FLOOSS, the leading provider of digital financial solutions in the Kingdom of Bahrain, has announced a landmark agreement with LuLu Retail PLC. This partnership will enable customers at LuLu hypermarkets in Bahrain to purchase items on installment basis in four easy and convenient payments through the "Buy Now, Pay Later" service recently launched by FLOOSS as part of its innovative solutions designed to facilitate purchasing and enhance the shopping experience for its clients.
This service will allow customers to buy products immediately while providing them with the option to pay in convenient instalments, thereby empowering them to acquire what they need without straining their budgets. Through this agreement, FLOOSS reaffirms its commitment to delivering flexible financial solutions that support consumers and contribute to the enhancement of local trade.
The service is offered to LuLu through FLOOSS’s acquiring partner PIE, a payment services provider licensed by the Central Bank of Bahrain, which specialises in accepting commercial payments and serves as an exclusive sales arm for FLOOSS. PIE offers payment acceptance services to over 6,000 merchants, providing innovative solutions for transaction processing.
On this occasion, Mr. Fawaz Ghazal, CEO of FLOOSS, stated: “We are excited to announce our partnership with LuLu International Group, which represents a significant step forward in enhancing the shopping experience for customers in Bahrain. With the 'Buy Now, Pay Later' service, we aim to facilitate access to products and services, allowing customers to enjoy a seamless and convenient shopping experience. We believe that this service will make a substantial difference in the local market, and we look forward to achieving further successes in collaboration with our partners.”
For his part, Mr. Juzer Rupawala, LuLu Retail Director, said: “LuLu is committed to offering the best deals as part of its efforts to make quality lifestyle choices affordable to shoppers. The FLOOSS Buy-Now-Pay-Later option enhances responsible spending patterns and is a win-win choice for LuLu as well as our customers. We are also happy that LuLu is the platform for promoting a home-grown Bahraini financial App and service like FLOOSS, because we take our corporate responsibility in supporting Bahraini enterprise seriously- and this is one cutting-edge example.”
Mr. Shabbir Modi, Managing Director of PIE, also commented on the occasion, stating: “This initiative marks a substantial improvement in payment solutions in Bahrain, providing customers with greater flexibility and convenience in their shopping experiences. The FLOOSS BNPL service is a new payment tool that PIE is offering to merchants in Bahrain, demonstrating our dedication to promoting innovative payment methods while maintaining the highest service standards between merchants and PIE.
FLOOSS will further this partnership by delivering new and innovative experiences that bolster local trade and satisfy consumer needs, thereby contributing to the development of the Bahraini market.
About FLOOSS:
FLOOSS is the first digital instant financing company in the Kingdom of Bahrain, licensed by the Central Bank of Bahrain. As a Financing Company, FLOOSS is revolutionising the financial sector in Bahrain by offering digital loans without the cumbersome paperwork and lengthy processes typically associated with borrowing. You can submit your loan application at any time, from anywhere.
FLOOSS aims to address the challenges associated with traditional loan application methods, which often prove tedious, inconvenient, and time-consuming—sometimes taking weeks for approval. With FLOOSS, you will enjoy clarity and transparency in your financial standing.
Apply for your loan today via iOS and Android apps.
Website: www.FLOOSS.com
FLOOSS Bahrain B.S.C (Closed)
Media Relations Contact:
Ghufran Turki | +973 3997 1000 | socialmedia@flooss.com
Media Contact
Organization: Media Scene PR and Translation
Contact Person: Husain Naser
Website: https://mediascenebh.com/
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State: Manama
Country:Bahrain
Release id:21137
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