Page 17 - Whizmo PR REPORT - November 2024

UAE’s new all-in-one financial app ‘Whizmo’ to transform daily transactions for individuals and businesses

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

these features, Whizpay Technology is empowering the UAE’s nancial 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 nancial inclusion and empowerment, we are con {dent that Whizmo will emerge

as a preferred digital money solution, enabling users to take control of their money and
streamline nancial activities for all, especially among the unbanked communities.”

Echoing his views, Eric G. Karobia, CEO of Whizmo, stated: “Whizmo is more than just a nancial
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 nancial 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 nancial gaps, provides people with
{nancial freedom, reduces their reliance on cash, and nurtures opportunities for holistic

growth,” Karobia added. While individuals will be able to effortlessly manage their everyday
{nances with Whizmo, businesses can also bene {t 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 ow 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,

advocacy for nancial inclusivity, and a vision for a cashless future aligned with the UAE

government’s digital economy goals, Whizmo is determined to create a meaningful impact on the
https://menainsights.com/uaes-new-all-in-one-financial-app-whizmo-to-transform-daily-transactions-for-individuals-and-businesses/ 2/10