The UAE app is designed to lessen financial stress by offering users complete ownership
Whizpay Technology, 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 and 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, according to a press statement.
Convenient payment
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.
“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” observed Saeed Bin Khalaf Bin Ahmed Al Otaiba, Chairman, Whizmo.
“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,” stressed Eric G. Karobia, CEO, Whizmo.
