Page 15 - Whizmo PR REPORT - November 2024

‘Whizmo’ to transform daily transactions for individuals and businesses - LogisticsGulf
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 and empowers users to securely store funds, make
contactless smart QR transac ons, pay u lity bills and mobile recharges, and make instant local and
interna onal money transfers—all within its intui ve, chat-based interface, according to a press
statement.

Convenient payment

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 conver ng cash at
designated retail outlets, known as ‘Whizmo Cash Points,’ and then withdraw cash from the same
loca ons.

“We are confident that Whizmo will emerge as a preferred digital money solu on, enabling users to
take control of their money and streamline financial ac vi es for all, especially among the unbanked
communi es” observed Saeed Bin Khalaf Bin Ahmed Al Otaiba, Chairman, Whizmo.

“Our goal was to develop a solu on that bridges exis ng financial gaps, provides people with financial
freedom, reduces their reliance on cash, and nurtures opportuni es for holis c growth,” stressed Eric
G. Karobia, CEO, Whizmo.

https://logisticsgulf.com/2024/11/whizmo-to-transform-daily-transactions-for-individuals-and-businesses/ 2/2