Foloosi Crosses AED 1 Mn Bi-Annual Gross Transaction Value

Foloosi 1Million Transactions

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 in a tap.

We are very glad to announce that our bi-annual gross transaction value (GTV) had crossed one million AED since going live in January 2019. This is not possible without our Foloosi community, business partners and followers.

Foloosi’s CEO & Co-founder Omar Bin Brek said

We as a team believe that this is the best and ever-green Eid gift reaching our milestone is something special to be celebrated.

We thank our Foloosi community, business partners and followers with grateful heart and wishing them all a happy and prosperous Eid.

Foloosi enables a digital economy empowerment for local businesses, operating merchants and most importantly the e-commerce sector. Foloosi features a wide range of advanced technological products on its modern platform – including the core function of ‘Scan to Pay’ feature, which allows a business to accept card payment by displaying QR code technology.

We have a unique offering, since no other digital platform in our region serve to onboard businesses and consumers alike while complimenting the banking system using the QR code technology.

We distinguish ourselves by offering local financial intelligence educational feeds using machine learning techniques and artificial intelligence, besides great user retainment features such as social event bookings.

Together we have come up with a fresh concept, in line with the UAE’s 2021 vision, complimenting the banking system and an ambitious but achievable plan to build into a thriving new business.

Foloosi’s Co-founder, Mohan K outlined

Foloosi enables simple and easy way to accept, process, disburses payment solution for businesses. We help businesses by providing payment gateway, payment link, subscriptions and POS software. Foloosi payment solutions can be integrated by both web and mobile applications

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