

Fintech Junction is an international annual conference on fintech taking place in Israel. This year, Fintech Junction is expected to bring together 1,500+ professional attendees from Israel and from around the world including CXOs, entrepreneurs, investors, innovation and fintech leaders from leading startups, banks, financial institutions, hubs, accelerators and investment companies.

The event will cover the latest and hottest trends shaping the future of financial services, including open banking, blockchain, cryptocurrencies, ICOs, regulation, cybersecurity, AI, P2P platforms, startups and venture capital and much more.

Oman Islamic Fintech Forum 2019

June 26 – 27, 2019

Muscat, Oman

Fintech-digital-finance-events-conference-mena Oman Islamic fintech Forum 2019

Oman Islamic Fintech Forum 2019 (OiFF2019) aims to become the exclusive Islamic fintech reference in Oman. This event will bring industry experts from various fields of expertise including regulators, bankers, entrepreneurs, investors, and IT experts to share their experiences and insights in developing the fintech ecosystem for Islamic finance in Oman.

OiFF intends to set the stage in the Middle East for Islamic fintech experts to meet and share their expertise in order to assess Oman’s potential in embracing Islamic fintech to promote economic growth and develop the industry of Islamic finance.

Saudi Fintech Forum

September 2019

Riyadh, Saudi Arabia

Fintech-digital-finance-events-conference-mena-saudi-fintech-forum

The Saudi Fintech Workshop is set to bring together business leaders and technology innovators to collaborate on the re-invention of technologies, processes and products through digital transformation. The event will explore how to increase efficiency and agility with operational excellence, while creating customer-obsessed experiences that grow revenue and re-invigorate your business. It will include case study presentations and panel discussions.

The workshop is designed to host 100+ senior professional from banks, insurance companies, brokers, bancassurance, and fintech companies to discuss their strategies for digital transformation. It will address the key issues of financial transformation and innovation by bringing on board expert speakers from the industry to address and provide updated information and solutions to the challenges facing the industry.

Key topics to be covered include blockchain technology, mobile, the future of fintech in Saudi Arabia, the Internet-of-Things, machine learning, artificial intelligence, and more.

9th Annual Middle East Banking Innovation Summit

September 3 – 4, 2019

Jumeirah Emirates Towers Hotel, Dubai, UAE

Fintech-digital-finance-events-conference-mena-banking-innovation-summit-middle-east

The Middle East Banking Innovation Summit claims to be the largest banking technology platform in the region, bringing together banking leaders, fintech experts and over 450 senior experts and leaders to discuss the future of banking.

The Middle East Banking Innovation Summit 2019 will focus on various disruptive technologies, new banking regulations and emerging key trends impacting this sector. The must-attend summit will explore the latest developments in the banking industry, with the sole purpose of emphasizing the impact of technology and innovation in this sector.

Fintech Abu Dhabi

October 21 – 23, 2019

Abu Dhabi National Exhibition Centre, Abu Dhabi, UAE

Fintech-digital-finance-events-conference-mena Fintech Abu Dhabi

Fintech Abu Dhabi is a leading fintech festival in MENA that’s set to bring together this year 5,000 influencers and innovators who are pioneering the new wave of innovation across financial services.

Building on the success of the previous two editions of Fintech Abu Dhabi, ADGM has partnered with Unbound, a global innovation ecosystem builder with a successful track record of creating innovation events around the world.

This third edition will explore the next frontier of fintech and innovation and intends to be the meeting point for the global fintech community in 2019, featuring many country delegations, a new global challenge format, a Fintech World Tour, the inaugural Fintech Abu Dhabi Awards for Excellence and a showcase of the world’s most promising fintech startups and scaleups.

Enterprise Fintech Summit

October 28 – 29, 2019

Dubai, UAE

Fintech-digital-finance-events-conference-mena-enterprise-fintech-summit

The Enterprise Fintech Summit, taking place on October 28 and 29, 2019 in Dubai, will host more than 600 leading banking, financial services and insurance (BFSI) decision maker across Middle East. These will privately meet to discuss sector transformation and disruptive topics such as banking 2025, digital DNA, regtech, micro-financing, artificial intelligence, robotics, financial inclusion, blockchain, and real-time data analytics.

