Page 19 - Qi GROUP PR REPORT - JULY & AUGUST 2026

8/5/26, 11:37 AM Qi Showcases Iraq’s Digital Finance Transformation at Money20/20 Europe 2026 - Business Today Middle East
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
Of
ficer at Qi Group
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.

The participation also highlighted Qi’s vision for deploying artificial intelligence — not only to improve the customer experience,
but also to strengthen compliance, sharpen fraud, detection capabilities, automate operations, and develop digital services
tailored to the needs of the Iraqi market.

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