Page 67 - Whizmo PR REPORT - November 2024

All-in-one financial app Whizmo launched in UAE
Whizmo Cash Points

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.

Digital money solu on

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

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