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UAE’s new all-in-one financial app ‘Whizmo’ to transform daily transactions - Middle East News 247

UAE’s new all-in-one financial app ‘Whizmo’ to

transform daily transac ons

By News Desk 1 05/11/2024

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

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