Whizpay Technology LLC, a leading mobile financial solution company headquartered in Abu Dhabi, has introduced its all-in-one financial app ‘Whizmo’ for citizens, residents and businesses of the UAE, building upon the country’s broader vision of democratizing financial services and fostering 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 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.”