# Floosak

> Source: https://docs.barcoder.ai/docs/standards/floosak
> research date 2026-05-29 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Floosak — YSys](https://floosak.apps.ysys.co/)
- [Floosak — Yemen Microfinance Network](https://ymn.yemennetwork.org/blog/our-blog-1/floosak-9)

## 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 <sup>[1][1], [2][2], [Yemen report](https://docs.barcoder.ai/docs/payments/YE)</sup>. 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](https://docs.barcoder.ai/docs/standards/hesabpay) Afghanistan, [EVC Plus](https://docs.barcoder.ai/docs/standards/evc-plus) Somalia, [Bankak QR](https://docs.barcoder.ai/docs/standards/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** <sup>[Yemen report](https://docs.barcoder.ai/docs/payments/YE)</sup>:
- **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** <sup>[1][1]</sup>:
- Licensed electronic-money service.
- Mobile-money mass-market platform.

**Yemen multiple-MM ecosystem** <sup>[2][2]</sup>:
- Floosak + CAC Mobily + Yemen Wallet + Cash + others competing.

**Central Bank licensing** <sup>[Yemen report](https://docs.barcoder.ai/docs/payments/YE)</sup>:
- Floosak licensed under CBY supervision.

## Technical specification

Floosak is **Yemeni mobile-money wallet under CBY supervision** <sup>[1][1], [2][2]</sup>:

| 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** <sup>[1][1]</sup>: Cardinal use within fragmented Yemeni economy.

**Commercial purchases** <sup>[1][1]</sup>: Merchant payments.

**ATM cash withdrawal** <sup>[1][1]</sup>: Convert balance to physical cash.

**Bill payment** <sup>[1][1]</sup>: Where utilities continue operating.

**Humanitarian-aid distribution** <sup>[Yemen report](https://docs.barcoder.ai/docs/payments/YE)</sup>: Yemen receives substantial humanitarian aid; mobile money is partial channel.

**Cross-region payment** <sup>[Yemen report](https://docs.barcoder.ai/docs/payments/YE)</sup>: 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](https://docs.barcoder.ai/docs/standards/bankak-qr) (SD) | [EVC Plus](https://docs.barcoder.ai/docs/standards/evc-plus) (SO) | [HesabPay](https://docs.barcoder.ai/docs/standards/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** <sup>[1][1], [2][2]</sup>:
- **Al-Kuraimi Bank** operator.
- **CBY-licensed**.
- **Multi-channel: app + USSD + ATM**.
- **War-context operation**.

## Sources

[1]: https://floosak.apps.ysys.co/ "Floosak — YSys"
[2]: https://ymn.yemennetwork.org/blog/our-blog-1/floosak-9 "Floosak — Yemen Microfinance Network"
[3]: https://sanaacenter.org/files/Rethinking_Yemens_Economy_No10_En.pdf "Yemen electronic money + payment systems — Sana'a Center"

- [1] [Floosak — YSys][1]
- [2] [Floosak — Yemen Microfinance Network][2]
- [3] [Yemen electronic money — Sana'a Center][3]
- <sup>[Yemen report](https://docs.barcoder.ai/docs/payments/YE)</sup> `reports/countries/YE-yemen.md`

## Deployments

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

- **YE** — [YE-yemen.md](https://docs.barcoder.ai/docs/payments/YE)