Simple and Powerful UAE Online Marketplace & Solution

Foloosi is a UAE Fin-Tech startup facilitating consumer-to-business card payments by enabling businesses to display QR code, share Payment Links and API integrations for their customers to pay conveniently.

United Arab Emirates has the highest banking penetration rate in the middle east region. Though in contrary, according to UAE central bank figures (in 2017): 75% of the whole UAE economy is based on cash transactions. Furthermore, compareit4me.com survey (2018) show that 85% of online orders are processed through cash-on-delivery option as a method of payment. Residents need more advanced and modern options in line with the UAE's 2021 vision.

Foloosi will enable a digital economy empowerment for local businesses, operating merchants and most importantly the e-commerce sector. Foloosi will feature 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.

Foloosi was founded in 2018 and launched its product in the year 2019 that enables simple and easy way to accept, process, disburses payment solution for businesses. It helps businesses by providing payment link, subscriptions and POS software. Foloosi’s payment solutions can be integrated by both web and mobile applications.

We are the only startup in UAE providing many billing solutions facilities and few of them are du topup and bills, Etisalat topup & bill, FEWA, Mawaqif topup, Mawaqif fine, National bond, NOL card, Ajman direct etc.

From ordering food, buying clothes, planning trips, booking movie tickets to finding supply chain partners, e-commerce has become an important part of everyone’s life.

Arrival and integration of chatbots- Artificial Intelligence based has made it possible to facilitate a highly preemptive response to what a customer is trying to find or purchase. No wonder many discussions involving e-commerce site or store development, digital business transformation and mobile application development invariably lay significant emphasis on integrating chatbots to drive customer engagement and deliver enhanced customer experiences.

With the rise of mobile, social and cloud technologies, customer expectations continue to increase. More than ever, they demand seamless and hyper-personalized experiences. For many businesses, customer experience is the new battlefield - a competitive advantage that attracts and retains loyal customers.

With this shift of consumer behavior in mind, we are on a mission to equip online sellers of all sizes with a powerful platform to sell their products in an innovative, frictionless way on social media, messaging apps and the web.

Our conversational commerce solution creates engaging customer experiences and turns digital marketing efforts into direct points of sales.

Our Platform provides

ü  Create personal experiences and quickly answer queries through a unified team-inbox that works across all your channels

ü  Sell products, send abandonment reminders, update users on orders and more through chat

ü  Track your team's success in both customer satisfaction and revenue generated

Thus we aim to help Saudi economy and provide jobs to local Saudi people- marketing, operations, techies and programmers.

Foloosi create values and hence lots of home and social media based businesses need products listing platform with easy integration.

We believe that chatbots will be the next battleground where conversational solutions allow customers to interact with sophisticated responses through popular messaging channels, such as a social media messenger or an IM app, as a new way of communicating with e-commerce platforms and online marketplaces.

We conclude that Foloosi’s main target is to provide payment solution for all financial sectors including small, medium and large Enterprises of kingdom of Saudi Arabia.

Know More: https://www.foloosi.com/qr-code-payment-uae

Digital Payments: a developing trend

The digital payments sector in 2018 created a market of around 38 billion dollars comprehensively: the numbers in regards to the pattern of digital payments are continually developing with a positive normal yearly rate of 18% and a turnover of very nearly 90 billion dollars assessed by 2023.

These are the information that risen up out of the most recent statistical surveying of the Report Linker organization, breaks down that unmistakably feature the always expanding pattern in respect to the advanced digital payments advertise: the relentless presentation of imaginative advances and the improvement of a continually associated correspondence arrange are the principle essentials for concocting new business openings with brilliant and unique payment strategies.

Speed, solace and innovation are the primary highlights of the new advanced payment frameworks: in a cutting edge and carefully dynamic organization 24 hours per day it is unavoidable that the deals and payment parts will experience radical changes. On the off chance that online deals, web based business and buys by means of Social media speak to the most recent outskirts in the business circle, Digital Payments, ePayments and Mobile Payments are the genuine developments in the payments area.

The “Digital Payments Study Visa” investigate did in 2017 conveys that 68% of clients in Europe utilize digital payments to purchase products or services: the real buyers of digital payments administrations are the Millenials (individuals conceived somewhere in the range of 1981 and 1996) with a level of action of practically 90%.

Do you need to develop your business? Find the rates and advantages of UAE Foloosi payment solution.

What are digital payments? When can a payment method be defined as such?

