Page 23 - Qi GROUP PR REPORT - JULY & AUGUST 2026

8/5/26, 11:38 AM How Qi Carried Iraq’s Digital Transformation Story to the World’s Largest Fintech Stage – UAE NEWS TODAY
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.

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.

Bahaa Abdul Hadi, Chairman of Qi, affirmed that this vision extends beyond

technology, saying: “Our goal is to build a more financially inclusive and digitally connected
Iraq. Financial inclusion is not merely a banking service; it is a pillar of economic
development and improved quality of life. Through investment in innovation and global
partnerships, we continue to build a modern digital economy that serves all Iraqis.”

This vision reflects a broader shift underway in Iraq, where digital infrastructure has become
a fundamental enabler of trade, investment, government services, and cross-border
transactions, opening new horizons for the national economy and deepening its integration
into the global economy.

Ali Hussein Munim, CEO of Qi, added: “Our journey was never about building a
payments company; it was about building a fully integrated digital ecosystem. In
partnership with government institutions, financial partners, merchants, and technology

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