FLOOSS signs agreement with LuLu Retail PLC

FLOOSS, the leading provider of digital financial solutions in Bahrain, has announced a landmark agreement with LuLu Retail PLC. This partnership will allow customers at LuLu hypermarkets in Bahrain to purchase items on an installment basis through the "Buy Now, Pay Later" service recently launched by FLOOSS, part of its innovative solutions designed to enhance the shopping experience and facilitate purchasing for its clients.

This service enables customers to buy products immediately while offering the option to pay in convenient installments, 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.

LuLu Retail Director Mr. Juzer Rupawala stated, "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, as we take our corporate responsibility in supporting Bahraini enterprises seriously. This is one cutting-edge example."

The service will be available via point-of-sale systems provided by PIE, a payment services provider licensed by the Central Bank of Bahrain, specializing in accepting commercial payments and serving as an exclusive sales arm for FLOOSS. PIE offers payment acceptance services to over 6,000 merchants, providing innovative solutions for transaction processing. These point-of-sale systems will be available across LuLu hypermarkets in Bahrain.

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.”

Mr. Ghazal added, "Our collaboration with PIE will enable us to expand our service offerings and drive further innovation in payment solutions. We are committed to providing the best services to our customers and are always striving to meet their evolving needs."

FLOOSS will continue to strengthen this partnership by delivering new and innovative experiences that support local trade and satisfy consumer needs, contributing to the development of the Bahraini market.