Page 64 - Whizmo PR REPORT - November 2024

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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.

“Our goal was to develop a solu on that bridges exis ng financial gaps,
provides people with financial freedom, reduces their reliance on cash, and
nurtures opportuni es for holis c 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 transac ons. Notably, Whizmo will facilitate

instant realisa on of funds, elimina ng the long wai ng periods o en
observed in tradi onal non-cash payment methods. This will allow business
owners to focus on their opera ons without disrup ons and enjoy

improved cash flow and much-needed working capital.
Soon, they will also be able to make swi 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.

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