Erbil – October 11, 2022 – NassWallet, the leading eWallet solution provider in Iraq, today joined VISA network as a Principal License Member for issuing and acquiring. The partnership will enable NassWallet and Visa to provide the largely unbanked people of Iraq with access to financial services through mobile wallet and cards.
Over the past three years, NassWallet has been at the forefront of financial innovations. In an effort to enable consumers to have access to a range of digital financial services via their mobile phone, including person-to-person (P2P) payments, make and receive government and utilities payments, pay in-store with a QR Code and soon issuing virtual and physical Visa prepaid cards linked to the wallet.
NassWallet customers will be able to link their card to the wallet to process online payments and add funds to their wallet at their convenience. At the same time, have access to cash at over 1,000+ Agents and over 1million ATM globally that accept Visa cards.
Waleed Khalid, NassWallet CEO, said “We are excited to start this journey with Visa and build upon our existing collaborations to provide extensive digital banking solutions and products to improve the lives of people. While bringing to life our vision for seamless, innovative payment experiences to better serve our consumers, business partners, NGOs and the government. Financial inclusion is core to NassWallet’s mission and with VISA as our partner, we are confident adoption will be rapid across the country.”
NassWallet is an innovative customer centric, convenient, powerful digital finance centre that lives on your mobile device. It is created to provide greater financial access to the largely unbanked but highly connected population of Iraq to make the leap from cash to a cashless society.
Founded in 2019 with headquarters in Erbil, NassWallet provides individuals, businesses and government institutions a digitalised way to make everyday spending and savings to disbursing salary and incentives, receiving payments, sending money and paying bills easily and securely.
To find out more about how NassWallet is enhancing financial inclusion and enabling economic growth in Iraq, please visit: www.nw.iq