MoneyHash has partnered with Wayl, a local payment solutions provider and merchant of record, to support businesses entering the Iraqi market.

The partnership allows MoneyHash to extend its services into Iraq, helping merchants access local payment methods, including international card schemes, local wallets, and bank-based payment options, through Wayl’s infrastructure.

“Expanding into markets like Iraq requires more than technical reach. It requires local understanding and trusted partners,”

said Nader Abdelrazik, Co-Founder and CEO of MoneyHash.

“Our partnership with Wayl reflects our approach to market expansion: working with strong local players to help businesses access new geographies while navigating payment complexity with confidence.”

Wayl supports businesses with market entry, localised payment flows, and operational readiness, helping reduce the challenges typically associated with launching in new geographies.

“Iraq represents a high-potential market with unique payment dynamics,”

said Ali Ismail, Founder of Wayl.

“Partnering with MoneyHash allows us to support global and regional merchants entering Iraq with localised payment solutions and the operational structure they need to succeed in the market.”

Through the partnership, Wayl continues to act as a local enabler for businesses seeking to establish a presence in Iraq and operate within an e-commerce platform, while navigating local payment requirements and customer behaviours.

Featured image credit: Edited by Fintech News Middle East, based on image pablographix via Freepik