Page 34 - Whizmo PR REPORT - November 2024

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

transform daily transactions for individuals and

businesses

LATEST NEWS, NEWS November 5, 2024 News

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
https://www.bizpreneurme.com/uaes-new-all-in-one-financial-app-whizmo-to-transform-daily-transactions-for-individuals-and-businesses/ 1/2