Page 11 - Qi GROUP PR REPORT - JULY & AUGUST 2026

Opinion Article

rather than technology alone. In this context, digital payments should be considered not as
an end in themselves, but as a catalyst for building a more connected and dynamic economy.

Since its establishment, Qi Group has regarded digitization of payments to a much broader
objective rather than an end in itself. Our focus has always been to remove barriers that limit

people’s access to essential services. Experiences have shown that enabling citizens to
receive digital money is only the beginning of a much larger journey. As digital adoption

grows, so do expectations for secure payment solutions, effective savings management,
responsible financing, seamless participation in eCommerce, and easier access to government

services. Each of these requirements creates an opportunity to develop an additional solution,
allowing the digital infrastructure to evolve into an expanding ecosystem that continuously
adapts to the evolving needs of individuals, businesses, and society.

From a payments company to a comprehensive digital ecosystem

At Qi Group, we believe that a digital economy is not built through isolated solutions, but

through interconnected systems. This conviction has guided our evolution from a company

focused on cards and transactions into a comprehensive technology ecosystem encompassing
financial services, artificial intelligence, digital commerce, education, media, logistics, and
digital government solutions. Bringing these sectors together within a unified infrastructure

has created a seamless digital experience that simplifies everyday life in Iraq and fosters
greater connectivity.

Infrastructure first

Today, the Group serves nearly 22 million accounts and has issued more than 25 million Qi

Cards, supporting over 160,000 merchants across Iraq. Beyond their scale, these figures
underscore an infrastructure that allows millions of Iraqis to receive their salaries digitally,

operate their businesses, participate in e-Commerce and seamlessly access government
services.

As this ecosystem continues to expand, artificial intelligence (AI) has become a key part of

our operations, especially in fraud prevention and compliance, enhancing customer experience
and facilitating decision-making.