Page 10 - Whizmo PR REPORT - November 2024

In line with the country’s vision for a cashless society

UAE’s new all-in-one financial app ‘Whizmo’ to transform daily

transactions for individuals and businesses

• Licensed to conduct the Stored Value Facilities (SVF) and Retail Payment Services and

Card Schemes (RPSCS) by The Central Bank of the UAE, Whizmo is designed to make

a significant impact on the financial landscape of the nation.
• The app is designed to lessen financial stress by offering users complete ownership,

removing transactional friction, and making daily financial tasks simpler.

UAE, November 05, 2024: Whizpay Technology LLC, a leading mobile financial solution

company headquartered in Abu Dhabi, has introduced its all-in-one financial app 'Whizmo' for

citizens, residents and businesses of the UAE, building upon the country's broader vision of
democratizing financial services and fostering economic growth. The company has been granted

the Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licenses

from the Central Bank of the UAE and the app will be available for download on both the Play
Store and App Store.

The Whizmo App is a secure digital wallet with a multitude of innovative features and a speedy
onboarding process for individuals authenticated by the UAE Pass. It empowers users to securely

store funds, make contactless smart QR transactions, pay utility bills and mobile recharges, and
make instant local and international money transfers—all within its intuitive, chat-based interface.

Moreover, with a robust network of merchants and partners, users can conveniently pay for

purchases directly through the app. Users can also load e-money into their wallets by converting
cash at designated retail outlets, known as 'Whizmo Cash Points,' and then withdraw cash from the

same locations. Built to serve both individuals and enterprises, the app addresses important issues
related to managing daily transactions and provides users with improved control over financial

activities, especially since it does not require users to link it to their bank account. With these