“Can an Iraqi-origin payment service provider build the dominant card issuing and payment processing stack for merchants, governments, and individuals across the MENA region?”
Founded in 2021 in Iraq, Tabadul operates as an authorized payment service provider (PSP) offering end-to-end local and international card issuing, processing, and acquisition services for merchants, cardholders, companies, government agencies, and individuals. The company has expanded beyond its Iraqi base with presence in Jordan and Bahrain, positioning itself as a regional fintech infrastructure player. A separate entity called Tabadul.network appears to offer an insurance aggregation and cybersecurity marketplace under the same brand, though the relationship between the two is unclear from available evidence.