Page 12 - Whizmo PR REPORT - February 2025

Whizmo Revolutionises Financial Inclusivity In UAE - OneArabia

Our intuitive, multilingual chat-based interface enhances user engagement, while smart QR technology enables quick

and efficient digital payments—catering to the needs of diverse demographics. The platform's scalable design ensures
a high degree of interoperability, making it adaptable to evolving market demands.

Another key value proposition of Whizmo is its expanding network of Merchants and Cash Points. Merchants, such as
grocery stores, restaurants, and salons, seamlessly accept payments through the app. Cash points, which are also local

businesses, facilitate cash deposits and withdrawals, enabling users to easily convert physical cash to e-money and

vice versa, to or from their Whizmo wallets. This model brings essential financial services closer to our users and
provides a true 'last mile’ solution.

For businesses, Whizmo offers instant payment processing and a comprehensive financial platform that requires no
investment in digital infrastructure. Accessible via phone, tablet, or desktop, the responsiveness of our platform enables

businesses to accept payments, track transactions records, and generate reports through a single, integrated

dashboard—simplifying day-to-day financial operations.

How does Whizmo ensure the security of transactions and user data within its
mobile wallet?

Whizmo ensures the security of transactions and user data within its mobile wallet through a combination of advanced

technology, regulatory compliance, and industry best practices. To begin with, users are digitally onboarded and

authenticated using UAE Pass, which ensures instant and compliant verification aligned with KYC and AML regulations.
This process not only enhances security by verifying the identity of users but also guarantees full adherence to the

regulatory requirements set by the UAE government.

Licensed to conduct the Stored Value Facilities and Retail Payment Services and Card Schemes by The Central Bank

of the UAE, Whizmo is designed to make a significant impact on the financial landscape of the nation. Its robust
framework not only protects user transactions but also fosters trust, guaranteeing a secure and dependable mobile

money experience for all its users.

Can you walk us through the onboarding process for new users? How does zero-

onboarding cost benefit individuals and businesses?

Our onboarding process is designed to be simple and efficient, ensuring swift experience for both individuals and
businesses. One can simply begin by downloading the Whizmo UAE app from the App Store or Google Play Store and

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