diff --git a/src/components/MoneyReportHeader.tsx b/src/components/MoneyReportHeader.tsx
index e904e787267a8..c681897c4a57a 100644
--- a/src/components/MoneyReportHeader.tsx
+++ b/src/components/MoneyReportHeader.tsx
@@ -17,8 +17,7 @@ import useTheme from '@hooks/useTheme';
 import useThemeStyles from '@hooks/useThemeStyles';
 import {turnOffMobileSelectionMode} from '@libs/actions/MobileSelectionMode';
 import {downloadReportPDF, exportReportToCSV, exportReportToPDF, exportToIntegration, markAsManuallyExported, openUnreportedExpense} from '@libs/actions/Report';
-import {convertToDisplayString} from '@libs/CurrencyUtils';
-import {getThreadReportIDsForTransactions} from '@libs/MoneyRequestReportUtils';
+import {getThreadReportIDsForTransactions, getTotalAmountForIOUReportPreviewButton} from '@libs/MoneyRequestReportUtils';
 import Navigation from '@libs/Navigation/Navigation';
 import {buildOptimisticNextStepForPreventSelfApprovalsEnabled} from '@libs/NextStepUtils';
 import {getConnectedIntegration} from '@libs/PolicyUtils';
@@ -31,7 +30,6 @@ import {
     getBankAccountRoute,
     getIntegrationIcon,
     getIntegrationNameFromExportMessage as getIntegrationNameFromExportMessageUtils,
-    getMoneyRequestSpendBreakdown,
     getNonHeldAndFullAmount,
     getTransactionsWithReceipts,
     hasHeldExpenses as hasHeldExpensesReportUtils,
@@ -179,7 +177,6 @@ function MoneyReportHeader({policy, report: moneyRequestReport, transactionThrea
     const theme = useTheme();
     const {translate} = useLocalize();
     const {isOffline} = useNetwork();
-    const {reimbursableSpend} = getMoneyRequestSpendBreakdown(moneyRequestReport);
     const isOnHold = isOnHoldTransactionUtils(transaction);
 
     const [isHoldMenuVisible, setIsHoldMenuVisible] = useState(false);
@@ -285,10 +282,8 @@ function MoneyReportHeader({policy, report: moneyRequestReport, transactionThrea
 
     const shouldShowNextStep = isFromPaidPolicy && !!optimisticNextStep?.message?.length && !shouldShowStatusBar;
     const bankAccountRoute = getBankAccountRoute(chatReport);
-    const formattedAmount = convertToDisplayString(reimbursableSpend, moneyRequestReport?.currency);
     const {nonHeldAmount, fullAmount, hasValidNonHeldAmount} = getNonHeldAndFullAmount(moneyRequestReport, shouldShowPayButton);
     const isAnyTransactionOnHold = hasHeldExpensesReportUtils(moneyRequestReport?.reportID);
-    const displayedAmount = isAnyTransactionOnHold && canAllowSettlement && hasValidNonHeldAmount ? nonHeldAmount : formattedAmount;
     const {isDelegateAccessRestricted} = useDelegateUserDetails();
     const [isNoDelegateAccessMenuVisible, setIsNoDelegateAccessMenuVisible] = useState(false);
     const [isLoadingReportData] = useOnyx(ONYXKEYS.IS_LOADING_REPORT_DATA, {canBeMissing: true});
@@ -460,6 +455,10 @@ function MoneyReportHeader({policy, report: moneyRequestReport, transactionThrea
         [moneyRequestReport?.reportID, translate],
     );
 
