How Startups Can Accept Online Payments in UAE?

Beginning an online business has never been as worthwhile as it is today. The quantity of new businesses in the digital space has developed significantly over the recent years. Some may state it’s a prevailing fashion, yet we have faith in the pioneering soul of UAE. It’s an incredible chance to begin an online business, particularly since UAE is grasping digital payments to an ever increasing extent.

Startup business visionaries for the most part center around different business angles like structure an alluring and useful site, guaranteeing the gracefully chain is solid, and that’s just the beginning. Be that as it may, aside from these, online organizations ought to likewise concentrate on the most ideal approach to gather payments.

Online digital payments can be acknowledged by organizations through numerous ways, each with its own arrangement of favorable circumstances and difficulties. The key channels are:

1) Integrating with a bank’s payment gateway – A payment gateway provided directly from a bank (also called a second party payment gateway) allows online businesses to process payments via debit cards, credit cards and net banking and is supported through platforms such as Visa, Mastercard, among others. 

From the cost angle, organizations should pay an underlying arrangement charge and exchange expenses or TDR (Transaction Discount Rate), which is a level of the exchange an incentive for all exchanges prepared through the passage.

While the whole system looks straightforward in principle, integrating with a bank’s payment gateway is often challenging and tedious for startups.

2. Integrating with a third-party payment gateway – 

A simple and effective approach to process online payments is through an outsider payment door. Such payment portals additionally gather TDR on exchanges while arrangement expenses might possibly be relevant, contingent upon the solution provider

Similar to banks, these gateways also facilitate payments made through debit cards, credit cards and netbanking. In addition to this, many solution providers, like Foloosi, also allow merchants to process digital payments through multiple channels like prepaid digital wallets and recently, and several digital wallets. This way, online businesses have the agility to accept payments through practically every online digital mode.

While by all accounts, third-party payment gateways appear to be like bank payment portals, they are in truth unmistakably more easy to understand, open and simple to coordinate, particularly for first time new businesses.

Accepting payments beyond a payment gateway

Setting up an payment gateway works for online organizations that have a site or an application. In any case, imagine a scenario in which you don’t. Does that mean you won’t have the option to acknowledge digital payments? Nothing could be farther from reality.

Foloosi offers solutions for businesses to accept payments even without a website or an app. Here’s how.

Get paid instantly with Payment Links

If you don’t have a website or an app, you can easily create a Payment Link from your Foloosi Dashboard and send it to your customers via email, SMS, messengers, chatbot, etc. 

Indeed, even with a Payment Link, your client can look over a plenty of choices to finish the payment. Foloosi Payment Links can be utilized by organizations without a site, just as organizations with a site that require another payment strategy. It is a keen method to gather payment, which accompanies highlights like mass transfer and incomplete payments.

Foloosi’s Payment Link

Merchant, individuals etc can accept payments from customers just by sending a link. They can share payment link via SMS, Email, messenger etc and can get paid instantly.

  • Instant account activation
  • Get paid instantly- Get money in your bank account instantly
  • Accept every payment- Get paid using credit card/debit card, net banking, UPI

How to accept payments using “Payment Link?

Create a payment link via API or dashboard- To create a payment link details like customer’s name, amount, phone number, Email are required

Share the payment link via Email or SMS

  • Now customer pays through online payment- They can pay using credit/ debit card, net banking, online wallet, UPI etc
  • Notification is received once the payment is completed

PAYMENT LINKS FOR YOUR BUSINESS

BUSINESS WITHOUT WEBSITE

It is not necessary to worry about that you need not have any website/ app for selling. Make your customers pay online just by sending payment links.

ALTERNATIVE PAYMENT OPTION

You can substitute payment link for cash on delivery and point of sale payment methods in your business

SOCIAL MEDIA SHARING

You can give your customers a quick check out option by sharing payment link over social media platforms like Facebook, Instagram, whatsapp etc

We also provide the following features in our “Payment Link” Platform

PERSONALIZE

You can customize the payment request page from your dashboard to extend your brand

API DRIVEN

Our powerful APIs helps to automate the generation and collection of payments for all aspects of payment links

DASHBOARD REPORTS

Use the real time data and reports available on the dashboard to take business decisions

INVOICES

You can send your customers Invoices with item level details to accept online payments through debit/ credit card, net banking, UPI etc

SUBSCRIPTIONS

You can offer your customers subscription plans with automated recurring transactions on various payment modes

Thus make use of “Payment Link” provided by Foloosi and get paid instantly in a safe and secure manner

How to choose the best payment gateway?

