Page 28 - Whizmo PR REPORT - November 2024

‘Whizmo’ to transform daily transactions for individuals and businesses | CXO Insight Middle East
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 organisation’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

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