Qi Card, the leading electronic payment solution and default national debit/credit card of Iraq, today announced it anticipates reaching the milestone of issuing more than three million Mastercard Qi Cards to Iraqi and other Middle Eastern country citizens by the end of 2021. Already the largest Mastercard provider in Iraq, this anticipated adoption will further strengthen Qi Card’s market-leading position.
This projection and the increase reported in Qi Card usage is a reflection of an exciting trend toward a broader acceptance of a cashless economy in Iraq. The popularity of Master Qi Card among Iraq’s 39 million citizens is the latest example of progress toward financial inclusion in the country through technology and partnerships.
As the first fintech provider to move Iraqi away from an unsecure, cash-based economy, Qi Card offers Iraqi consumers stable and sustainable commerce options. Users can refill their Qi Cards using point-of-sale kiosks, complete money transfers through the in-app service and confidently complete online and in-store purchases.
Qi Card’s products and services are based on the principle of maximum protection, accessibility, ease of use and full transparency. The company boasts more than a decade of experience facilitating electronic payments and employs state-of-art biometric verification.