Finovate Middle East 2019

November 17 – 19, 2019

Dubai

Fintech-digital-finance-events-conference-mena finovate middle east

Finovate Middle East 2019 is set to bring together the region’s fintech community to showcase cutting-edge banking, financial and payments technology. The event is set to attract more than 400 senior financial and banking executives, venture capitalists, press, industry analysts, bloggers, regulators, and entrepreneurs from across the UAE.

Participants will see the latest fintech innovations demoed live on stage and hear insights from global financial services experts.

The Global Islamic Fintech Huddle 2019

November 25, 2019

Manama, Bahrain

Fintech-digital-finance-events-conference-mena-islamic-fintech-huddle

The Global Islamic Fintech Huddle is an international gathering of industry influencers and fintech visionaries passionate about using technology to drive financial inclusion in a Shariah compliant and ethical manner.

Featuring a series of high-level panel discussions, demo sessions and networking events, the Huddle is designed to be the epicenter of Islamic fintech ideas and innovation with the primary objective of connecting all stakeholders of the Islamic fintech ecosystem startups, investors, policymakers and intermediaries, to facilitate the exchange of ideas and create new collaborative business opportunities.

BlockOn 2019

December 5, 2019

Manama, Bahrain

Fintech-digital-finance-events-conference-mena-islamic-fintech-huddle-blockon

BlockOn 2019 aims to provide a platform for knowledge exchange that fosters synergies among market players to find solutions, and helps implement and promote innovative blockchain practices in a collaborative, open and transparent manner.

BlockOn 2019 aims to provide a platform for knowledge exchange that fosters synergies among market players to find solutions, and helps implement and promote innovative blockchain practices in a collaborative, open and transparent manner.

BlockOn 2019 will gather the blockchain community to investigate the challenges and opportunities of blockchain technology on multiple perspectives. Live panel discussions will probe deeper into what it takes for blockchain solutions to be successful and how this new and exciting technology can be applied for data integrity, trust and accessibility.

source :http://fintechnews.ae/4277/events/fintech-digital-finance-events-conference-mena/

Ways to Get Paid as a Freelancer or Consultant in UAE

What’s simply the distinction between being self-employed and being a freelancer?

So you’re doing contract work for an association. You’re not their worker, yet does that make you self-employed, or a freelancer? The distinction can be befuddling. In case you’re independently employed, that implies that you in fact possess your very own business. Be that as it may, it’s solitary independent work on the off chance that you do it in the interest of another organization or association, not state, a free handyman working for private property holders. That is the reason freelancers can lead their business under their very own name, instead of a brand name. All freelancers are independently employed however not all independently employed individuals are freelancers.

Can I legitimately freelance in Dubai if I’m not a citizen or resident?

As a rule, you should either be utilized by a UAE organization or wedded to a legitimate UAE inhabitant to work from Dubai. Be that as it may, for sure sought after businesses, the UAE government issues impermanent work visas for unique, charge absolved “free zones” inside the city. Each free zone is a geological territory that enables foreign freelancers to build up organizations for a particular business area, for example, structure, improvement, and media. The accompanying free zones permit freelancers.

  • Dubai Media City
  • Dubai Studio City
  • Dubai Production City
  • Dubai Knowledge Park
  • Dubai Design District
  • Dubai International Academic City
  • Abu Dhabi Twofour54
  • Fujairah Creative City

To turn into an authorized freelancer, you should initially enroll your venture as a business and apply for a Trade License that relates to your business division from the Department of Economic Development. An independent exchange permit conveys a one-time charge of roughly 16.000 dirhams, or around €3850 ($4350).

Beside the fundamental Trade License expense, every one of Dubai’s sans 27 zones has its very own enlistment systems and charge structure. Some additionally require a business person to have a base measure of startup capital.

You can endeavor to get your freelance business on its feet all alone, yet it’s astute to counsel with a business improvement expert. Numerous who do, find they’re ready to start freelancing snappier and with less headaches after consulting a specialist.

