Page 55 - Qi GROUP PR REPORT - JULY & AUGUST 2026

8/5/26, 10:38 AM From Amsterdam To Baghdad: Why Iraq's Digital Future Is Closer Than Ever
broader financial landscape. For emerging economies, it offers substantial opportunities to create more
agile and connected economic models.

This raises a fundamental question: Where does Iraq stand in this global transformation?

Iraq is increasingly well positioned for digital transformation, thanks to several key strengths. A young
population is driving the demand for technology, while government institutions continue to make steady
progress in advancing their digital transformation initiatives. These factors provide Iraq with a unique
opportunity not only to keep pace with the changes happening across the globe, but also to leapfrog
conventional stages of development that other economies have had to navigate and establish itself as
a forward-looking model for digital innovation.

Payments: the beginning, not the end

Experiences from around the world demonstrate that even the most routine digital transaction 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 efficiently, empower
individuals to manage their finances confidently, and equip government 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
operations, especially in fraud prevention and compliance, enhancing customer experience and
facilitating decision-making.

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