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Foloosi – Middle East and Digital Wallet

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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 tha...
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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 al...
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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 dire...
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