diff --git a/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsPage.js b/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsPage.js
index b44b956ac547..84ea24f4da6b 100644
--- a/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsPage.js
+++ b/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsPage.js
@@ -10,14 +10,13 @@ import MoneyRequestParticipantsSplitSelector from './MoneyRequestParticipantsSpl
 import MoneyRequestParticipantsSelector from './MoneyRequestParticipantsSelector';
 import styles from '../../../../styles/styles';
 import ScreenWrapper from '../../../../components/ScreenWrapper';
-import withLocalize, {withLocalizePropTypes} from '../../../../components/withLocalize';
 import Navigation from '../../../../libs/Navigation/Navigation';
-import compose from '../../../../libs/compose';
 import * as DeviceCapabilities from '../../../../libs/DeviceCapabilities';
 import HeaderWithBackButton from '../../../../components/HeaderWithBackButton';
 import * as IOU from '../../../../libs/actions/IOU';
 import * as MoneyRequestUtils from '../../../../libs/MoneyRequestUtils';
 import {iouPropTypes, iouDefaultProps} from '../../propTypes';
+import useLocalize from '../../../../hooks/useLocalize';
 
 const propTypes = {
     /** React Navigation route */
@@ -37,8 +36,6 @@ const propTypes = {
 
     /** The current tab we have navigated to in the request modal. String that corresponds to the request type. */
     selectedTab: PropTypes.oneOf([CONST.TAB.DISTANCE, CONST.TAB.MANUAL, CONST.TAB.SCAN]).isRequired,
-
-    ...withLocalizePropTypes,
 };
 
 const defaultProps = {
@@ -46,16 +43,32 @@ const defaultProps = {
 };
 
 function MoneyRequestParticipantsPage(props) {
+    const {translate} = useLocalize();
     const prevMoneyRequestId = useRef(props.iou.id);
     const iouType = useRef(lodashGet(props.route, 'params.iouType', ''));
     const reportID = useRef(lodashGet(props.route, 'params.reportID', ''));
+    const isNewReportIDSelectedLocally = useRef(false);
     const optionsSelectorRef = useRef();
     const isDistanceRequest = MoneyRequestUtils.isDistanceRequest(iouType.current, props.selectedTab);
 
-    const navigateToNextStep = () => {
+    const splitNavigateToNextStep = () => {
         Navigation.navigate(ROUTES.getMoneyRequestConfirmationRoute(iouType.current, reportID.current));
     };
 
+    const moneyRequestNavigateToNextStep = (option) => {
+        isNewReportIDSelectedLocally.current = true;
+
+        if (!option.reportID) {
+            IOU.setMoneyRequestId(iouType.current);
+            Navigation.navigate(ROUTES.getMoneyRequestConfirmationRoute(iouType.current, reportID.current));
+
+            return;
+        }
+
+        IOU.setMoneyRequestId(`${iouType.current}${option.reportID}`);
+        Navigation.navigate(ROUTES.getMoneyRequestConfirmationRoute(iouType.current, option.reportID));
+    };
+
     const navigateBack = (forceFallback = false) => {
         Navigation.goBack(ROUTES.getMoneyRequestRoute(iouType.current, reportID.current), forceFallback);
     };
@@ -64,7 +77,7 @@ function MoneyRequestParticipantsPage(props) {
         // ID in Onyx could change by initiating a new request in a separate browser tab or completing a request
         if (prevMoneyRequestId.current !== props.iou.id) {
             // The ID is cleared on completing a request. In that case, we will do nothing
-            if (!isDistanceRequest && props.iou.id) {
+            if (!isNewReportIDSelectedLocally.current && !isDistanceRequest && props.iou.id) {
                 navigateBack(true);
             }
             return;
@@ -72,7 +85,7 @@ function MoneyRequestParticipantsPage(props) {
 
         // Reset the money request Onyx if the ID in Onyx does not match the ID from params
         const moneyRequestId = `${iouType.current}${reportID.current}`;
-        const shouldReset = props.iou.id !== moneyRequestId;
+        const shouldReset = props.iou.id !== moneyRequestId && !isNewReportIDSelectedLocally.current;
         if (shouldReset) {
             IOU.resetMoneyRequestInfo(moneyRequestId);
         }
@@ -94,12 +107,12 @@ function MoneyRequestParticipantsPage(props) {
             {({safeAreaPaddingBottomStyle}) => (
                 <View style={styles.flex1}>
                     <HeaderWithBackButton
-                        title={isDistanceRequest ? props.translate('common.distance') : props.translate('iou.cash')}
+                        title={isDistanceRequest ? translate('common.distance') : translate('iou.cash')}
                         onBackButtonPress={navigateBack}
                     />
                     {iouType.current === CONST.IOU.MONEY_REQUEST_TYPE.SPLIT ? (
                         <MoneyRequestParticipantsSplitSelector
-                            onStepComplete={navigateToNextStep}
+                            onStepComplete={splitNavigateToNextStep}
                             participants={props.iou.participants}
                             onAddParticipants={IOU.setMoneyRequestParticipants}
                             safeAreaPaddingBottomStyle={safeAreaPaddingBottomStyle}
@@ -107,7 +120,7 @@ function MoneyRequestParticipantsPage(props) {
                     ) : (
                         <MoneyRequestParticipantsSelector
                             ref={(el) => (optionsSelectorRef.current = el)}
-                            onStepComplete={navigateToNextStep}
+                            onStepComplete={moneyRequestNavigateToNextStep}
                             onAddParticipants={IOU.setMoneyRequestParticipants}
                             safeAreaPaddingBottomStyle={safeAreaPaddingBottomStyle}
                             iouType={iouType.current}
@@ -124,12 +137,11 @@ MoneyRequestParticipantsPage.displayName = 'IOUParticipantsPage';
 MoneyRequestParticipantsPage.propTypes = propTypes;
 MoneyRequestParticipantsPage.defaultProps = defaultProps;
 
-export default compose(
-    withLocalize,
-    withOnyx({
-        iou: {key: ONYXKEYS.IOU},
-        selectedTab: {
-            key: `${ONYXKEYS.COLLECTION.SELECTED_TAB}${CONST.TAB.RECEIPT_TAB_ID}`,
-        },
-    }),
-)(MoneyRequestParticipantsPage);
+export default withOnyx({
+    iou: {
+        key: ONYXKEYS.IOU,
+    },
+    selectedTab: {
+        key: `${ONYXKEYS.COLLECTION.SELECTED_TAB}${CONST.TAB.RECEIPT_TAB_ID}`,
+    },
+})(MoneyRequestParticipantsPage);
diff --git a/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsSelector.js b/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsSelector.js
index 693a55b14e07..e12672650a54 100755
--- a/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsSelector.js
+++ b/src/pages/iou/steps/MoneyRequstParticipantsPage/MoneyRequestParticipantsSelector.js
@@ -153,7 +153,7 @@ class MoneyRequestParticipantsSelector extends Component {
      */
     addSingleParticipant(option) {
         this.props.onAddParticipants([{accountID: option.accountID, login: option.login, isPolicyExpenseChat: option.isPolicyExpenseChat, reportID: option.reportID, selected: true}]);
-        this.props.onStepComplete();
+        this.props.onStepComplete(option);
     }
 
     render() {