Page 26 - Whizmo PR REPORT - November 2024

Whizmo Launched To Democratise Access to Finance for Users and Businesses in UAE | The Fintech Times
transac ons due to strong dependence on cash or have been largely

disenfranchised.

“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,” Karobia added.

Benefits for businesses

Businesses can also benefit from Whizmo’s range of features designed

to simplify daily transac ons. Notably, it will facilitate the instant

realisa on of funds, elimina ng the long wai ng periods o en observed

in tradi onal non-cash payment methods. This will allow business

owners to focus on their opera ons without disrup ons and enjoy

improved cash flow and much-needed working capital.

Soon, it will also be able to make swi 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.

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