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UAE’s New All-In-One Financial App ‘Whizmo’ To Transform Daily Transactions For Individuals And Businesses - UAE Today

UAE’s New All-In-One Financial App ‘Whizmo’ To Transform Daily Transactions For
Individuals And Businesses

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 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, advocacy for financial 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 financial landscape of the country and beyond.

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