Page 14 - Qi GROUP PR REPORT - JULY & AUGUST 2026

Press Release

Money20/20 Europe 2026

How Qi Carried Iraq’s Digital Transformation Story to the
World’s Largest Fintech Stage

22 July 2026: As fintech leaders, global payment networks, banks, and policymakers gathered
at Money20/20 Europe 2026 -that was held in Amsterdam- to shape the future of financial
services, Iraq had a different story to tell.

While the conversation elsewhere centred on artificial intelligence, payments, and digital
identity, Qi arrived with an Iraqi story that shows digital transformation is not built on
technology alone, it is built on national infrastructure capable of connecting citizens,
merchants, government, and the financial sector within a single digital ecosystem.

This was more than attendance at a global conference. It was an opportunity to put Iraq on the
global map of financial innovation and to showcase the genuine transformation achieved in
recent years in one of the region’s most promising markets.

Today, Qi serves more than 22 million users and has issued over 25 million payment cards,
with a network connecting more than 160,000 merchants across Iraq, making it one of the
largest digital financial platforms in the Middle East and a key engine of Iraq’s digital economy.

But the numbers are only part of the story. over nearly two decades, Qi has evolved from an
electronic payment specialist into a fully integrated digital ecosystem spanning payments,
financial services, merchant enablement, digital identity, and integration with government
services, becoming the infrastructure underpinning millions of daily transactions in Iraq.

Ahmed Kadhum Mohammed, Chief Investments Officer at Qi Group, said: “Money20/20
is more than a global conference; it is where the ideas that will define the future of financial
services are debated. Our participation is not just about keeping pace with the latest innovation;
it is about showing that Iraq now has a digital experience worthy of a place in this global
conversation. Through technology, innovation, and strategic partnerships, we are connecting
millions of Iraqis to the global digital economy and creating new opportunities for business
and investment.”

Over the course of the conference, Qi’s delegation held a series of meetings with major global
payment networks, financial institutions, technology leaders, and investors to explore
cooperation in artificial intelligence, digital identity, embedded finance, cross, border trade,
and merchant, enablement ecosystems.

These were more than business meetings; they reflected growing interest in Iraq’s advancing
digital infrastructure and the significant potential of its financial market in the years ahead.