Your Trade License may expect you to lease some measure of office space. In case you’re filling in as a solo freelancer as opposed to building a business with a full staff, you might need to investigate a cooperating space. Cooperating spaces work like workplaces, yet as opposed to being controlled by a solitary organization, freelancers pay a month to month expense for access. They can be a reviving break from the tedium and depression of telecommuting.

How would I get paid from abroad?

QR code, payment link, Payment gateway to accept payments anywhere. Foloosi suits business of any size. Get Foloosi accepted in your online store, offices, restaurants and more. Also it can be customizable to fit your needs and thus grow your business

Create. Share. Get Paid instantly with Payment Links

Create and share payment link via an email, SMS, messenger etc, and get paid

  • Create a payment link
  • Share link with customer
  • Customer Pays
  • Get instant alerts
Foloosi Technology - Payment Gateway UAE

To get payment and have the biggest sum left over when you gather, out TransferWise an attempt. That way, your cash will be changed over at the genuine swapping scale – a similar one you’ll discover on Google – and that should return more cash to your pocket.

The Transfer Wise multi-cash Borderless record is most likely most appropriate to your necessities. A borderless record enables you to have “nearby bank” status in either the EU, UK, or US, yet dwell in an alternate nation, and send, oversee, or get cash through the record in many monetary standards, including Emirates dirhams.

Do’s and Don’ts s of freelancing in UAE

  • Do get officially licensed
  • Do find a working environment that works for you
  • Do enjoy the flexibility
  • Don’t forget to keep on top of your cash flow
  • Don’t bow to pressure to put in extra hours
  • Don’t be afraid to ask for a down payment

Payments Landscape in the UAE: Opportunities and Risks to 2022

Payments Landscape in the UAE: Opportunities and Risks to 2022”, report provides detailed analysis of market trends in the Emirati cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2014-18e).

The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2018e-22f). It also offers information on the country’s competitive landscape, including market shares of issuers and schemes.

Get Sample Copy of This Report at@ www.orbisresearch.com/contacts/request-sample/2701953

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

Key Leading Companies Mentioned:
Emirates NBD
Dubai Islamic Bank
First Abu Dhabi Bank
ADIB
Emirates Islamic
Abu Dhabi Commercial Bank
RAKBANK
Mashreq Bank
HSBC
Commercial Bank of Dubai
Standard Chartered
Citibank
National Bank of Abu Dhabi
First Gulf Bank
Mastercard
Visa
American Express
Diners Club

This report provides top-level market analysis, information and insights into the Emirati cards and payments industry, including –
– Current and forecast values for each market in the Emirati cards and payments industry, including debit, credit, and charge cards.
– Detailed insights into payment instruments including cash, cards, credit transfers, direct debits, and cheques. It also, includes an overview of the country’s key alternative payment instruments.
– E-commerce market analysis.
– Analysis of various market drivers and regulations governing the Emirati cards and payments industry.
– Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Scope

– To strengthen consumer confidence in card-based payments, the Central Bank of the UAE issued a notice prohibiting the double-swiping of payment cards at point of sale (POS) terminals. The move is intended to prevent unauthorized storage of card holders’ information. Once the card is swiped for the first time at the POS its details are briefly stored within the POS terminal’s memory before being transmitted to the payment processor. The second swipe might provide the opportunity for malware installed on the terminal to copy the card data. According to the central bank, almost all merchants in the country have complied with the new regulation.
– To boost the e-commerce market, in October 2017 the Dubai Airport Free Zone Authority and wasl Asset Management Group announced the launch of e-commerce free zone Dubai CommerCity, the first free zone dedicated to e-commerce in the Middle East and North Africa. The free zone is designed to provide government, administrative, customs, and logistics services to e-commerce companies. It allows local and international manufacturers to store their goods in warehouses to be shipped to the local market. Free zones offer various incentives to e-commerce traders, such as no taxes on personal income or capital gains, no corporate taxes, no duties on the import or export of goods, provision of 100% foreign ownership, and 100% repatriation of capital and profits. The rise in e-commerce activities will drive electronic payments in the country.
– In April 2018 the government introduced Emirates Blockchain Strategy 2021. The strategy aims to use blockchain technology for 50% of government transactions in order to reduce costs and free up resources over the next three years. The adoption of blockchain technology is expected to generate AED11bn ($3bn) in savings associated with transaction and document processing.

