Floosak

Overview

Floosak is Yemen's Al-Kuraimi Bank mobile-money wallet (in some sources also linked to Yemen and Kuwait Bank), licensed under Central Bank of Yemen supervision ^{1, 2, Yemen report}. Floosak enables Yemeni users to send money transfers, withdraw funds, pay for commercial purchases, and withdraw cash from ATMs via mobile phone. The structural context is extreme: Yemen has been in active civil war since 2014/2015 with divided economy, dual currency regimes, sanctions-affected international banking-system access, humanitarian crisis — making digital-payment infrastructure load-bearing for Yemeni economic activity.

Floosak operates alongside other Yemeni mobile-money platforms: CAC Mobily (Cooperative and Agricultural Credit Bank's CAC Bank platform), Yemen Wallet (Yemen Post), Cash (Cash International), and others. The structural significance: Yemen has multiple competing mobile-money platforms despite war + economic crisis — illustrating that digital-payment infrastructure can develop even in extreme contexts (similar to HesabPay Afghanistan, EVC Plus Somalia, Bankak QR Sudan). The Yemeni payment ecosystem is one of the most documented examples of fragile-state-context mobile-money proliferation — the Sana'a Center has published comprehensive research on Yemen's electronic-money + payment-systems challenges + prospects.

History

Background — Yemeni payment landscape ^{Yemen report}:

• Central Bank of Yemen (CBY) — divided between Aden + Sana'a since war.
• Yemen has been in civil war since 2014/2015 (Houthi takeover) + 2015 Saudi-led intervention.
• Multiple banks operating in fragmented context.

Yemen and Kuwait Bank / Al-Kuraimi Bank Floosak ¹:

• Licensed electronic-money service.
• Mobile-money mass-market platform.

Yemen multiple-MM ecosystem ²:

• Floosak + CAC Mobily + Yemen Wallet + Cash + others competing.

Central Bank licensing ^{Yemen report}:

• Floosak licensed under CBY supervision.

Technical specification

Floosak is Yemeni mobile-money wallet under CBY supervision ^{1, 2}:

Layer	Description
Operator	Al-Kuraimi Bank (some sources also linked to Yemen and Kuwait Bank)
Regulator	Central Bank of Yemen (CBY)
Currency	YER (Yemeni rial) — fragmented across Aden + Sana'a-controlled areas
Channels	Mobile app + USSD
Services	Send money, withdraw funds, commercial purchases, ATM cash withdrawal
War-context	Critical infrastructure for fragmented Yemen economy

Use cases

P2P transfers ¹: Cardinal use within fragmented Yemeni economy.

Commercial purchases ¹: Merchant payments.

ATM cash withdrawal ¹: Convert balance to physical cash.

Bill payment ¹: Where utilities continue operating.

Humanitarian-aid distribution ^{Yemen report}: Yemen receives substantial humanitarian aid; mobile money is partial channel.

Cross-region payment ^{Yemen report}: Across Aden + Sana'a-controlled areas where possible.

Implementations & ecosystem

Operator: Al-Kuraimi Bank (and/or Yemen and Kuwait Bank).

Regulator: Central Bank of Yemen (CBY).

Yemeni mobile-money competitors:

• CAC Bank / CAC Mobily (Cooperative and Agricultural Credit Bank).
• Yemen Wallet (Yemen Post).
• Cash (Cash International).

Fun facts

• Al-Kuraimi Bank: Yemeni commercial bank operating Floosak.
• War-context resilience: Continues operating through Yemen's ongoing civil war.
• Multiple Yemeni MM platforms despite crisis: Floosak + CAC + Yemen Wallet + Cash — substantial diversity.
• CBY licensing in fragmented central-bank context: CBY divided between Aden + Sana'a but Floosak licensing continues.
• Sana'a Center research: Yemen's mobile-money landscape comprehensively documented.
• Fragile-state-context payment infrastructure: Joins HesabPay AF + EVC Plus SO + Bankak SD in fragile-state-resilience pattern.

Comparison

Feature	Floosak (YE)	Bankak QR (SD)	EVC Plus (SO)	HesabPay (AF)	CAC Mobily (YE)
Operator	Al-Kuraimi Bank	Bank of Khartoum	Hormuud Telecom	HesabPay fintech	CAC Bank
Country context	Yemen civil war 2014/2015+	Sudan war 2023+	Somalia state collapse 1991+	Afghanistan Taliban context	Yemen
Type	Bank mobile wallet	Bank mobile wallet	MNO mobile money	Fintech blockchain wallet	Bank mobile wallet
War-resilience role	Yes	Yes (+85% post-war activations)	Yes (state-substitute)	Yes (WFP partnership)	Yes

Status

Active ^{1, 2}:

• Al-Kuraimi Bank operator.
• CBY-licensed.
• Multi-channel: app + USSD + ATM.
• War-context operation.

Sources

• 1 Floosak — YSys
• 2 Floosak — Yemen Microfinance Network
• 3 Yemen electronic money — Sana'a Center
• ^{Yemen report} reports/countries/YE-yemen.md

Deployments

Found in the following country reports (grep across reports/countries/):

• YE — YE-yemen.md