SuperQi Unveils Revolutionary Lifestyle App in Iraq!

Qi, an innovator in the fintech industry, is pleased to announce the successful introduction of its revolutionary third-generation application, SuperQi, in Iraq. Crafted in partnership with Ant International and powered by Alipay+ Wallet Technology solutions, SuperQi presents a transformative digital environment that merges a digital lifestyle super app with a fully integrated banking system. This cutting-edge platform highlights Qi’s dedication to financial inclusion and the digitization of financial services within Iraq.

Since its debut in July 2024, SuperQi has effortlessly fused top-tier Western digital banking practices with Asia’s preeminent Super App framework. Available in Arabic, English, and Kurdish, it caters to millions of Iraqis and provides an extensive selection of services, such as scan-to-pay, money transfers, bill payments, loans and installments, mobile recharge cards, shopping, travel, and various payment solutions.

SuperQi also bolsters Iraq’s burgeoning financial landscape with more than 20,000 POS merchants and 10,000 cash-out agents. The application is meticulously designed to meet the diverse requirements of users, aspiring to engage over 30% of Iraq’s populace by 2026. With upwards of 11 million cardholders and 5 million mobile application users, Qi aims to exceed 15 million app users within three years. This ambition complements its mission of transforming financial interactions and empowering users to manage their payments with unrivaled ease.

SuperQi has significantly enhanced Iraq’s financial infrastructure, incorporating over 20,000 POS merchants and 10,000 cash-out agents. The app is specially crafted to address the changing financial and lifestyle demands of users, with the goal of engaging over 30% of Iraq’s population by 2026.

Bahaa Abdulhussein, Chairman of Qi, emphasized the importance of the collaboration with Ant International, stating, “At Qi, our mission is to create a cashless Iraq by making financial services available throughout our society. Our partnership with Ant International is not merely about advancing digital finance; it signifies a transformative leap towards establishing a broader digital ecosystem that caters to the unbanked population. Through SuperQi, we empower millions of Iraqis with accessible, efficient, and secure solutions, paving the way for a more interconnected, inclusive, and technologically advanced nation.”

Qi has been instrumental in financial inclusion in Iraq, helping to elevate the rate of banked individuals from 5% to nearly 50%. Concerning the unbanked demographic, Abdulhussein stated, “At Qi, our vision is to forge a cashless Iraq where everyone can access financial services. SuperQi is a reflection of this dedication, simplifying financial transactions and promoting enhanced inclusivity for all Iraqis.” Ali Muneam, CEO of Qi, further asserted that “the launch of SuperQi signifies a pivotal moment in Iraq’s transition towards a cashless society. By bridging the gap for millions who rely on cash transactions, SuperQi is not only a financial solution but also a significant step towards modernizing our nation’s economy.”

Luay, Chief Product Officer of SuperQi, commented, “SuperQi embodies a fundamental shift in addressing the lifestyle and everyday needs of our various customer segments. We encourage businesses throughout Iraq to utilize SuperQi as a platform for delivering their services smoothly and effectively.”

This combination of advanced digital banking and super app functionalities allows SuperQi to cultivate a flourishing ecosystem for enterprises in Iraq. The application offers secure, flexible payment options while assisting businesses in connecting with clients in inventive ways.

About SuperQi

Since its establishment in 2007 and culminating with the launch of SuperQi, Qi has been a pioneer of innovation, leadership, and sustainability. SuperQi marks a significant transformation in Qi’s vision for the role of fintech in daily financial management, after being awarded as the Best Credit Solutions Provider in Iraq, delivering a lifestyle super-app that ensures its users an uninterrupted experience throughout the day for all their payment needs. This underscores Qi’s commitment to a bold, cashless, and digital-forward future, aligned with the visionary objectives set forth by Qi founder, Bahaa Abdulhussein.