Trio Foloosi Mastercard network international launch tap on phone in the UAE

Trio Foloosi Mastercard network international launch tap on phone in the UAE

Foloosi being one of the first payment service provider in partnership with MasterCard and Network International offering Tap On Phone services, an innovative digital solution that empowers merchants in the UAE for contactless transactions.

Tap on Phone payments allows businesses to accept payments digitally from any contactless card or mobile wallet or even a wearable wallet right on their NFC enabled smartphone device.

By simply turning smartphones into secure mobile points of sale, there will be no extra hardware required, as Foloosi Tap On Phone app is an ‘on-the-go’ digital payment solution for businesses, enabling quick and convenient payment options.

At point of sale, a customer can tap their card on the back of the business’s smartphone for the payment to be completed successfully without any hassle of the old traditional machines or facing challenges of cash transactions.

It is estimated by Statista that the total transaction value in the digital payment segment is projected to be around 8.5 trillion US Dollars in 2022 alone.

Once a merchant uses the Foloosi Tap app, they drastically reduce the need for the heavy and space occupying POS machines. POS machines come with a hefty price and the software needs regular maintenance. Whereas in the Tap On Phone,