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A Closer Look at Qi Card’s Range of Financial Services

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Since starting in 2007, Qi Card has become a significant player in Iraq’s financial services. The Iraqi Electronic Payment Systems and Rafidain Bank founded Qi Card, which has changed how financial services operate in Iraq. It offers a variety of services that have impacted the financial industry.

Biometric ID Cards: Enhancing Security

Qi Card introduced biometric ID cards, setting a new standard for secure transactions in Iraq. These cards use fingerprint-based authentication, which helps prevent fraud and identity theft. Users can access their funds and complete transactions safely and efficiently. 

Qi Card’s biometric ID cards have transformed financial inclusion in Iraq. As of 2024, Qi Card serves over twelve million clients, including government employees, pensioners, and private sector workers. Bahaa Abdul Hadi, the founder of Qi Card, said, “Our biometric technology has improved security and enhanced the user experience, making financial services accessible to more Iraqis.”

Comprehensive Mobile Application: Qi Services

Qi Card’s mobile application, Qi Services, is vital to its offerings. The app allows users to check balances, transfer money, and accept payments—all from their smartphones. This easy-to-use platform helps customers manage their finances effortlessly.

One standout feature of the Qi Services app is its integration with Western Union. This partnership makes it easy for users to send money internationally, which is essential for the Iraqi diaspora, as it allows them to send money home quickly and securely.

Salary Distribution and Loan Disbursement

Qi Card is crucial for distributing salaries to government and private sector employees. This service guarantees that employers pay wages on time and securely, reducing the administrative burden on employers and providing employees with a reliable way to receive their pay.

Since 2018, Qi Card has disbursed over $4 billion in loans to more than 800,000 citizens. These loans support small businesses and individuals, contributing to economic growth. The use of multi-biometric identification makes sure that these loan disbursements are secure and accessible.

Strategic Partnerships: Expanding Reach and Capabilities

Qi Card has formed strategic alliances to enhance its service offerings. Its partnership with Asiacell and Digital Zone aims to streamline digital transactions and promote financial inclusion in Iraq. These collaborations combine the strengths of each partner to offer more comprehensive services to users.

In a significant move, Qi Card launched the ‘superQi’ app in partnership with Alipay. This app integrates various financial services, including e-commerce capabilities, making it a one-stop solution for users. Bahaa Abdul Hadi noted, “The ‘superQi’ app marks a significant leap in providing comprehensive, advanced financial services to our users, setting a new standard in the region.”

Commitment to Financial Inclusion

A key goal of Qi Card is to enhance financial inclusion. It provides access to financial services to previously underserved populations, including displaced migrants. Qi Card is filling critical gaps in the financial system, making sure that more Iraqis can participate in the formal economy, and promoting broader economic growth.

Qi Card continues to innovate with products like travel card and credit facilities, which cater to the diverse needs of Iraq’s population and provide tailored solutions that enhance financial accessibility and convenience.

Future Prospects and Industry Impact

Iraq’s fintech sector is expected to grow significantly, with an estimated annual growth rate of 20% for 2024-2025. Qi Card is well-prepared to lead this growth with its strong technological foundation and strategic partnerships. The company’s innovative solutions and comprehensive services will likely attract more users.

While Qi Card has achieved considerable success, challenges remain. Regulatory changes and technological advancements, such as blockchain and AI, present both risks and opportunities. Qi Card’s ability to adapt and innovate will be crucial in navigating these changes and maintaining its leadership in the market.

Qi Card’s range of financial services highlights the company’s innovative spirit and dedication to enhancing financial inclusion in Iraq. Through advanced biometric technology, a comprehensive mobile application, strategic partnerships, and a focus on underserved populations, Qi Card is transforming the financial terrain in Iraq.

As the company continues to grow and evolve, its impact on Iraq’s economy and the global fintech industry will be significant.

Rosario is from New York and has worked with leading companies like Microsoft as a copy-writer in the past. Now he spends his time writing for readers of BigtimeDaily.com

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World

More Named Storms — Is Your Luxury Pergola Ready?

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The National Oceanic and Atmospheric Administration (NOAA) predicted a 60% chance that the 2025 Atlantic hurricane season would be above normal. The administration said to watch for between 13 and 19 total named storms — those with winds of 39 mph or higher. 

For homeowners in hurricane-prone regions, this raises an urgent question: are your outdoor spaces ready to weather the storm? 