+    const getAmount = (actionType: ValueOf<typeof CONST.REPORT.REPORT_PREVIEW_ACTIONS>) => ({
+        formattedAmount: getTotalAmountForIOUReportPreviewButton(moneyRequestReport, policy, actionType),
+    });
+
     const primaryActionsImplementation = {
         [CONST.REPORT.PRIMARY_ACTIONS.SUBMIT]: (
             <Button
@@ -477,7 +476,7 @@ function MoneyReportHeader({policy, report: moneyRequestReport, transactionThrea
             <Button
                 success
                 onPress={confirmApproval}
-                text={translate('iou.approve')}
+                text={translate('iou.approve', getAmount(CONST.REPORT.PRIMARY_ACTIONS.APPROVE))}
             />
         ),
         [CONST.REPORT.PRIMARY_ACTIONS.PAY]: (
@@ -498,7 +497,7 @@ function MoneyReportHeader({policy, report: moneyRequestReport, transactionThrea
                 shouldHidePaymentOptions={!shouldShowPayButton}
                 shouldShowApproveButton={shouldShowApproveButton}
                 shouldDisableApproveButton={shouldDisableApproveButton}
-                formattedAmount={!hasOnlyHeldExpenses ? displayedAmount : ''}
+                formattedAmount={getAmount(CONST.REPORT.PRIMARY_ACTIONS.PAY).formattedAmount}
                 isDisabled={isOffline && !canAllowSettlement}
                 isLoading={!isOffline && !canAllowSettlement}
             />
@@ -626,7 +625,7 @@ function MoneyReportHeader({policy, report: moneyRequestReport, transactionThrea
             },
         },
         [CONST.REPORT.SECONDARY_ACTIONS.APPROVE]: {
-            text: translate('iou.approve'),
+            text: translate('iou.approve', getAmount(CONST.REPORT.SECONDARY_ACTIONS.APPROVE)),
             icon: Expensicons.ThumbsUp,
             value: CONST.REPORT.SECONDARY_ACTIONS.APPROVE,
             onSelected: () => {
diff --git a/src/components/ReportActionItem/MoneyRequestReportPreview/MoneyRequestReportPreviewContent.tsx b/src/components/ReportActionItem/MoneyRequestReportPreview/MoneyRequestReportPreviewContent.tsx
index 8912efcf8b1b1..142e592bbf491 100644
--- a/src/components/ReportActionItem/MoneyRequestReportPreview/MoneyRequestReportPreviewContent.tsx
+++ b/src/components/ReportActionItem/MoneyRequestReportPreview/MoneyRequestReportPreviewContent.tsx
@@ -59,7 +59,7 @@ import {
     isTripRoom as isTripRoomReportUtils,
     isWaitingForSubmissionFromCurrentUser as isWaitingForSubmissionFromCurrentUserReportUtils,
 } from '@libs/ReportUtils';
-import {getMerchant, hasPendingUI, isCardTransaction, isPartialMerchant, isPending} from '@libs/TransactionUtils';
+import {hasPendingUI, isCardTransaction, isPending} from '@libs/TransactionUtils';
 import colors from '@styles/theme/colors';
 import variables from '@styles/variables';
 import {approveMoneyRequest, canIOUBePaid as canIOUBePaidIOUActions, payInvoice, payMoneyRequest, startMoneyRequest, submitReport} from '@userActions/IOU';
@@ -185,12 +185,6 @@ function MoneyRequestReportPreviewContent({
     const hasReceipts = transactionsWithReceipts.length > 0;
     const isScanning = hasReceipts && areAllRequestsBeingSmartScanned;
 
-    let formattedMerchant = numberOfRequests === 1 ? getMerchant(lastTransaction) : undefined;
-
-    if (isPartialMerchant(formattedMerchant ?? '')) {
-        formattedMerchant = undefined;
-    }
-
     // The submit button should be success green color only if the user is submitter and the policy does not have Scheduled Submit turned on
     const isWaitingForSubmissionFromCurrentUser = useMemo(() => isWaitingForSubmissionFromCurrentUserReportUtils(chatReport, policy), [chatReport, policy]);
     const [isNoDelegateAccessMenuVisible, setIsNoDelegateAccessMenuVisible] = useState(false);
@@ -495,7 +489,7 @@ function MoneyRequestReportPreviewContent({
         ),
         [CONST.REPORT.REPORT_PREVIEW_ACTIONS.APPROVE]: (
             <Button
-                text={translate('iou.approve')}
+                text={translate('iou.approve', {formattedAmount: getTotalAmountForIOUReportPreviewButton(iouReport, policy, reportPreviewAction)})}
                 success
                 onPress={() => confirmApproval()}
             />
diff --git a/src/libs/MoneyRequestReportUtils.ts b/src/libs/MoneyRequestReportUtils.ts
index b8805b7c84b57..dcbb7f1aa8484 100644
--- a/src/libs/MoneyRequestReportUtils.ts
+++ b/src/libs/MoneyRequestReportUtils.ts
@@ -91,60 +91,6 @@ function shouldDisplayReportTableView(report: OnyxEntry<Report>, transactions: T
     return !isReportTransactionThread(report) && !isSingleTransactionReport(report, transactions);
 }
 
