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7/23/26, 12:04 PM How Qi carried Iraq’s digital transformation story to the world’s largest fintech stage, Money20/20 Europe 2026 | ZAWYA

Today, Qi serves more than 22 million users and has issued over 25 million payment cards. Image Courtesy: Qi

FINTECH

How Qi carried Iraq’s digital transformation story
to the world’s largest fintech stage, Money20/20
Europe 2026

It was an opportunity to put Iraq on the global map of financial innovation

Press Release

Published 22 July 2026, 15:28 (GMT+4)

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.”

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