Reasons to buy

– Make strategic business decisions, using top-level historic and forecast market data, related to the Emirati cards and payments industry and each market within it.
– Understand the key market trends and growth opportunities in the Emirati cards and payments industry.
– Assess the competitive dynamics in the Emirati cards and payments industry.
– Gain insights into marketing strategies used for various card types in the UAE.
– Gain insights into key regulations governing the Emirati cards and payments industry.

Source : https://newstechmarkets.com/2019/05/03/payments-landscape-in-the-uae-opportunities-and-risks-to-2022/

How Foloosi helps retail businesses in UAE?

Regardless of whether you’re a substantial endeavor or a private company, Foloosi offers a wide scope of solutions for reevaluate retail and enhance the purchaser experience.

“The capacity to utilize Foloosi at all of the spots they shop online — and now the majority of the spots they shop offline— is the epitome of our decision and association methodologies. This is a genuine success for the customer, the trader and the money related organizations whose cards they are utilizing to support their virtual Foloosi accounts.”

The challenge of digital payments is giving shoppers a generally excellent motivation to bring an end to their old payments habits.

Foloosi has dependably trusted that merchants, and not simply shoppers, must be in charge of digital wallet appropriation. From drug stores and accommodation stores to snappy administration eateries and bistros to claim to fame retail, all shippers are fruitful ground for actualizing a more extensive assortment of payment strategies into regular business encounters. The more traders that do as such, the more purchasers will pursue.

Foloosi said, sees a real opening for consumers to more easily use their accounts in-store to bolster efforts for the retailer to know who’s walking into their storefronts so they can engage with the consumers at a deeper level.

Foloosi provides grade Payments Solutions for all Retail Business

  • Add Payments to your Offline and Online POS
  • QR code has order information and amount
  • With a single tap customers can make payment from Foloosi app scan
  • Ideal for vending machines and billing POS
  • In the case of merchants they can scan customer’s QR code to debit amount
  • Super quick payment to address queuing woes
  • Ideal for quick service restaurants and supermarket

Foloosi helps retailers to accept payments using QR code without the need of any POS machine. Folossi provides the following for the retailers.

Foloosi - QR Code Technology
  • No payment fee
  • No Setup fee
  • No need of any infrastructure
  • No annual fee

Foloosi – UAE Digital Payments Solution

A secured payments platform for users to complete their daily transactions, making it simple and fast, without having to reach for physical wallets.

The mobile digital wallet “Foloosi” is the future beyond the paper money. Henceforth, in line with the governments’ relentless efforts to move towards the digital economy, we launched the Foloosi, an integrated mobile digital wallet that provides all citizens and residents with multiple benefits to manage their everyday financial needs.

According to the UAE central bank and the online comparison site compareit4me figures, around 75% of the economy is cash based; furthermore, 85% of residents prefer cash-on-delivery over credit card payments.

Foloosi provides a complete digital wallet and payments platform for a convenient, reliable and safer transactions.


Several benefits of Foloosi include:

  • Send and receive money to family and friends instantly and around the clock
  • Ability to pay to a business partner directly in-app or through the smart QR code technology.
  • Enable individuals to pay bills, invoices and follow up their payments.
  • Ability to fund the account using a credit card or prepaid cards issued in the UAE, and through thousands of deposit machines deployed in the country as well as licensed agents.
  • WPS – Wages Protection System is an electronic salary transfer system that allows institutions to pay workers’ wages and Foloosi is looking to utilise this niche market of 15% labour force.
  • Remittance for expat labour targeting three countries – India, Pakistan and the Philippines.

Foloosi is helping kids to use money in a fun way within a safe environment by being the first digital wallet to allow parents to empower their children in making real money decisions. Money handling tips will be provided to kids within the app and they can make use of it. Empowering children to spend money wisely has an effect on the growth of their financial intelligence and Foloosi has packed the Child’s app with feeds on financial tips. Foloosi will look to partner with educational institutes to make this app more powerful and meaningful.


