Launch date




Countries of operations

Who We Are

areeba Iraq for Information Technology & Electronic Payment LLC, is a company licensed by the Central Bank of Iraq for electronic payment services and payment processor (License No. 12). areeba Iraq is a private company affiliated to areeba group that covers the Levant, North Africa and the Gulf countries.

The company relies on the latest digital payment technologies to provide solutions and services to banks and merchants in line with their aspirations and needs for the Iraqi market.

About us

Our success is powered by…


Our team constructs innovative solutions to shift payments to a digital and cashless ecosystem, connecting your customers across the world, seamlessly.


Innovation is key, and areeba remains at the forefront of intuitive processes, exploring new techniques and fresh ideas, with the aim to perfectly serve our clients.

Mission & Vision


Simplifying daily financial dealings with the ultimate purpose of reconciling people with monetary affairs.


Fostering cashless digital inclusion around the world.

Our Values

Authenticity, flexibility, transparency, inclusion, and creativity are the reasons why financial institutions, merchant and government clients rely on us, and they are what sets us apart from the competition and attract great talent to our family.

Our Corporate Strengths

Advanced Card Management Platform

Our unique differentiator is our in-house developed platform, Verto. A cloud-native platform, with API and microservices design, Verto gives us an edge in better serving our clients and supporting the tools and technology needed for digital payments and technologies. Scalable and flexible, we are able to onboard banks and create products in record time.

Verto has 4 main components:

  • Verto Issuing: the card management system
  • Verto Switch: our robust switch
  • Verto Acquiring: enabling omnichannel acceptance of payments
  • Verto Financial Module: for settlement and reconciliation of all transactions
Technology and Infrastructure
areeba provides our customers with a full suite of technology-enabled payments solutions. Our infrastructure is well-invested, highly secure, and incredibly versatile designed for customers of varying levels of size and complexity, with the ability to support ongoing product innovation in an agile way.

areeba became a PCI DSS certified organization in 2018 by complying with Data Security Standards of the Payment Card Industry. PCI DSS is an important security process mandated by the Card Schemes to manage security standards for electronic transactions and protect the cardholders’ data.

Solid Structure
Our bank-agnostic models further our advantage as a leader in the industry, providing innovative solutions to customers globally.
We are proud to have the support of the M1 Group as a fully owned subsidiary. The M1 Group is a diversified investment company, with a true track record in mobile telephony in Europe, the Middle East and Africa.

Our Solutions

we provide advanced and secure electronic payment solutions to banks, merchants and individuals in order to develop their business in Iraq. The company's areas of work include providing services to banks for the issuance and processing of payment cards, in addition to merchant services by providing them with devices to accept payment cards (for sale and withdrawal of cash), electronic payment gateway and e-wallets.

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