“Tidbits From TNT” Friday 2-27-2026
TNT:
Tishwash: Egypt's MoneyHash & Iraqi Startup Wayl Partner to Expand E-Payments
The payment orchestration platform is working with Iraqi provider Wayl to help businesses access local payment methods.
MoneyHash, a payment orchestration platform that helps businesses manage and route transactions across multiple payment providers through a single integration, has partnered with Wayl, an Iraq-based payment solutions provider and merchant of record, to support companies expanding into Iraq.
Payment orchestration platforms like MoneyHash sit between merchants and banks, card networks, and digital wallets, enabling businesses to optimise payment flows, reduce failed transactions and manage multiple providers without building separate integrations for each market.
Wayl operates local payment infrastructure in Iraq, providing access to widely used domestic wallets, bank-based payment options and localised checkout systems. As a merchant of record, Wayl can legally process payments on behalf of foreign businesses, handling regulatory and operational requirements within the country.
The collaboration connects MoneyHash’s orchestration layer with Wayl’s on-the-ground payment rails, allowing merchants to accept international card schemes alongside Iraqi payment methods through a unified system. link
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Tishwash: The Central Bank of Iraq announces the completion of a pivotal step in reforming the banking sector and expanding foreign transactions.
The Central Bank of Iraq announced on Thursday that it has completed the main step in the comprehensive reform process for commercial and Islamic banks and branches of foreign banks operating in Iraq, after completing the submission of the required documents for review in accordance with the “minimum requirements”.
The bank explained in a statement received by "Al-Eqtisad News" that the minimum requirements included choosing one of the following three paths: continuing in the market as independent banking institutions, merging with other banking institutions, or exiting the market.
The Central Bank of Iraq confirmed that all Iraqi banks submitted the required documents according to the path they chose, which allows the bank to assess the level of compliance of each bank with the minimum requirements.
He explained that the coming months will see the addressing of any gaps or observations identified during the evaluation process, and that banks will work to complete the requirements for full compliance with banking reform standards.
As part of strengthening the role of private banks in supporting the economy, the Central Bank of Iraq announced the launch of a new initiative to expand the banks’ ability to support international trade for their clients. Banks that meet specific criteria, as assessed by the Central Bank, will be allowed to resume cross-border transactions and issue letters of credit in several international currencies, including the euro, the UAE dirham, the Chinese yuan, the Jordanian dinar, and others.
The bank indicated that this step complements the reform path it is leading to enhance confidence in the future of the Iraqi economy, deepen the global integration of the financial sector, and support sustainable economic growth in Iraq link
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Tishwash: Iraq reopens cross-border trade channel for private lenders
Iraq’s Central Bank (CBI) cleared private banks to resume cross-border transactions and issue letters of credit in multiple foreign currencies, in a move aimed at strengthening trade financing and accelerating banking reform, the CBI said on Thursday.
In a statement, the bank noted it completed “a key phase of a comprehensive reform process covering commercial and Islamic banks and branches of foreign banks.” The step required institutions to submit documentation for review under “minimum requirements,” selecting one of three paths: continuing operations as independent banking institutions, merging with other banks, or exiting the market.
All Iraqi banks have submitted the required documents in line with the path each chose, and they will address any identified gaps in the coming months, the CBI added.
Under the new initiative, private banks that meet specific standards based on the central bank’s assessment will be permitted to resume cross-border transactions and issue letters of credit in several international currencies, including the euro, UAE dirham, Chinese yuan, and Jordanian dinar, among others.
THE CENTRAL BANK .. Banks chose their way in the reform processes and a new initiative to raise their capacity
The Iraqi Central Bank announces the completion of the major step in the process of comprehensive reform of commercial and Islamic banks and foreign banking branches by submitting the required documents for review in accordance with the "minimum requirements" which summarized by choosing one of the three tracks, which is "continuing in the market as independent banking institutions, merging with other banking institutions, or exiting From the market".
The Iraqi Central Bank affirms that all Iraqi banks have submitted the required documents according to the route they had chosen, allowing the central bank to assess its level of acceptance for the minimum requirements. Over the coming months, banks will work to address any loopholes that are identified, and will strive to achieve full compliance with repair standards.
This bank also announces a new initiative to expand the capacity of private banks to support international trade to its customers, where banks that meet certain criteria according to the assessment of the Iraqi Central Bank will be allowed to resume cross-border transactions and issue credentials based on many international currencies, including the euro, the UAE Dirham, the Chinese Yuan, the Jordanian Dinar, among others.
This step is a continuation of the path laid out by the Iraqi Central Bank to strengthen confidence in the future of the Iraqi economy, global cohesion with the financial sector, and to lead the sustainable growth of Iraq. link
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Mot: Things have names.
