Mastercard and Foloosi Introduce Click to Pay, Revolutionizing Online Payments in UAE
Mastercard and payment service provider (PSP) Foloosi have joined forces to launch Click to Pay in the UAE. This innovative payment method has been seamlessly integrated into Foloosi’s merchant base, offering a preferred and convenient checkout solution for both merchants and consumers. With over 6,000 participating merchants, Click to Pay is set to transform the online shopping experience.
Click to Pay sets a new standard for guest checkout transactions, providing consumers with a consistent, secure, and hassle-free payment process. By eliminating the need to enter card credentials or store sensitive information with multiple merchants, Click to Pay ensures a smoother and more efficient checkout experience.
By utilizing tokenization, Mastercard enhances the checkout process for both consumers and merchants. This seamless payment experience not only reduces fraud but also boosts conversion rates. Additionally, merchants can include secure payment links in invoices sent through various channels such as SMS, email, and WhatsApp, enabling customers to easily make payments using Click to Pay.
Gina Peterson-Skyrme, Vice President and Country Business Development Lead, UAE and Oman at Mastercard, emphasized the importance of collaboration in shaping the future of payments. She invited industry leaders including PSPs, merchants, acquirers, and issuers to partner with Mastercard to bring the latest technologies to the markets they serve.
Peterson-Skyrme stated, «Click to Pay is rapidly gaining momentum across the payment ecosystem, bringing superior security and convenience to users. With this launch, we take another step in supporting the UAE’s digital transformation journey.»
Omar Bin Brek, Founder and CEO of Foloosi, added, “The launch of Click to Pay provides a new opportunity for our merchants to improve the consumer online shopping experience and to positively impact their bottom line. We are confident that the move will support the growth of e-commerce.”
The introduction of Click to Pay marks a significant milestone in the UAE’s digital payment landscape. This collaboration between Mastercard and Foloosi promises to revolutionize online payments, providing a seamless and secure solution for consumers and merchants alike.