App of the Week: FOOi

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By Izabella Balcerzak

Going out with friends is great, except when it comes to splitting those rounds of drinks everyone agreed to order but you got stuck with the bill. Instead of chasing after your friends with awkward text messages, use FOOi—a free and easy-to-use app for making and sharing payments.

FOOi is a Canadian financial technology company with roots in Toronto. It aims to help with peer-to-peer and peer-to-business transactions in a safe and secure way. There is even the option to remain anonymous.

By setting up a free profile through your email or Facebook and becoming a FOOi user, you can send and receive money for free. However, if you need to make a withdrawal from your bank account as opposed to your digital wallet, keep in mind the 4.99 per cent fee.

Functioning as your digital wallet, FOOi goes beyond money transferring and can help you donate to a local charity and make an impact in your community. Their motto “share the money in the moment” relies heavily on community building and paying it forward.

The app can be used by anyone with a valid phone number or email. FOOi is available on Google Play and the App Store

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