NEO Pay Iraq issues virtual and physical prepaid cards connected to a digital mobile app, enabling Iraqi residents to shop and pay online through websites, mobile apps, and POS machines. With 212,000 active cardholders and a network of over 650 agents, the company processed $509 million of transactions in 2024. The app had been downloaded 420,000 times as of December 2024. NEO Pay Iraq also has partnerships with Visa and NymCard, and it plans to launch a new project aimed at supporting SMEs in Iraq in 2025.