About us

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.

Mission & Vision

Mission

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

Vision

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.

Authenticity

Authenticity creates trust, and trust is fundamental to our business and in retaining excellent client relationships. We are reliable, not only for the highly secure solutions we provide but for delivering on our promises.

Flexibility

In order to meet the dynamic needs of our clientele, our processes and dealings are agile and flexible. We therefore respond effectively to our customers’ requirements and drive authentic results.

Transparency

Transparency in business is one of the leading factors in successfully building trustworthy relationships with our clients, and one areeba values greatly.

Inclusion

We embrace a culture of inclusion, incorporating unique viewpoints for superior results, exceptional service, and an overall positive impact.

Creativity

Through innovation, we generate solutions for our customers and raise the bar — both within our workplace and throughout our industry.

Our Corporate Strengths

Advanced Card Management Platform Technology and Infrastructure Security Solid Structure

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.

Security

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.