Page 51 - Qi GROUP PR REPORT - JULY & AUGUST 2026

8/5/26, 10:37 AM From Amsterdam to Baghdad: Why Iraq’s digital future is closer than ever - Middle East Business News and Information - mid-east.i…
can become the foundation of a direct and meaningful relationship between citizens and the
services they depend on. It can save retirees valuable time, help small businesses expand

institutions with clearer and more effective tools to deliver services. These everyday
experiences reinforce a fundamental truth: digital transformation is driven by people’s needs

rather than technology alone. In this context, digital payments should be considered not as an
end in themselves, but as a catalyst for building a more connected and dynamic economy.

Since its establishment, Qi Group has regarded digitization of payments to a much broader

objective rather than an end in itself. Our focus has always been to remove barriers that limit
people’s access to essential services. Experiences have shown that enabling citizens to receive
digital money is only the beginning of a much larger journey. As digital adoption grows, so do

expectations for secure payment solutions, effective savings management, responsible
financing, seamless participation in eCommerce, and easier access to government services.

Each of these requirements creates an opportunity to develop an additional solution, allowing
the digital infrastructure to evolve into an expanding ecosystem that continuously adapts to the

evolving needs of individuals, businesses, and society.

From a payments company to a comprehensive digital ecosystem:

At Qi Group, we believe that a digital economy is not built through isolated solutions, but

through interconnected systems. This conviction has guided our evolution from a company
focused on cards and transactions into a comprehensive technology ecosystem encompassing

financial services, artificial intelligence, digital commerce, education, media, logistics, and
digital government solutions. Bringing these sectors together within a unified infrastructure has

created a seamless digital experience that simplifies everyday life in Iraq and fosters greater
connectivity.

Infrastructure first:

Today, the Group serves nearly 22 million accounts and has issued more than 25 million Qi
Cards, supporting over 160,000 merchants across Iraq. Beyond their scale, these figures

underscore an infrastructure that allows millions of Iraqis to receive their salaries digitally,
operate their businesses, participate in e-Commerce and seamlessly access government

services.

As this ecosystem continues to expand, artificial intelligence (AI) has become a key part of our

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