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8/5/26, 11:40 AM Qi Showcases Iraq’s Digital Finance Transformation at Money20/20 Europe 2026
Qi Showcases Iraq’s Digital Finance Transformation at Money20/20 Europe 2026

24 July 2026 | Friday | News

Highlighting a digital ecosystem serving more than 22 million users, Qi demonstrated how integrated payments, digital
identity, AI, and government partnerships are driving financial inclusion and positioning Iraq as an emerging fintech
innovator on the global stage.

Picture Courtesy | Public Domain

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.

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