Page 51 - Whizmo PR REPORT - November 2024

UAE’s new all-in-one financial app ‘Whizmo’ to transform daily transactions for individuals and businesses | hashtag dubai
businesses of the UAE, building upon the country’s broader vision of
democratizing nancial 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 nancial 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 nancial

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 nancial

inclusion and empowerment, we are con dent that Whizmo will emerge

as a preferred digital money solution, enabling users to take control of

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