Page 39 - Whizmo PR REPORT - November 2024

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

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

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