Page 70 - Whizmo PR REPORT - November 2024

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

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 financial inclusion and empowerment, we are
confident that Whizmo will emerge as a preferred digital money

solution, enabling users to take control of their money and

streamline financial activities for all, especially among the unbanked
communities.”

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 organization’s journey, explaining how

the app was conceived in response to the challenges faced by

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