Page 11 - Whizmo PR REPORT - November 2024

features, Whizpay Technology is empowering the UAE’s financial landscape with reliable money

solutions for all.

Saeed Bin Khalaf Bin Ahmed Al Otaiba, Chairman, and the driving force behind Whizmo,
stated, "We are extremely delighted to introduce the Whizmo app to the UAE. With an unwavering

commitment to financial inclusion and empowerment, we are confident that Whizmo will emerge
as a preferred digital money solution, enabling users to take control of their money and streamline

financial activities for all, especially among the unbanked communities."

Echoing his views, Eric G. Karobia, CEO of Whizmo, stated: “Whizmo is more than just a

financial app; it is a catalyst for change.” He further elaborated on the organization’s journey,

explaining how the app was conceived in response to the challenges faced by individuals and
business owners who have encountered financial frictions in their daily transactions due to strong

dependence on cash or have been largely disenfranchised.

“Our goal was to develop a solution that bridges existing financial gaps, provides people with

financial freedom, reduces their reliance on cash, and nurtures opportunities for holistic growth,”

Karobia added.

While individuals will be able to effortlessly manage their everyday finances with Whizmo,

businesses can also benefit from its wide range of features designed to simplify daily transactions.
Notably, Whizmo will facilitate instant realisation of funds, eliminating the long waiting periods

often observed in traditional non-cash payment methods. This will allow business owners to focus

on their operations without disruptions and enjoy improved cash flow and much-needed working
capital.

Soon, they will also be able to make swift B2B and B2C payments, receive money digitally across
the Emirates, pay supplier bills, and disburse salaries directly to their staff members' Whizmo

wallets with just a few clicks using their smartphones. As a result, users’ reliance on physical

currency will be reduced and geographical proximity issues will be addressed.

There has been a growing sense of anticipation among consumers, businesses, and industry experts

with regard to Whizmo’s offerings. With its innovative features, commitment to user satisfaction,