The expression “digital payments” characterizes a wide range of payments made in advanced mode: online buys, electronic wallet installments and web cash exchange arrangements; P2P payments and exchanges made in physical stores utilizing NFC innovation and the contact less POS mode are additionally incorporated into the digital payment class.

Albeit altogether different from one another, a wide range of digital payments have as their essential goal the improvement of the client experience, ensuring the client solace and speed: POS and contactless end up being down to earth arrangements and perfect for activities inside stores, utilizations of online deals and digital transactions are the payment techniques most valued by internet business clients because of a natural, protected and quick service.

Payments via smart phone with e-wallets and applications

Transactions by means of smart phones are without a doubt the most inventive classification inside digital payments and can be isolated into four sorts: Mobile Remote Commerce, Mobile Remote Payment, Mobile Proximity Payment and Mobile Proximity Commerce. The Mobile Remote Commerce classification incorporates all the buying forms that happen by means of cell phone with charge on a payment card or electronic handbag, Mobile Remote Payment demonstrate rather all installments of top-ups, charges, parking garages or bulletins happened through cell phone with charge on e wallet or card. The Mobile Proximity Payment type alludes to installments made at the purposes of offer, approved by cell phones utilizing NFC or QR codes and charged on paper, electronic tote or financial balance, lastly Mobile Proximity Commerce incorporates every one of the administrations supporting the in-store client experience, for example, approval of coupons or loyalty services.

Digital payments- Advantages

Digital payments offer multiple innovative solutions compared to the classic payment with cash, we discover what are the points in favor of digital payments:

Security and protection inclusion

Most digital payments offer the client a substantial protection inclusion for the merchandise bought on the web: much of the time it is conceivable to get speedy discounts if there should arise an occurrence of item returns and discounts legitimate in case of a cheat. The protection guidelines and data security frameworks are progressively increasing more certainty from shoppers who incline toward online buys over physical buys.

Rapidity and simplicity

Online shoppers are searching for speed and effortlessness in their acquiring techniques: Digital payments can continually advance themselves, ensuring security, speed and solace to the client who utilizes them.

Internationalization of payments

With the utilization of digital payments there are no trade issues: it is conceivable to go in any nation by paying through your charge card or cell phone on account of the universal digital payment circuits.

Would you like to develop your business and improve your business results?

With UAE Foloosi digital payment solution you can locate the best online payment solution for your business or day by day needs.

Source: https://www.foloosi.com/blog/digital-payments-a-developing-trend/

Foloosi has Raised “pre-seed” funding

Foloosi, a UAE Fintech startup facilitating consumer-to-business card payments through several ways by enabling businesses to display QR code, share Payment Links and API integrations makes it possible to accept card payments without the need of a POS machine.

Foloosi has raised an undisclosed amount of pre-seed fund from Angel fund investor Rashed Alfalasi in May 2019.

Co-founders Omar Bin Brek and Mohan K with an in-house team of 6 has managed to get the idea off the ground and continue to serve as a valuable start-up in the UAE market.

United Arab Emirates has the highest banking penetration rate in the middle east region. Though in contrary, according to UAE central bank figures (in 2017): 75% of the whole UAE economy is based on cash transactions. Furthermore, compareit4me.com survey (2018) show that 85% of online orders are processed through cash-on-delivery option as a method of payment. Residents need more advanced and modern options in line with the UAE's 2021 vision.(https://magnitt.com/news/uae-fintech-startup-foloosi-raises-pre-seed-funding)

Foloosi will enable a digital economy empowerment for local businesses, operating merchants and most importantly the e-commerce sector. Foloosi will feature 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.

Just-in also, Foloosi has launched its new product ‘Point of Sale’ for small and medium sized businesses. This dedicated POS system will provide merchants a wholly complete system including digital checkout eyeing fora huge potential in the GCC market.

Foloosi enables businesses to go for a complete digital transformation including paperless receipt checkout, which helps the society become greener.

“With the support of our strategic investors, we are accelerating the developmentof our products further in this digital world and this is a great opportunity to improve in the advanced technology experienced by our users” says Foloosi CEO Omar Bin Brek.

Rashed Alfalasi says, "I invested in Foloosi because I believe the future will be cashless and that Foloosi is one of the companies that will emerge to lead this effort because of its great team and their strong vision. With dedication and the right strategy, Foloosi can build the cashless society and will provide payment solutions that serve all kind of businesses."

For more information about Foloosi, Kindly visit https://www.foloosi.com/point-of-sales-software-uae, info@foloosi.com