Page 48 - Whizmo PR REPORT - November 2024

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

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