Page 52 - Whizmo PR REPORT - November 2024

UAE’s new all-in-one financial app ‘Whizmo’ to transform daily transactions for individuals and businesses | hashtag dubai
their money and streamline nancial activities for all, especially among
the unbanked communities.”

Echoing his views, Eric G. Karobia, CEO of Whizmo, stated: “Whizmo is

more than just a nancial 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 nancial 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 nancial gaps,

provides people with nancial freedom, reduces their reliance on cash,

and nurtures opportunities for holistic growth,” Karobia added.

While individuals will be able to effortlessly manage their everyday

nances with Whizmo, businesses can also bene t 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 ow 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

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