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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 | Al Bawaba
Money20/20 Europe 2026 How Qi Carried Iraq’s Digital

Transformation Story to the World’s Largest Fintech

Stage

Published July 23rd, 2026 - 03:54 GMT

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.
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
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