Page 71 - 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…
individuals and business owners who have encountered financial

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 financial
gaps, provides people with financial freedom, reduces their reliance

on cash, and nurtures opportunities for holistic 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 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 flow 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 physical currency will be reduced and geographical proximity

issues will be addressed.

There has been a growing sense of anticipation among consumers,

businesses, and industry experts with regard to Whizmo’s offerings.

With its innovative features, commitment to user satisfaction,

advocacy for financial inclusivity, and a vision for a cashless future
aligned with the UAE government’s digital economy goals, Whizmo

is determined to create a meaningful impact on the financial

landscape of the country and beyond.

About Whizmo:

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