-/* This function is a legacy used for old version of MoneyReportHeader & ReportPreview, do not use it in new versions or anywhere else */
-/**
- * Determines the appropriate button type for the IOU Report Preview based on the given flags.
- *
- * @param flags - An object containing boolean flags indicating button visibility options.
- * @param flags.shouldShowSubmitButton - Flag indicating if the submit button should be shown.
- * @param flags.shouldShowExportIntegrationButton - Flag indicating if the export integration button should be shown.
- * @param flags.shouldShowRBR - Flag indicating if the RBR button should be shown.
- * @param flags.shouldShowSettlementButton - Flag indicating if the settlement button should be shown.
- * @param flags.shouldShowPayButton - Flag indicating if the pay button should be shown.
- * @param flags.shouldShowApproveButton - Flag indicating if the approve button should be shown.
- * @returns - Returns the type of button that should be displayed based on the input flags.
- */
-const getIOUReportPreviewButtonType = ({
-    shouldShowSubmitButton,
-    shouldShowExportIntegrationButton,
-    shouldShowApproveButton,
-    shouldShowSettlementButton,
-    shouldShowPayButton,
-    shouldShowRBR,
-}: {
-    shouldShowSubmitButton: boolean;
-    shouldShowExportIntegrationButton: boolean;
-    shouldShowRBR: boolean;
-    shouldShowSettlementButton: boolean;
-    shouldShowPayButton: boolean;
-    shouldShowApproveButton: boolean;
-}): ValueOf<typeof CONST.REPORT.REPORT_PREVIEW_ACTIONS> => {
-    const shouldShowSettlementWithoutRBR = shouldShowSettlementButton && !shouldShowRBR;
-    const shouldShowSettlementOrRBR = shouldShowSettlementButton || shouldShowRBR;
-    const shouldShowSettlementOrExport = shouldShowSettlementButton || shouldShowExportIntegrationButton;
-
-    if (shouldShowSettlementWithoutRBR && shouldShowPayButton) {
-        return CONST.REPORT.REPORT_PREVIEW_ACTIONS.PAY;
-    }
-    if (shouldShowSettlementWithoutRBR && shouldShowApproveButton) {
-        return CONST.REPORT.REPORT_PREVIEW_ACTIONS.APPROVE;
-    }
-
-    if (!shouldShowSettlementOrRBR && shouldShowExportIntegrationButton) {
-        return CONST.REPORT.REPORT_PREVIEW_ACTIONS.EXPORT_TO_ACCOUNTING;
-    }
-
-    if (shouldShowRBR && !shouldShowSubmitButton && shouldShowSettlementOrExport) {
-        return CONST.REPORT.REPORT_PREVIEW_ACTIONS.REVIEW;
-    }
-
-    if (shouldShowSubmitButton) {
-        return CONST.REPORT.REPORT_PREVIEW_ACTIONS.SUBMIT;
-    }
-
-    return CONST.REPORT.REPORT_PREVIEW_ACTIONS.REVIEW;
-};
-
 /**
  * Determines the total amount to be displayed based on the selected button type in the IOU Report Preview.
  *
@@ -186,7 +132,6 @@ export {
     getThreadReportIDsForTransactions,
     getTotalAmountForIOUReportPreviewButton,
     selectAllTransactionsForReport,
-    getIOUReportPreviewButtonType,
     isSingleTransactionReport,
     shouldDisplayReportTableView,
 };
diff --git a/src/libs/ReportPrimaryActionUtils.ts b/src/libs/ReportPrimaryActionUtils.ts
index af93251170659..cd2df19fe612a 100644
--- a/src/libs/ReportPrimaryActionUtils.ts
+++ b/src/libs/ReportPrimaryActionUtils.ts
@@ -19,6 +19,7 @@ import {
     getMoneyRequestSpendBreakdown,
     getParentReport,
     hasExportError as hasExportErrorUtil,
+    hasOnlyHeldExpenses,
     isArchivedReport,
     isClosedReport as isClosedReportUtils,
     isCurrentUserSubmitter,
@@ -269,6 +270,8 @@ function getReportPrimaryAction(
     reportNameValuePairs?: ReportNameValuePairs,
     reportActions?: ReportAction[],
 ): ValueOf<typeof CONST.REPORT.PRIMARY_ACTIONS> | '' {
+    const isPayActionWithAllExpensesHeld = isPayAction(report, policy, reportNameValuePairs) && hasOnlyHeldExpenses(report?.reportID);
+
     if (isAddExpenseAction(report, reportTransactions)) {
         return CONST.REPORT.PRIMARY_ACTIONS.ADD_EXPENSE;
     }
@@ -281,7 +284,7 @@ function getReportPrimaryAction(
         return CONST.REPORT.PRIMARY_ACTIONS.REVIEW_DUPLICATES;
     }
 
-    if (isRemoveHoldAction(report, reportTransactions)) {
+    if (isRemoveHoldAction(report, reportTransactions) || isPayActionWithAllExpensesHeld) {
         return CONST.REPORT.PRIMARY_ACTIONS.REMOVE_HOLD;
     }