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ABU DHABI, UAE — 16 September 2026 — Foloosi, a UAE-born payment technology company, has received In-Principle Approval from the Central Bank of the UAE (CBUAE) for a Category III licence under the Retail Payment Services and Card Schemes Regulation.The milestone comes as Foloosi surpasses AED 7 billion in payment volume and serves more than 10,000 merchants across the UAE.
Foloosi has evolved beyond payment acceptance into an integrated merchant technology platform covering online payments, payment links, invoicing, subscriptions, QR payments, Tap to Phone, POS and ecommerce.
The company’s growth reflects its focus on building a unified payment and commerce ecosystem that helps UAE businesses manage multiple payment and merchant operations through one technology platform.
Foloosi was also recognised in the UAE Future 100 and has partnered with Mastercard to roll out Click to Pay across its merchant network.
The CBUAE In-Principle Approval marks a new phase for Foloosi as it continues expanding its payment and merchant infrastructure across the UAE.