Picking the correct payment gateway is basic to encourage the payment procedure of any online store. This arrangement permits traders to have full power over the payment stream while improving the specialized association with card acquirers. In any case, there are numerous arrangements out there. In view of this, we have prepared a concise manual for help online retailers pick the best choice for their stores.

What is a Payment Gateway?

A payment gateway is a specialized solution that permits online stores to process payments. It comprises of a back-end administration that associates the online shop with card acquirers, safely moving the payment data between them. It fundamentally fills in as what could be compared to the POS machines. Shippers build up a legally binding relationship and get the funds collected directly from the card acquirers.

The most effective method to choose a Payment Gateway 

There are a few focuses that ought to be considered while thinking about an payment portal. To encourage the way toward choosing, we have arranged a rundown with the most applicable focuses dealers should remember:

Similarity: A significant point is to check if an payment portal is perfect with an online store e- commerce platform. This ought to be the primary thing to be completed, as there is no reason for checking everything else if a payment passage can’t be incorporated with an online store except if dealers are happy to move their stores to an alternate stage.

Reconciliation: A great payment portal ought to be anything but difficult to coordinate into any web condition. It ought to be good with shop frameworks or programming language and give consistent coordination. Card acquirers regularly change their mix parameters, which powers dealers with immediate acquirer coordination to modify their innovation incorporation. Then again, a payment portal ought to tackle this issue for vendors by adjusting its foundation to the acquirers’ changes, furnishing on the web organizations with a steady and reliable integration

Security: The payment business has severe security norms that a payment portal should be consistent with. Vendors must ensure that the picked passage follows all measures, particularly PCI DSS, a standard made by Visa and Mastercard that guarantees that the paymeny door is secure to store charge card subtleties. By having an exclusive stage, the gateway can rapidly adjust to dealers’ and market needs. In like manner, it likewise appreciates greater security as there are no outsiders with access to its framework and greater adaptability to make, test and improve inventive solutions

Compromise: Ideally, a payment gateway ought to give a progression of extra assets, for example, business insight with reports and redid diagrams for a superior comprehension of the whole business activity. 

Usefulness: The payment gateway ought to give fundamental and propelled functionalities, for example, a single tick and repeating payments, which help improve the payment experience, just as pre-approval, that can purchase shippers some an opportunity to run extra hazard examination, fractional catch and multi-acquirer reattempt.

Extortion anticipation: A Payment gayeway itself doesn’t filter any payment transaction; however it ought to be good and incorporated with misrepresentation counteraction arrangements. Some gateway suppliers will have their exclusive devices and others will be coordinated with outsider enemy of extortion services, which permits dealers to include the administration without the requirement for extra specialized usage

Direct checkout: Choosing a payment gateway that can be utilized behind the shipper’s own checkout page gives traders higher transformation rates. This happens for the most part since purchasers feel a more noteworthy suspicion that all is well and good when they don’t need to leave the stores’ sites to finish the payment, what’s more, to abstain from adding another progression to the checkout procedure.

Backing: Another pertinent point is technical support. Shippers should ensure an payment door is prepared to furnish them with quick and skillful technical support.

Expenses: Usually, there is a setup fee that dealers must compensation before executing the payment gateway platform. The payment passages for the most part charge expenses per exchange created, for both finished and bombed exchanges. The expenses apply to payment, discount and chargeback exchanges. Costs alone shouldn’t be a deciding element. We emphatically suggest dissecting the various focuses too to pick the payment portal that best suits an internet business needs.

