Qi Card has announced the launch of its innovative third-generation app, SuperQi, in partnership with Ant International.
According to Zawya, the SuperQi app embodies a leap towards financial inclusivity and digital services within Iraq, powered by the cutting-edge Alipay+ Wallet Tech solutions.
The inception of SuperQi marks a significant evolution in digital banking, by amalgamating Western banking models with the prowess of Asia’s super apps, promising a new era of financial services tailored to Iraq’s unique market needs.
Qi Card’s core business revolves around enhancing financial accessibility and innovation in Iraq. As a distinguished entity in the FinTech space, Qi Card has been pivotal in transitioning Iraq towards digital financial solutions, with a strong focus on inclusivity and ease of access.
SuperQi extends beyond conventional banking applications by incorporating features that cater to a digital lifestyle, making everyday financial operations like payments, money transfers, and shopping seamless and integrated within one platform.
The app supports a vast network of over 20,000 point-of-sale merchants and 10,000 cash-out agents, significantly enhancing the financial infrastructure and user accessibility across Iraq. SuperQi is not only tailored for individual use but also optimises business transactions, fostering a robust digital ecosystem.
Additional features of SuperQi include multilingual support (Arabic, English, and Kurdish), aiming to cater to a diverse demographic. The app’s inclusive design is set to target over 30% of Iraq’s population by 2026, aligning with Qi’s vision of a cashless society.
Bahaa Abdulhussein, chairman of Qi, expressed the company’s vision, “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.” He further noted the strategic collaboration with Ant International, highlighting its significance in addressing the needs of the unbanked population.
Ali Muneam, CEO of Qi, and Luay Al Obaidi, chief product officer of SuperQi, also shared their insights, with Muneam emphasizing the transformative potential of SuperQi in modernizing Iraq’s economy and Al Obaidi discussing the app’s broad appeal and utility for businesses.
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