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