It is important that the utilization of a payment gateway is regularly a superior option for shippers with bigger deals volumes as it permits them to decrease their general expenses. A gateway setup requires an organization to have a specific structure to deal with all the legally binding connections and procedures. Thusly, if a business comes up short on this structure, a payment processor offering collection services, where the payment processor holds any agreements with card acquirers and is liable for moving the cash gathered to the dealers may very well be the best alternative. On the off chance that shippers despite everything need to have certain authority over payments, picking a supplier that offers a half breed model can be the solution.

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.

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.

Foloosi was founded in 2018 and launched its product in the year 2019 that enables simple and easy way to accept and process payment solution for businesses. 

Foloosi introduced a new feature, Pickup and Delivery which helps both the merchants and their customers

Log in to the merchant panel; add products with its description which is now listed in the business section of customer app.

Customers can view the product, once they ordered; a message box will be displayed asking the customers to select pick- up/ delivery. When they select the delivery option, they will be taken to the page to add their address. Once it is done payment is processed including the shipping fee to the Foloosi merchant

Now the merchant can deliver the product to their customers at their doorstep.

This new feature of Foloosi helps UAE merchants to reach their products at every nook and corners of UAE. They can sell their products not only in metropolitan areas, but also in pastoral areas

How online fraud affects online traders?

To all the more likely comprehend the loss of business and development open doors for online organizations because of fake transactions; we should accept two distinct situations. These situations outline how precisely the trader’s business would be placed in danger because of an absence of strong anti-fraud protections:

BEARING THE LOSS OF FRAUDULENT TRANSACTIONS 

In the event that a client accepts that their card has been utilized for a false transaction on a site, they can raise a caution and banner this to their bank. On the off chance that the bank concurs with the client that the exchange is in certainty fake, the client would get their cash back—and the effect of the discount in such a situation would be borne by the vendor. Furthermore, while the dealer would have conveyed the products to somebody, a deceitful miscreant for this situation, they would in any case not get any payment for the goods.

LOSS DUE TO A FALSE POSITIVE

In situations where a merchant’s anti-fraud mechanism isn’t sufficiently modern, certifiable exchanges are in danger of being declined. Along these lines, clients that are really keen on the items being sold by the shippers can’t make a buy, enduring simultaneously a terrible client experience. Such a situation could be increasingly troubling over the long haul, not just making lost business the shippers, yet in addition influencing their general reputation and generosity in the market. Clients, presently over-burden with decision, are very unforgiving and would not come back to a stage on the off chance that they have just endured an awful encounter.

In any case, everything isn’t lost for independent companies. Web based business empowering agents and payment gateways have the issue of online cheats legitimately in their sights. They think of the correct apparatuses and procedures to avert online fakes and help private ventures thrive on the web. By being cautious, and by picking the right partners, online organizations can limit their introduction to online cheats and spotlight on developing their endeavors.

First rate ANTI-FRAUD FEATURES IN PAYMENT SOLUTIONS 

With the assistance of the correct payments solution, little dealers can get to innovation that apropos diminishes the fraudulent transactions on their foundation, while expanding the achievement pace of genuine transactions. This factor likewise expands the experience of veritable purchasers, subsequently motivating their returns to on the platform.

Here’s a portion of the huge highlights private companies should search for in their payment gateway: 

Constant checking of transactions:

Advanced payment gateway ought to have the option to screen exchanges continuously, conveying a calculation to find any markers of a false movement and keeping it from occurring.

Better Success Ratios. Wise payment gateways improve the proportion of exchanges that prevail by guaranteeing that real exchanges are plainly distinguished and allowed to continue, though fake exchanges are dismissed.

Incorporated fraud management: Payment gateways must meet the most elevated level of PCI DSS level of consistence. Past this, however, your payment portal ought to incorporate its own antifraud components with card plot insurances, for example, CVV2/CSC, AVC and 3D Secure, giving your clients additional layers of security.

In-house software: Ultimately, guarantee that your payment gateways anti-fraud software is built and operated in-house. This will bring you certainty that the product can be precisely and quickly refreshed as various dangers emerge, and changed in accordance with address the issues of your online business as it develops and grows.

Foloosi – Online Payment Gateway Service Provider in UAE

Foloosi Technology is one of the best payment gateways in UAE that 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.

Our payment gateway comes with anti- fraud software and hence we provide secured and reliable customer experience

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 – 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

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