Foloosi, a UAE Fintech startup facilitating consumer-to-business card payments

foloosi

Foloosi is a UAE Fintech startup facilitating consumer-to-business card payments by enabling the business to display QR code, Payment Link and API integrations for the customer to scan & pay

What is Foloosi?

Press Release

Foloosi ( https://www.foloosi.com ) is a UAE Fintech startup facilitating consumer-to-business card payments by enabling the business to display QR code, Payment Link and API integrations for the customer to scan & pay.

Foloosi offers a complete technically advanced digital solution, which seamlessly connect consumers with businesses to provide actionable flow of events resulting in a fast and secure way of making payments based on QR codes and card networks.

Foloosi enables businesses in the UAE to get paid using QR code technology without the need of POS machine or any additional hardware. While the payment is deducted instantly, the merchant can also receive instant payment notifications.

Mission of Foloosi

World is going faster day by day with the power of digital information & technology. Our mission includes,

  • To make digitized payments/ transactions throughout UAE reforming the cash payments
  • To provide easy payments for customers to pay bills, recharge, book tickets, scan and pay etc and make them to enjoy their life
  • Enables business owners to accept payments without the need of any POS/ swipe machine or any other larger infrastructure

Products of Foloosi

QR code

Retailers can accept payment easily from customers just by generating one QR code. Customers can make payment using Scan & pay option. Customers can scan the item QR codes as they shop and can pay within minutes without queuing.

Payment link

Foloosi technology offers a marvelous solution to the likes of freelancers by enabling them to share payment web links with their clients through multiple means such as email, sms, whatsapp, social networking apps and sites.

Payment link is sending a payment request to get paid instantly.

Payment gateway

API documentation for websites is available as an option for merchants who want to accept payments on their own websites.

Businesses can accept payments in their mobile app/ website with Foloosi payment gateway API and customers can pay on merchant’s website.

Subscription

Enable recurring payment schedule, control the billing cycle and get instant alerts on subscription activity with Foloosi Subscriptions. All to do is to link a plan to the customer.

Foloosi help its merchants to offer customer subscription plans to their customers with automated recurring transactions on various payment modes, through a platform that’s built for automation.

Need of Press Release and target audience

In order to make use of Foloosi- digital payment solution by all the individuals and retailers of UAE we are launching this press release. Our target audience includes from small startups to larger organizations. All can make use of this digital payment solution and enjoy transaction in a quick and easy manner.

Benefits for customers

  • Enjoy recharges, bill payments at the tap of your fingers
  • Book tickets for events
  • Scan and pay to businesses
  • Secure and easy digital transactions with history
  • Reward points and Local shopping

Benefits for business owners

  • Accept every payment
  • Fast bank settlements
  • Secure payment
  • Good success rate
  • Business growth insights
  • Increased revenue
  • Business management

What Founder says about Foloosi?

Or

Founder says…

Mr. Omar Bin Brek, founder of Foloosi says, “Our aim is to bring innovative payment transactions throughout UAE. We developed Foloosi technology platform in order to make transactions simple, fast and secure and to reform older method of transaction i.e. cash payments and our technological innovation solves the teething problem of processing payments”

Source :
https://www.zawya.com/mena/en/press-releases/story/What_is_Foloosi-ZAWYA20190427052837/

https://magnitt.com/news/heres-everything-you-need-know-about-foloosi-uae-fintech-startup-facilitating-consumer-business-card

© Press Release 2019

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