Foloosi’s CBUAE IPA: AI-Native Payment Rails Need Merchant Trust UX
This story is from 2026-09-26. It is preserved in the archive; the latest stories are on the live feed.
From AED 7 billion volume to Category III intent Foloosi, the UAE-born payments company founded by Omar Bin Brek and Mohan K, announced In-Principle Approval (IPA) from the Central Bank of the UAE (CBUAE) for a Category III licence under the Retail Payment Services and Card Schemes (RPSCS) Regulati…
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- 2026-09-26 06:15 · DEV Community — AI
Foloosi’s CBUAE IPA: AI-Native Payment Rails Need Merchant Trust UX