We have the following MVP at hand in working test mode:

  • User Android App (Play store)
  • User iOS App (SDK)
  • Business Android App (Play store)
  • Business iOS App (SDK)
  • Merchant CRM Panel
  • Agent CRM Panel
  • Admin CRM Panel

Source : https://www.f6s.com/foloosi-digitalpaymentssolution/about

UAE-based payments start-up Foloosi has launched offering cashless transactions through a digital wallet

Foloosi says it will let users complete their daily transactions without having to reach for their physical wallets. The idea is to act as a mobile wallet so users can carry their credit card or debit card information in a digital form.

In an interesting use of words, Foloosi explains that it provides gateway solutions to online businesses through its “progressive and award-charming technology”.

This gateway connects the buyer and agent for any online payment transaction. The value stored on the wallet can be paid in exchange for any goods or services purchased online.

Along with businesses, the start-up is targeting the “student” market. It seems the firm means children.

Foloosi says parents can send and track money to their “kids”. Features include a family allowance application to track stipends – “power to kids, no pestering for parents!”

There are also money-handling tips and child friendly stores. The latter will display kids’ toys and books, so they can spend their allowances under the parents’ control.

The company was founded by Omar Bin Brek. He is also currently listed as an entrepreneur at the Sharjah Entrepreneurship Centre in the UAE. Albreki says he is “refining and developing” Foloosi at the Sheraa incubator programme.

Prior to Foloosi, Bin Brek founded iDeliver2 in London. This was an “on-demand 24-hour delivery service” – such as for documents or food.

Bin Brek confirmed to FinTech Futures that the name Foloosi is a reference to “faloos” – Arabic for “money”.

Source : https://www.bankingtech.com/2018/06/uae-digital-payments-start-up-foloosi-fires-up/

Foloosi – Middle East and Digital Wallet

Middle East and Digital Wallet

Regardless of whether it was an internet browser that recollected that you credit card or a millennial customer purchasing an espresso with their cell phone, chances are you’ve most likely run over some type of Digital wallet amid your shopping in the previous year. Digital wallets are proceeding to pick up footing all inclusive just as in the Middle East and it’s gradually changing the manner in which we consider payments.

In this blog we are going to see about digital wallet and what’s happening in the right now that may lead to a digital wallet revolution in the coming years.

What is a digital wallet?

  • An application on the mobile phone that processes electronic payments
  • A mobile device that has a secure element associated with it that allows important financial and personal data to be stored on the phone
  • A service that lets users integrate payment, loyalty, account history, and financial instruments all in one application
  • A service that is usually targeted to cardholders, although some offers do focus on merchants

A digital wallet is basically precisely what it sounds like: a “wallet” that lives on an digital platform, (for example, a cell phone or internet browser) rather than in your pocket or tote. The innovation gives an advantageous method to arrange your installment strategies and eventually pay for merchandise and ventures without the need to convey anything over your cell phone.

How do digital wallets work?

A customer can utilize all of their stored information simply by opening an app on their phone, entering in a PIN, password or fingerprint and then selecting the information they need to access. The app then utilizes information transfer technology such as Near-Field Communications (NFC) to interact with mobile wallet ready payment terminals.

  • Mobile wallets store your credit or debit card securely
  • They may also store your loyalty cards, coupons, tickets, etc
  • They communicate with terminals using a variety of technologies

That’s where you come in as a small business owner. Without a device that receives mobile wallet information, you won’t be able to take advantage of this increasingly popular payment mechanism.

Digital wallets and Middle East

When taking a gander at the ascent of digital wallets internationally, there are three fundamental factors that are at present driving interest: innovation, socioeconomics and development. For Middle Eastern markets, these variables are especially fascinating the same number of nations in the locale is seeing sensational changes over each of the three that will majorly affect the digital wallet use in the coming years.

As far as innovation, the significant main thrust is the expanding infiltration of top of the line cell phone gadgets. As almost all cutting edge cell phones can go about as a digital wallet, this pattern has prompted almost universal portable wallet entrance, regardless of whether numerous buyers are not utilizing (or even mindful of) the component. At this stage the test is more about shopper training and boost than access to the innovation.

