Dubai-based MoneyHash, a leading payment orchestration platform for emerging markets, has announced a new partnership with Wayl, an Iraqi payment solutions provider and checkout engine. This collaboration marks a significant step in MoneyHash’s strategy to facilitate business expansion into complex yet high-potential markets.
The partnership enables businesses to seamlessly enter Iraq by integrating with Wayl’s market-specific infrastructure through the MoneyHash platform. This provides a crucial gateway for regional and global merchants looking to tap into an e-commerce ecosystem that aligns with local consumer needs and payment behaviors.
Navigating Iraq’s Unique Payment Landscape
Entering new markets like Iraq presents distinct challenges, including a deep understanding of local payment preferences, regulatory nuances, and operational realities. The MoneyHash and Wayl alliance directly addresses these hurdles by providing merchants access to key Iraqi payment methods.
Through this single integration, businesses can now accept payments from international card schemes as well as widely used local wallets and bank-based options, streamlining their market entry and reducing operational friction.
Combining Orchestration with Local Expertise
The collaboration leverages the strengths of both fintechs, combining MoneyHash’s powerful orchestration technology with Wayl’s on-the-ground expertise and infrastructure in Iraq.
“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.”
As a local payment solutions provider and merchant of record, Wayl is critical in enabling payment acceptance and checkout experiences tailored specifically for the Iraqi market.
“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 localized payment solutions and the operational structure they need to succeed in the market.”
About MoneyHash
MoneyHash is the leading payment orchestration platform built for emerging and global markets. Its infrastructure enables businesses to integrate with multiple payment gateways through a single API, offering smart payment routing, multi-currency processing, and a unified dashboard for complete operational control. MoneyHash empowers businesses to turn payment complexity into a competitive advantage, delivering the scalability needed to grow across diverse digital markets.
About Wayl
Wayl is a Baghdad-based fintech startup founded in 2021 that operates as a payment aggregator, facilitator, and e-commerce platform in Iraq. It enables merchants to accept payments from various sources, including Visa, MasterCard, and popular local wallets such as ZainCash and First Iraqi Bank (FIB). As a local payment solutions provider and merchant of record, Wayl helps global businesses enter and operate effectively in the Iraqi market.
Source: Zawya
