Business

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

Published

1 month ago

August 19, 2024

Credit: Qi Card

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.

Business

Exploring the Transformative Impact of Tailored CXO Events on Business Growth

Published

4 hours ago

September 20, 2024

Matthew Wiles

Photo Credit: CXOsync UK

Byline: Katreen David

Business success hinges on the strength of relationships and the speed of innovation. In line with this notion, CXOsync UK has positioned itself as the architect of the future of executive networking. It is worth noting that this company doesn’t curate your typical networking event where attendees exchange Linkedin profiles with little follow-up. This is a thought leadership-by-education model. Their sponsored packages are relationship building exercises in addition to brand awareness.

Moreover, this is a space where the right conversation can ignite the next big idea. CXOsync UK, under the strategic leadership of Sulai Saloojee, is rewriting the rules of engagement for top executives across industries. Their event model is in full flow across EMEA and the APAC region with a multitude of ABM campaigns taking place weekly in different cities within these regions.

Picture a dimly lit room in one of London’s iconic venues, where the hum of conversation reflects the energy of business leaders not just networking but genuinely connecting. Here, the team meticulously plans every detail—from the seating arrangements to the flow of discussions—to guarantee that each interaction has the potential to be metamorphic. This is the magic of CXOsync UK, a company that understands that the power of an event lies in its ability to bring people together in meaningful ways.

“We’re not in the business of throwing events; we’re in the business of creating catalysts for change,” says Saloojee, whose vision for CXOsync UK extends beyond the grandeur of gatherings. Saloojee and his team are building a foundation for long-term success in an era where business scapes can shift overnight.

Beyond the Conventional: Innovating for Impact

In executive events, staying ahead means more than just keeping up with trends; it means setting them. CXOsync UK has embraced this philosophy wholeheartedly, reimagining the boundaries of what executive events can achieve.

With the rise of digital platforms, it has seamlessly integrated technology into its offerings. To that effect, it creates hybrid experiences that merge the intimacy of in-person events with the accessibility and reach of virtual ones.

Whether a high-stakes boardroom discussion or a relaxed dinner conversation, every element maximizes engagement and fosters genuine connections. “We’re utilizing data to understand our audience and to anticipate their needs. This way, we can deliver timely and impactful solutions,” Saloojee explains.

Shaping a Global Community

In a post-pandemic world, traditional business models are being upended, and remote work is becoming the norm. That said, the need for meaningful, results-driven networking has never been greater. CXOsync UK is meeting this need head-on, offering a blend of traditional and innovative solutions that cater to the busy schedule of the modern executive.

As the world becomes increasingly interconnected, the ability to connect and collaborate across borders is more important than ever. Through its carefully curated events, the brand facilitates conversations that transcend industries and geographies, enabling executives to learn from each other and grow together.

However, beyond the immediate benefits, CXOsync UK is laying the groundwork for something bigger: a shift in how business leaders think about networking. It is no longer about who you know but how you connect.

“Our mission is simple: to inspire connections that drive progress,” Saloojee says, summing up the ethos that has guided CXOsync UK’s rise to prominence. Its mission resonates in every aspect of its work, from the careful selection of event participants to the thoughtful design of each session. With a focus on quality over quantity, CXOsync UK is a seal of quality, and every connection made through its events has the potential to lead to something greater.

Building Bridges to the Future

With an eye on emerging trends and a finger on the pulse of the global business community, Saloojee and his team are poised to continue leading the way in creating impactful networking experiences. Moreover, they’re setting the stage for a new era of synergy, where the right connections can unlock unprecedented opportunities.

“In a world where the pace of change is only accelerating, our role is to provide the platform where leaders can come together, share ideas, and find the inspiration they need to move forward,” Sulai Saloojee reflects.

As businesses worldwide adapt to a new reality, CXOsync UK keeps up without missing a beat.