Case 3 Omantel and Sohar International launched eFloos' in collaboration with Arab Financial Services (AFS), the region's leading FinTech enabler. The digital wallet enables smartphone users to pay merchants, add, send and receive funds to and from other wallets, expanding the application of e-payment facilities in Oman. Oman's first-of-its-kind e- Wallet, which is considered one of the significant initiatives that supports Digital Oman Strategy and will bring in a new concept to transactions that matches with modern times developments and fulfils new generation's demands. The new partnership between telecom and financial sectors has delivered an innovative e-service that will add much value to our lifestyle and takes us further steps ahead towards seamless transactions. The launch of 'eFloos' reaffirms our commitment to enrich the digital experience in the Sultanate by implementing latest innovations to facilitate day to day processes, and offer our customers an enhanced lifestyle that matches with the global developments. As a fast, secure and seamless payment method, e-wallets have brought about a real change to transactions. A first-of-its-kind in the Sultanate, 'eFloos' will bring in a new concept to transactions, with a faster, smoother and more secure experience without the need to have a bank account or card, making it the ideal alternative payment option for many youngsters He further said, to avail the service, customers simply need to download eFloos' app for iOS or Android through Apple Store and Play Store respectively, and enjoy cashless payments at more than 200 merchants in Oman, from retail stores like Carrefour to fragrance stores such as Junaid Perfumes and Asgharali Perfumes, as well as cafes and others like Karak Gholam, ILLY CAFFE, Gloria Jean's Coffee, Baskin Robbins and many more. Instruction: Please make sure that each answer is having 150 - 175 words (3 x 5 Marks = 15 marks) 1. What kind of money transactions are discussed in the above case and why? 2. e Floose' will make omani economy 'cashless' Do you agree / Disagree Justify your answer 3. Describe any two issues related to 'e Floose' transactions in Oman