Qi Card

International Smart Card - Qi CardType| Semi-Government

|

Industry| Financial services
Founded| 2007; 16 years ago (2007)
Headquarters| Iraq & UAE,

Baghdad, Dubai

Iraq

Area served

| Worldwide

Key people

* Bahaa Abdul Hussein (chair)
* Ali Munaim (CEO)

Services|

* Credit cards
* Payment systems

Revenue|  US$1.2 billion (2021)

Operating income

|  US$1.4 billion (2022)

Net income

|  US$1.8 billion (2022)
Total assets|  US$5.7 billion (2022)
Total equity|  US$6.2 billion (2022)

Number of employees

| 3500 (2022)
Website| qi.iq & www.qicard.net

The Qi Card also known for International Smart Card ISC[1][2] is an Iraqi debit card and is the national credit card of Iraq. It is pronounced as 'key', and it is the reversed form of iq, the ISO 3166 code for Iraq. It has about 3,000 employees. As well as 9 million card users[3] .Its capital is estimated at more than 85 billion Iraqi dinars (2021).[4]

## History

Iraq's two biggest state-owned banks, Rafidain Bank and Rasheed Bank,[5][6] together with the Iraqi Electronic Payment System (IEPS) have established a company called International Smart Card, which has developed a national credit card called 'Qi Card'.[7][8][9] The card is issued since 2008. According to the company's website: 'after less than two years of the initial launch of the Qi card solution, we have hit 1.6 million cardholder with the potential to issue 2 million cards by the end of 2010, issuing about 100,000 card monthly is a testament to the huge success of the Qi card solution. Parallel to this will be the expansion into retail stores through a network of points of sales of about 30,000 units by 2015.[10]

QI card is similar to other credit cards recognized worldwide with essential difference that the smart card deals with balances without direct contact with the server which is called (offline) to facilitate business in regions of no good telecommunication networks.[11][12][13][14]

## References

1. ↑ Bhowmik, Satarupa (2020-08-10). "Iraq's Qi Card enables customisation with new Ekhtiyari Card" (in en-US). https://www.electronicpaymentsinternational.com/news/iraqs-qi-card-enables-customisation-with-new-ekhtiyari-card/.
2. ↑ "Bahaa Abdul Hussein | Founder of International Smart Card" (in en). https://www.bahaaabdulhussein.com/international-smart-card55554601.
3. ↑ (in en) Mr. Scott Munden - CEO of International Smart Card (ISC) at IFM Awards 2019, https://www.youtube.com/watch?v=Pu-DR1hkw-I, retrieved 2023-05-12
4. ↑ https://www.cbi.iq/documents/Financial Stability Report 2013.pdf
5. ↑ "Iraq’s financial inclusion drive boosted by homegrown fintech". Financial Times. 2019-04-24. https://www.ft.com/content/19b10528-4b36-11e9-bde6-79eaea5acb64.
6. ↑ "Qi Card to reach more than three million Mastercards® in circulation by 2021" (in en). Bloomberg.com. 2020-09-29. https://www.bloomberg.com/press-releases/2020-09-29/qi-card-to-reach-more-than-three-million-mastercards-in-circulation-by-2021.
7. ↑ Card, Qi. "Qi Card to reach more than three million Mastercards® in circulation by 2021" (in en). https://www.prnewswire.com/ae/news-releases/qi-card-to-reach-more-than-three-million-mastercards-in-circulation-by-2021-301139092.html.
8. ↑ "ZoodMall, OpenSooq adds Qi Card as payment method" (in en). https://thepaypers.com/ecommerce/zoodmall-opensooq-adds-qi-card-as-payment-method--1244944.
9. ↑ https://www.chathamhouse.org/publications/the-world-today/2019-06/iraq-banks-its-future-qi-card
10. ↑ https://lhsirdas.com.tr/the-secrets-of-the-arrest-of-the-qi-card-manager-and-one-of-the-corruption-dinosaurs-connected-with-me/?lang=en
11. ↑ "Iraqi bank uses "Qi Card and MasterCard," to pay employees and retirees' salaries - Shafaq News" (in en). https://shafaq.com/en/Economy/iraqi-bank-uses-qi-card-and-mastercard-to-pay-employees-and-retirees-salaries.
12. ↑ Team, Content (2020-10-01). "Qi Card Ignites Financial Inclusion In Iraq Through Electronic Payments And Loan Programs - World Finance Informs" (in en-US). https://www.worldfinanceinforms.com/news/qi-card-ignites-financial-inclusion-in-iraq-through-electronic-payments-and-loan-programs/.
13. ↑ "الرافدين وكي كارد يعلنان عودة المبالغ المستقطعة من المتقاعدين" (in ar). https://www.alsumaria.tv/news/localnews/371692/الرافدين-وكي-كارد-يعلنان-عودة-المبالغ-المستقطعة-من.
14. ↑ "‫تحتفل بطاقة كي كارد بأكثر من 600،000 تحميل للتطبيق" (in ar). https://www.albawaba.com/ar/أعمال/pr/‫تحتفل-بطاقة-كي-كارد-بأكثر-من-600،000-تحميل-للتطبيق-1396365?overridden_route_name=entity.node.canonical&base_route_name=entity.node.canonical&page_manager_page=node_view&page_manager_page_variant=node_view-panels_variant-0&page_manager_page_variant_weight=0.

## External links

* The Company's Official Website
* The Twitter account of Qi Card

* v
* t
* e

Credit, charge and debit cards

Major cards|

* American Express
* Diners Club
* Mastercard
* Debit Mastercard
* Maestro
* Visa
* Visa Debit
* Visa Electron

Regional and
specialty cards|

* Bancomat
* BC Card
* BCA Card
* Cabcharge
* Dankort
* Discover
* EFTPOS
* Electronic Payment Services (EPS)
* Elo
* Forbrugsforeningen
* Girocard
* Interac
* Isracard
* JCB
* Mir
* MEPS
* NETS
* PayPak
* RuPay
* Troy
* UnionPay
* UATP
* V Pay
* Verve

Defunct cards|

* Access
* Bankcard
* Carte Blanche
* Carte Bleue
* Choice
* enRoute
* Eurocard
* Everything
* Laser
* Rail Travel Card
* Revolution Card
* Solo
* Switch
* PIN

Accounts|

* Payment card number
* Card association
* Card enclosure
* Credit card balance transfer
* Credit limit
* Installment credit
* Revolving account
* Deposit account
* Current/checking account
* Savings account
* ATM card
* Fees

Debt|

* Cash advance
* Charge-off

Interest|

* Grace period
* Introductory rate
* Universal default

Payment|

* Card not present transaction
* Chargeback
* Controlled payment number
* Dispute

Interchange|

* Interchange fee
* Surcharge
* Card scheme

Security|

* Card security code
* Chargeback fraud
* Credit card fraud
* Credit card hijacking

Technology|

* Automated teller machine
* Contactless payment
* EMV
* Hardware security module
* Interbank network
* Magnetic stripe card
* Payment terminal
* Personal identification number
* Secure cryptoprocessor
* Smart card

Banking|

* Issuing bank
* Acquiring bank

0.00

(0 votes)

Original source: https://en.wikipedia.org/wiki/Qi Card. Read more

|

Retrieved from "https://handwiki.org/wiki/index.php?title=Company:Qi_Card&oldid=3153332"
*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template