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7/23/26, 12:07 PM Money20/20 Europe 2026 How Qi Carried Iraq’s Digital Transformation Story to the World’s Largest Fintech Stage - Middle East B…
Money20/20 Europe 2026 How Qi Carried Iraq’s

Digital Transformation Story to the World’s Largest

Fintech Stage

July 22, 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.

Geographic Reference
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.

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