S P E C I A L I S T I N S I G H T
S P E C I A L I S T I N S I G H T
We hear from Bahaa Abdulhussein, Chairman of Qi Card, on how SuperQi is set to redefine Iraq’ s financial landscape. Developed by Qi Card in partnership with Ant International, the app merges digital banking with a lifestyle super app, offering seamless payments, transfers and financial services. More than just convenience, SuperQi represents a shift in consumer behaviour, fostering financial independence and economic growth. With its expansive reach and cutting-edge technology, Qi’ s vision is to position Iraq as a leader in digital finance.
WITH SUPERQI, WE EMPOWER MILLIONS OF IRAQIS WITH ACCESSIBLE, EFFICIENT AND SECURE SOLUTIONS, PAVING THE WAY FOR A MORE INTERCONNECTED, INCLUSIVE AND TECHNOLOGICALLY ADVANCED NATION.
i Card, a leading player in Iraq’ s FinTech sector, has unveiled its groundbreaking
Q third-generation app, SuperQi, in collaboration with Ant International, powering the future of global commerce with digital innovation headquartered in Singapore.
Powered by Alipay + Wallet Tech solutions, SuperQi integrates a digital lifestyle super app with a fully functional digital bank, bringing a new era of financial inclusion and digital services to Iraq.
Since its launch in July 2024, SuperQi has seamlessly fused Western digital banking models with the best practices from Asia’ s leading super apps.
Bahaa Abdulhussein said:“ At Qi, our vision is to build a cashless Iraq by bringing financial services to every corner of our society. SuperQi is a testament to this commitment, simplifying financial transactions and fostering greater inclusivity for all Iraqis.
“ Our collaboration with Ant International is not just about advancing digital finance; it represents a transformative leap towards creating a broader digital ecosystem that addresses the needs of the unbanked population.”
Available in Arabic, English and Kurdish, SuperQi aims to serve millions of Iraqis, offering a comprehensive suite of services that include scan-to-pay, money transfers, bill payments, loans, instalments, mobile recharge, shopping, travel and other payment solutions.
SuperQi also supports Iraq’ s expanding financial infrastructure, with over 20,000 point-of-sale merchants and 10,000 cash-out agents.
The app’ s accessibility is designed to meet the evolving financial and lifestyle needs of users, targeting over 30 percent of Iraq’ s population by 2026.
Qi has already made significant strides in improving financial inclusion in Iraq. The rate of banked individuals in the country has surged from a mere five percent to nearly 50 per cent in recent years.
By enabling access to banking services through SuperQi, the FinTech company aims to accelerate this shift towards a cashless society.
“ With SuperQi, we empower millions of Iraqis with accessible, efficient and secure solutions, paving the way for a more interconnected, inclusive and technologically advanced nation,” said Abdulhussein.
Qi focused on an ambitious expansion plan with the launch
With over 11 million cardholders and five million mobile app users, Qi plans to reach over 15 million app users within the next three years. www. intelligentfin. tech
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