Notwithstanding the positive innovative move, socioeconomics are additionally pushing toward expanded digital wallet use. As recent college grads and Gen Xers progressively expect their cell phone to control their lives (think internet based life, web based shopping, voyaging, and work), merging installments into a similar gadget turns into an alluring and legitimate subsequent stage.

Foloosi Pay

The third factor, development, is likewise grabbing hold over the area with an expanding populace of business visionaries who are anxious to take care of old issues by utilizing new innovation.

Finally, while the innovation is still at the early selection stage, digital wallets have just considerably affected different parts of the payment scene. For retailers and E commerce platforms alike, digital wallets are turning into a basic device for overseeing payments.

For high-recurrence organizations, similar to basic needs and petroleum stations, quicker payment handling and a decrease in real money exchanges can possibly improve effectiveness. In eateries, advanced bill conveyance and payment can quicken table revolution and decrease staffing necessities. For retail, digital wallets take into account simpler to execute dependability programs and can even consider progressively nitty gritty purchaser conduct following.

Digital wallets offer a range of benefits to both consumers and the business communities

Foloosi Technology, a payment gateway UAE brings to you easy to use options that are designed to be accessible, convenient and simple backed by reputed partners to provide security and a credible and reliable customer experience.

Foloosi Payment

Foloosi Technology, online payment gateway UAE provides a convenient way for a user to make in – store payments and can be used at business listed with the Foloosi Technology service provider.

Scan and pay instant using Foloosi app!

Foloosi – Create a payment link and Get paid Instantly

Foloosi Technology, online payment gateway UAE, provides a convenient way for a user to make in – store payments and can be used at business listed with the Foloosi Technology service provider. It brings easy to use options that are designed to be accessible, convenient and simple backed by reputed partners to provide security and a credible and reliable customer experience.

In UAE, payment gateway is provided only for those who owns a business or run a reputed website/ app. Payment gateway will not be provided for the individuals, merchants who run a business without a website.

Foloosi technology brings a marvelous solution to the above problem and hence introduced the first and foremost payment option called “Payment Link” which can be benefitted by the merchants and individuals to get their payments using payment link though they don’t own any website to sell their products

List of Best Payment Gateways For UAE

What is Payment Gateway?

Payment gateways are a standout amongst the most essential highlights of any online internet business store. The principle inspiration driving the achievement of any online business is, the means by which well clients are changing over. Presently for clients to really purchase anything from your site, first they need trust in your store. Payment gateways can assist you with developing that trust. As indicated by Woocommerce having an appropriately set-up payment gateway door framework makes dependability as well as essentially drops the relinquished truck rate.

To get your bit of pie it is critical for you to invest some energy in choosing which payment gateways passages you should offer on your store. There are such a significant number of choices for payment gateways entryways that it winds up hard to pick one as you need to see your own comfort just as clients. We have recorded beneath probably the best Payment gateways with their upsides and downsides, this will assist you with deciding what you need and what you don’t.

In UAE, payment gateway is provided only for those who owns a business or run a reputed website/ app. Payment gateway will not be provided for the individuals, merchants who run a business without a website.

List of Payment Gateways in UAE

1. Foloosi

Foloosi Technology, a payment gateway UAE brings to you easy to use options that are designed to be accessible, convenient and simple backed by reputed partners to provide security and a credible and reliable customer experience.

Foloosi - Logo

For Android :
https://play.google.com/store/apps/details?id=com.foloosi.customer&hl=en

For iOS :
https://itunes.apple.com/us/app/foloosi/id1424241732?ls=1&mt=8

Foloosi Technology, online payment gateway UAE provides a convenient way for a user to make in – store payments and can be used at business listed with the Foloosi Technology service provider.

2. Telr

At first known as Innovate Payments, it was once considered as a standout amongst the best new businesses of UAE. Telr offers its administration in excess of 120 monetary forms around the world. One of the remarkable highlights of Telr is that they offer their administrations in creating nations like Indonesia and Pakistan. Their yearly support cost is $ 95, $27 and $13.5 for section, little and medium dimension accounts separately.

There is additionally no charges on the settlement to the trader represent the section level arrangement. Their administration charges are referenced underneath: