Qi Card, an electronic payment solution and the national debit/credit card of Iraq, has announced that two retailers, ZoodMall and OpenSooq, have started accepting Qi Card as a form of payment.
Both popular ecommerce sites, OpenSooq and ZoodMall have a focus on serving middle eastern communities. OpenSooq is a mobile classifieds platform in MENA region while Zoodmall facilitates cross-border trade of more than four million products from over 30,000 sellers.
Qi Card is a national card scheme operated and managed by International Smart Card "ISC. With its State Bank partners, Al-Rafidain and Al-Rashed, it has completed domiciliation of more than 7 million citizens with its multi-biometric payment scheme. In just over 18 months, ISC was able to disburse 3T IQD in loans to over 800,000 Iraqi citizens.
To date, ISC has an ecosystem of 17,000 POS and more than 6,000 merchants using the Qi scheme to provide easy merchant funded instalment and other commercial activities.
ISC issues and acquires payment cards on behalf of fourteen affiliated banks in Iraq. Through its principal membership in Mastercard, ISC has now issued more than 1.8 million Mastercard and is now the largest Mastercard provider in Iraq.
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