PERGOLUX, a leader in durable outdoor structures, designs powder-coated aluminum pergolas with adjustable louvers to withstand the harshest environments.

“Today’s outdoor living spaces face the wrath of nature’s extremes,” says Tim Heneveld, Country Director of PERGOLUX North America. “Hurricanes, tropical storms, and flash floods bring powerful winds exceeding 100 mph. Their relentless rain and rising floodwaters can quickly devastate unprepared structures. If you want to protect your investments, resilient design is essential.”

Is your aluminum pergola and louvered roof ready to take on intense storms?

The open-air elegance of patio pergolas with slat roofs is perfect for a gentle breeze, but can make them vulnerable to the violent forces of hurricane winds. These storm winds pack powerful uplift and lateral forces.

Wind uplift occurs when gusts of wind flow beneath the roof, generating upward pressure that can lift the entire structure off its base. Lateral forces push a pergola horizontally, causing it to lean or even collapse.

The key defense against these powerful forces? A reinforced frame.

“Strong, well-engineered frames act as the backbone of your pergola,” notes Heneveld. “Aluminum is the ideal material for a pergola’s frame. It combines the strength needed to resist bending or breaking with a lighter weight that reduces strain on the foundation.”

PERGOLUX’s pergolas feature reinforced frames engineered to withstand intense storms with confidence. In fact, their latest model, the Skydance Series 3 Pergola, is specially crafted to endure winds up to 165 mph, which means that even when fierce hurricanes like Milton sweep through, these pergolas remain intact.

Reinforced aluminum frames designed with thickened beams and precision connections stand up to wind uplift and lateral pressure. Hurricane-rated bolts, brackets, and screws hold everything tightly together to prevent ‌weak points that storms so often exploit. When each joint is reinforced and well-anchored, your pergola can remain a steadfast retreat despite the wildest weather. Thicker beams and columns combined with robust engineering techniques give these pergolas superior strength. Extra support brackets, hidden fasteners, and precise assembly methods ensure the frame endures.

Elevated bases can protect your luxury pergola from floods

Along with high winds, storms bring torrential rain. Rising water can undermine structural footings and rot wooden materials, which can destabilize the entire installation.

An elevated base is a strategic line of defense. “By constructing your pergola on raised concrete footings or piers, you create a gap between the ground and the structure,” notes Heneveld. “During a flood, it keeps the water at bay. The elevation also prevents erosion caused by pooling rainwater.”

The best-quality outdoor pergolas offer high-grade materials and cutting-edge engineering

The key element of any storm-ready outdoor structure is its materials. PERGOLUX chooses 6063-T5 aluminum, a marine-grade alloy renowned for its incredible strength and exceptional resistance to corrosion, even when exposed to salty sea air and humid conditions.

“A wooden or vinyl pergola may look great at first,” says Heneveld, “but they often require costly upkeep or replacement after just a few seasons of storm damage. Our reinforced aluminum pergolas will give you years of worry-free durability. It will remain strong and look fantastic, no matter the weather.”

PERGOLUX’s advanced engineering solutions also protect what is inside the structure. Their patented RainLUX™ integrated gutter system channels rainwater away, preventing leaks that can damage furniture and floors.

“We offer a 10-year warranty to back up all of our claims,” Heneveld says. “It’s our commitment that these structures will protect your home’s exterior environment for years to come. We want you to focus on enjoying the moments that matter in your pergola, not on the coming storms.”

Practical outdoor living tips to prepare your louvered pergola kit before storm season

Even the strongest pergola will fare better when prepped for a coming storm. “Make sure to secure your loose items,” Heneveld warns. “Before a storm, remove furniture, planters, and décor. All of these can become hazardous projectiles.”

When homeowners hear that a storm is on the way, they will want to fully secure any screens or panels. Removing detachable panels before severe weather will help protect the pergola by reducing wind resistance.

Homeowners will want to take the time to routinely inspect and maintain their pergolas. A quick check for loose fasteners or other small signs of wear goes a long way in preserving the pergola’s strength.

“Combine simple preparation with a reinforced, elevated, and expertly engineered structure, and you’ll have an outdoor space built to last,” Heneveld concludes. “Investing in a storm-ready pergola is about so much more than just avoiding damage. You’re preserving a lifestyle. A long-lasting pergola will bring you years of shaded summer barbecues and fresh-air morning coffees.”

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