Eurocredit announced about its transformation into fintech in 2020 and already made some important and effective steps to reach this goal. Eurocredit is the first company on Georgian market which offers its customers to obtain car loans or increase the credit limit from the distance, using “WallyPay” mobile application. Therefore, customers can get desired amount of money in just a matter of minutes with their “WallyPay” cards. Eurocredit has actively started to integrate technologies into its own operational chain to make provision of its services faster and easier in future. Use of these technologies will make it possible to make already simple process to receive Eurocredit’s business loan even simpler and more accessible.
Memorandum with the “Georgian Fintech Association” is one more important step for the implementation of technologies and creating further opportunities in the company, and well as for the encouragement of the modern and healthy environment in whole business sector.
Within the scope of Memorandum, parties will base their work on the best practices in the field to prepare the relevant proposals with the aim of improving the Georgian Legislation. Moreover, they will participate in educational programs and the process of formation of the communication platform between private and public sectors.
“One of the most timely and exceptional products that Eurocredit offered to its customers is the quick business loan. It is mostly oriented on smaller businesses and startups, that might encounter an unexpected necessity for acquiring the large amounts of money. Within the frame of the partnership with the “Georgian Fintech Association”, we will have an opportunity to have closer connection with the owners of such businesses, identify their needs and wishes and come up with technology-based decisions. We are glad that together with the “Georgian Fintech Association” we can encourage the sector to evolve in the right direction at an accelerated pace”, said Michael Nonikasvili, CEO of Eurocredit.
Head of the “Georgian Fintech Association” supervisory board, Davit Kikvidze underlines the importance of the memorandum for the Georgian market.
“Firstly, I will highlight that the goal of the “Georgian Fintech Association” is to unite all the interested parties, that are operating in Georgia, under the same platform. Therefore, we welcome the joining of such an important organization as Eurocredit to our ranks. It is known that Eurocredit is one of the first microfinance organization that joined the Association and I want to highlight their aspiration regarding fintech. They have even declared that they wanted to be the first microfinance company to transform into fintech. This is highly important both for us, the Association, and the development of the sector in general. Hence, I believe our cooperation will be fruitful. I plan to initiate many new projects, each of them serving the implementation of fintech particularly in the microfinance sector. I am confident that we will be able to carry out interesting and effective projects for the development of this field in general.”
