Whizmo App Launched to Transform Financial Transactions in the UAE

Technology

Whizmo App Launched to Transform Financial Transactions in the UAE

Whizpay Technology LLC, a leading mobile financial solution provider based in Abu Dhabi, has launched Whizmo, an all-in-one financial app designed to streamline daily transactions for both individuals and businesses in the UAE. Licensed by the Central Bank of the UAE to conduct Stored Value Facilities (SVF) and Retail Payment Services and Card Schemes (RPSCS), Whizmo aims to advance financial inclusivity and empower users by simplifying financial tasks and reducing reliance on cash.

The Whizmo app provides a secure digital wallet with features such as instant local and international transfers, contactless QR transactions, bill payments, mobile recharges, and seamless purchase options via an extensive merchant network. Users can load e-money by converting cash at designated “Whizmo Cash Points” and can make easy withdrawals from the same locations. The app’s chat-based interface is intuitive, allowing users to perform transactions without needing to link their bank accounts.

A Vision for Financial Inclusivity

Whizmo is positioned to serve both the banked and unbanked communities, addressing common financial hurdles. Saeed Bin Khalaf Bin Ahmed Al Otaiba, Chairman of Whizmo, expressed enthusiasm about the app's potential, stating, “Whizmo is set to become a preferred digital money solution, offering control over finances to individuals and simplifying cashless transactions, particularly for unbanked communities.”

Echoing this vision, CEO Eric G. Karobia emphasized Whizmo's role as a catalyst for change, stating, “Our goal is to bridge financial gaps, promote financial freedom, and reduce reliance on cash, thereby contributing to holistic economic growth.”

Benefits for Businesses

Businesses can leverage Whizmo’s features to manage transactions more efficiently. By enabling instant fund transfers, Whizmo eliminates traditional waiting periods for non-cash payments, allowing business owners to improve cash flow and working capital. Future updates to the app will offer enhanced business payment options, including swift B2B and B2C transactions, supplier bill payments, and salary disbursements directly to employees’ Whizmo wallets, further minimizing reliance on physical currency.

With its innovative features and alignment with the UAE’s digital economy goals, Whizmo is poised to make a significant impact on the country’s financial landscape and foster a cashless future.