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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
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 providers, we continue to develop more efficient, higher, impact services that support
Iraq’s long, term economic development.”
Today, Qi’s focus extends well beyond digital payments, expanding into digital commerce, merchant enablement,
financial services, artificial intelligence, and digital infrastructure — built on the conviction that the future of the
economy is not shaped by standalone services, but by interconnected systems linking people to business,
government, and markets.
As Money20/20 Europe 2026 drew to a close, Qi’s delegation carried home more than new meetings and
partnerships, it carried a message: Iraq is no longer watching digital transformation from a distance. It has become a
partner in shaping its future.

At a moment when the world was debating the future of fintech, Iraq was telling a different story — the story of an
economy in transition, national companies building for the future, and a new generation that sees innovation as the
path to development and prosperity.

That, perhaps, was the most important message Qi carried.

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