Page 44 - Qi GROUP PR REPORT - JULY & AUGUST 2026

7/23/26, 12:08 PM Latest News

Money20/20 Europe 2026 How Qi Carried Iraq’s Digital Transformation Story to

the World’s Largest Fintech Stage
23/07/2026

22 July 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.
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.
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
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