Qi – International Smart Card (Qi Card) is a leading financial technology company in Iraq, recognised for advancing digital payments and financial inclusion across the country. Established in 2007, Qi has played a central role in modernising Iraq’s financial infrastructure by providing digital payment solutions, card services, and e-wallet applications to millions of users nationwide.
Founded to address Iraq’s fragmented and cash-dependent financial system, Qi has become the country’s largest issuer and acquirer of electronic payments. As of 2025, the company serves over 10 million customers and processes transactions valued at over 100 billion USD annually. With over 13 million active accounts and cards, Qi has contributed significantly to increasing Iraq’s banked population from around 5% in 2007 to over 40% today.
Qi’s efforts in advancing Iraq’s fintech sector have earned it recognition both nationally and internationally. In 2023, the company received two significant awards at the International Finance Awards: “Best Credit Solutions Provider – Iraq” and “Fastest Growing E-Payment App – Iraq.” These awards reflect Qi’s ongoing investment in product development, user experience, and technological innovation.
Mission And Vision
Qi’s mission centres on creating secure, simple, and accessible financial tools for every Iraqi citizen. The company envisions a future in which digital payments replace cash transactions, promoting transparency, efficiency, and convenience across all sectors of the economy. By providing inclusive financial solutions, Qi aims to empower individuals, support small businesses, and strengthen Iraq’s digital economy.
As it continues to expand, Qi remains committed to innovation and collaboration. Its focus on technological advancement, customer accessibility, and regulatory compliance has positioned it as one of the key players in Iraq’s journey toward a cashless society. Through partnerships, digital platforms, and financial literacy initiatives, Qi seeks to ensure that every Iraqi participates in the evolving digital landscape.
Services And Technology
Qi’s services are designed to provide secure and accessible digital financial solutions. The company utilises biometric authentication technologies to ensure the safe distribution of government salaries, pensions, and social security payments. Its infrastructure includes a nationwide network of over 43,000 point-of-sale (POS) terminals and approximately 500 enrolment centres, covering all provinces of Iraq.
The company’s “Super Qi” mobile application offers a digital-first platform for financial transactions. Through the app, users can send and receive money, pay bills, make e-commerce purchases, scan to pay merchants, and support charitable donations. The platform connects individuals, businesses, and government entities, enabling a unified digital ecosystem for financial activity.
Financial Inclusion And Consumer Services
Qi has launched various credit and microfinance solutions to enhance financial access and support economic development.
Its programmes, such as “Salfni,” “Aqsati,” and “Buy Now Pay Later (BNPL)” enable users to obtain short-term credit, pay in instalments, or finance purchases for education, small businesses, and household goods. These services are intended to help Iraqi citizens manage expenses, pursue personal goals, and participate more actively in the formal economy.
Partnerships And Collaborations
Qi collaborates closely with Iraqi government institutions, private sector organisations, and international partners to develop and deliver digital payment systems. The company’s partnerships include projects with the Ministry of Housing to facilitate loan repayments, the Ministry of Interior to digitise administrative processes, and pension funds to ensure secure and timely payments to over four million retirees. Qi also supports social welfare programmes that benefit more than 750,000 vulnerable citizens.
On the international level, Qi has partnered with global technology and financial companies such as MasterCard, Visa, Oracle, and Ernst & Young (EY). These tie-ups have enhanced Qi’s operational capabilities, enabling it to integrate global security standards, compliance, and innovation. Working under the regulatory framework of the Central Bank of Iraq, the company contributes to the country’s broader goals for digital transformation and financial inclusion.