VeePay
Founded in 2021 · Iraq

Building the Financial Technology Infrastructure for Iraq's Digital Economy.

VeePay is a payments technology company providing modern payment routing, unified APIs, and financial reporting software for businesses across Iraq and the region.

Smart Multi-Rail SwitchVeePay Orchestration Engine
99.98% Uptime SLA
Unified API IntermediaryAvg Latency: 29ms

Single technical integration point dynamically routing transactions with automatic failover.

Connected Payment RailsAll Systems Online
ZainCash Direct
24msOperational
First Iraqi Bank (FIB)
28msOperational
QiCard Iraqi Switch
32msOperational
AsiaPay Gateway
22msOperational
Visa / Mastercard Global
45msOperational
PCI DSS Level 1 CertifiedZero Fund Holding
2021
Founding Year
IT & Fintech
Core Expertise
5+ Rails
Iraqi Gateways Unified
0% Fee
Waitlist Merchant Offer
Our Journey

Our Journey & Mission

Founded in 2021 in Duhok, Kurdistan Region, VeePay began as a dedicated technology company building high-performance enterprise applications, mobile platforms, and ERP management systems for Iraqi enterprises across retail, distribution, and services.

As we deployed business software across the country, we ran into a massive industry bottleneck: Iraqi payment rails were deeply fragmented. Every digital wallet and card switch required separate merchant agreements, incompatible APIs, and isolated bank settlements. To solve this, we engineered an internal multi-rail routing engine that connected every Iraqi payment network through a single interface.

Recognizing how vital this infrastructure is for Iraq's growing digital economy, we opened VeePay to all merchants, e-commerce founders, and developers. Today, VeePay operates as an advanced technical payment orchestration platform—allowing businesses to integrate once and connect directly to ZainCash, FIB, FastPay, QiCard, AsiaPay, and Visa/Mastercard without managing separate technical connections or holding funds.

VeePay Milestones & Architecture

21
2021 — Company Founded

Launched IT & Fintech startup developing custom Web, Mobile & ERP enterprise systems for Iraqi markets.

23
2023 — Orchestration Engine Breakthrough

Engineered multi-rail routing & orchestration engine unifying fragmented wallet checkouts into one single API.

26
2026 — Public Infrastructure Launch

Opened unified technical infrastructure and double-entry reconciliation ledger for all businesses in Iraq.

Infrastructure Architecture

The Core Technology Pillars

Identity & Tech

Payments Technology Infrastructure Company Built for Iraq

VeePay is a payments technology company built in and for Iraq and the Kurdistan Region. The platform combines international payment engineering standards with direct local rail connectivity, giving businesses a modern way to accept, route, and reconcile payments across cards, wallets, and banks.

Non-custodial technical layer without holding client funds
Bank-grade 256-bit TLS encryption & ISO-compliant data standards
Native IQD processing and double-entry ledgering
Architecture ModeNon-Custodial · Direct Settle
1. Client / Merchant App
REST / SDK
2. VeePay Orchestration Layer
Routing & Double-Entry Ledger
0 Custody
3. Licensed Banks & Wallets
Direct Merchant Bank Account
Settled
Live Routing & Reconcile Simulator

Experience Real-Time Non-Custodial Payment Routing

First Iraqi Bank (FIB)
Latency < 2.0s
Integration Type
Direct Open Banking
Settlement Route
Scheduled Direct Settlement
Ledger Accounting Currency:
IQD (الدينار العراقي)
Encrypted Direct Rail
Double-Entry Logged
webhook_reconciliation.json
{
  "event": "payment.succeeded",
  "rail": "fib_direct",
  "transaction_id": "tx_fib_9082341",
  "amount": 75000,
  "currency": "IQD",
  "direct_settlement_ref": "FIB-SETTLE-891023",
  "custody_type": "non_custodial_direct",
  "status": "reconciled"
}
Status: HTTP 200 OKSettled via Direct Rail
Why We Build

Our Core Principles

99.98% Reliability

Financial infrastructure must never fail. We engineer multi-datacenter redundancy, zero-loss ledgers, and automated failovers.

Built for Iraqi Realities

We design specifically for local commerce—handling Iraqi Dinar (IQD) transactions, mobile wallet checkouts, and scheduled bank settlement.

Unified Simplicity

We replace fragmented multi-provider integrations with one clean API, clear documentation, and transparent pricing.