Foloosi is 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.
Recent Mastercard Contactless Consumer research revealed that 82% of UAE shoppers consider contactless to be their preferred method of payment. Nearly 64% of respondents confirmed that the pandemic has led them to use less cash, and 81% said they will continue to use digital forms of payment once the pandemic is over, pointing to a long-term behavioral shift.
Many local micro and small merchants in the country are currently not accepting digital payments, despite the safety, convenience and value it could bring businesses in increasing sales. Traditional point-of-sale (POS) systems, often used by large retailers, can be expensive and time-consuming to set up, learn and navigate.
Tap On Phone is a simple and cost-effective digital payment technology developed to cater to the needs of micro and small businesses specifically in the food and beverage industry and services like food delivery and farmers markets.
Mastercard’s Tap on Phone solution easily turns Android smartphones into secure payment acceptance devices for contactless cards, mobile wallets and even smartwatches — with no additional equipment or setup-related costs. Businesses can simply download the mobile app and offer it to their customers immediately, providing consumers with a checkout experience that is flexible, seamless, intuitive and secure.
Step by step process to accept payments via Tap On Phone
STEP1: Login Foloosi Tap app with the registered emailid on foloosi.com
*NOTE: Don't have an account please contact our support team
STEP2: By tapping on the + symbol - Merchant will start to accept payment for the service/product provided
STEP3: The merchant should enter the amount in AED(with minimum value as 1 AED and maximu value of 2000 AED)
To send receipt to the concern customer - The merchant should fill any one of the mandatory field (customer mobile number/email address)
Choose the payment method as Tap to Pay to accept payments from customers via card/wallet
You can also record the cash that you've been receiving from the customer only for record process
STEP4: Once you receive a notification of (Please Tap on back of the phone) - The customer card (Mastercard / Visa) contacless chip card / mobile device / apple watch must be placed within 2 inches in order for the transaction to initiate
STEP5: Once the card tapped back on phone - Payment information will be passed with the transaction details. Customer will receive a transaction receipt from Foloosi.
Foloosi has served merchants in the UAE with an amazing suite of digital payments portal infrastructure. With nearly five thousand merchants using their Foloosi platform and over half a billion in transaction value being processed, Foloosi is committed to deliver state-of-the-art payments technology to its partners, merchants and customers alike, while consistently aiming to scale up its product offerings with every release.