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

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

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

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/