Page 13 - Whizmo PR REPORT - February 2025

Whizmo Revolutionises Financial Inclusivity In UAE - OneArabia
sign-up using their UAE Pass, complete eKYC verification for identity authentication, and provide basic profile details,

including their Emirate, address, and occupation, etc. We’ve removed the barriers of minimum balance and registration

fees, ensuring that our platform is accessible to everyone—whether banked or unbanked.

Businesses are also onboarded through a structured process, with our representatives guiding them through the
necessary documentation and providing step-by-step training on the platform’s usage. This approach fosters financial

inclusivity, offering long-term benefits that allow people to take control of their financial future.

How does the Whizmo app address the needs of underserved and unbanked

communities in the UAE?

We empower individuals to securely store and manage their funds without the need for a traditional bank account. All
that’s required is a valid national ID and UAE Pass — no income thresholds, minimum balances, or complicated

prerequisites. This approach ensures that everyone, despite their financial standing, has access to secure financial

services.

On the business front, our streamlined and fully compliant onboarding process is designed to be barrier-free. With only

basic KYB documentation required, we assess neither turnover nor existing capital, ensuring businesses of all sizes can
access our comprehensive suite of services at no onboarding cost.

To further enhance accessibility, Whizmo Cash Points — trusted retail locations in local communities — provide users
with convenient avenues to deposit or withdraw funds, eliminating long travel times or waiting periods often associated

with financial services.

Can Whizmo facilitate both local and international money transfers, and what

advantages does this provide for its users?

Yes, Whizmo facilitates both local and international money transfers. Within the UAE, features such as 'Send Money'

and 'Request Money' provide instant and convenient transfer options, enabling transactions for citizens and residents,

eliminating the need for geographical proximity.

For sending money abroad, Whizmo offers transfers to multiple destinations, including India, Pakistan, Bangladesh, the

Philippines, Kenya, Uganda, and more. With competitive exchange rates and transparent fees, users can effortlessly
transfer funds across borders, enjoying a trusted and hassle-free experience at their fingertips.

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