Reada wallet

Reada electronic wallet

Pay premiums instantly, receive claim payments and refunds, send money to your family and top up with cash at our agents, all from your customer portal account.

The wallet launches with real money once it holds a Central Bank of Iraq e-payment licence or works through a licensed partner. Until then it may appear in test mode with balances that have no value.

What the wallet offers

Instant premium payment

Pay your premium from your balance; the policy is issued and your copy is ready at once.

Faster claim payments

Receive claim payments and refunds in your wallet.

Send to loved ones

Send to any customer wallet after checking their masked name.

Cash-in at agents

Top up your wallet with cash at approved Reada agents.

Top up by card

Top up through the secure payment gateway, or pay the premium by card directly.

Withdraw any time

Withdraw to your bank account or other wallet after a finance check.

Your balance is protected

Every movement is a double entry in a ledger that cannot be edited or deleted, and total balances are reconciled with the safeguarding bank account.
Balance and spending limits by verification level, and compliance alerts for large amounts.
Withdrawals, cash deposits and corrections are approved by an independent finance checker.
Any wallet can be frozen at once on suspicion, and lifting the freeze needs a second compliance officer.