Page 61 - Whizmo PR REPORT - November 2024

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

transform daily transac ons for individuals

and businesses

In line with the country’s vision for a cashless society

UAE’s new all-in-one financial app ‘Whizmo’ to transform daily transac ons for individuals and businesses

Licensed to conduct the Stored Value Facili es (SVF) and Retail Payment Services and Card Schemes
(RPSCS) by The Central Bank of the UAE, Whizmo is designed to make a significant impact on the financial
landscape of the na on.
The app is designed to lessen financial stress by offering users complete ownership, removing
transac onal fric on, and making daily financial tasks simpler.

UAE, November 05, 2024: Whizpay Technology LLC, a leading mobile financial solu on company
headquartered in Abu Dhabi, has introduced its all-in-one financial app ‘Whizmo’ for ci zens, residents and
businesses of the UAE, building upon the country’s broader vision of democra zing financial services and
fostering economic growth. The companyhas 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 mul tude of innova ve features and a speedy onboarding
process for individuals authen cated by the UAE Pass. It empowers users to securely store funds, make
contactless smart QR transac ons, pay u lity bills and mobile recharges, and make instant local and
interna onal money transfers—all within its intui ve, 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 conver ng cash at designated
retail outlets, known as ‘Whizmo Cash Points,’ and then withdraw cash from the same loca ons. Built to
serve both individuals and enterprises, the app addresses important issues related to managing daily
transac ons and provides users with improved control over financial ac vi es, 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 solu ons 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
solu on, enabling users to take control of their money and streamline financial ac vi es for all, especially
among the unbanked communi es.”

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 organiza on’s journey, explaining how the app was
conceived in response to the challenges faced by individuals and business owners who have encountered
financial fric ons in their daily transac ons due to strong dependence on cash or have been largely
disenfranchised.

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