Whizpay Launches ‘Whizmo’ App to Transform Financial Services in the UAE

Whizpay Technology LLC, a mobile financial solution provider based in Abu Dhabi, has launched its comprehensive financial app, Whizmo, aimed at citizens, residents, and businesses in the UAE. This initiative aligns with the country’s vision to democratize financial services and stimulate economic growth. The app is now available for download on both the Play Store and App Store, following the company’s acquisition of the Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licenses from the Central Bank of the UAE.

Features of the Whizmo App

The Whizmo App serves as a secure digital wallet, offering a variety of innovative features with a streamlined onboarding process for individuals verified by the UAE Pass. Users can securely store funds, make contactless smart QR transactions, pay utility bills and mobile recharges, and execute instant local and international money transfers—all within its user-friendly, chat-based interface.

With a robust network of merchants and partners, users can conveniently pay for purchases directly through the app. Additionally, they can load e-money into their wallets by converting cash at designated retail locations known as ‘Whizmo Cash Points,’ and withdraw cash from the same outlets. The app is designed to cater to both individuals and enterprises, providing enhanced control over financial activities without the need to link a bank account.

Empowering the Financial Landscape

Saeed Bin Khalaf Bin Ahmed Al Otaiba, Chairman of Whizpay, expressed enthusiasm about the launch, stating, “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 unbanked communities.”

Eric G. Karobia, CEO of Whizmo, emphasized the app’s transformative potential, stating, “Whizmo is more than just a financial app; it is a catalyst for change.” He explained that the app was developed in response to the challenges faced by individuals and business owners who have experienced financial friction in daily transactions due to heavy reliance on cash.

Streamlined Transactions for Businesses

Whizmo also offers a variety of features tailored to simplify daily transactions for businesses. Notably, it will enable instant realization of funds, eliminating the lengthy waiting periods often associated with traditional non-cash payment methods. This functionality allows business owners to focus on operations without disruptions and improves cash flow.

In the near future, businesses will be able to make quick B2B and B2C payments, receive digital funds across the Emirates, pay supplier bills, and disburse salaries directly to employees’ Whizmo wallets with just a few clicks. This shift is expected to reduce reliance on physical currency and address geographical proximity challenges.

As anticipation builds among consumers, businesses, and industry experts regarding Whizmo’s offerings, the app’s innovative features, commitment to user satisfaction, advocacy for financial inclusivity, and vision for a cashless future align with the UAE government’s digital economy goals. Whizpay Technology aims to make a meaningful impact on the financial landscape of the UAE and beyond.