The National Bank of Georgia hosted a working meeting with payments market participants, within the framework of the financial inclusion and accountability project, to encourage electronic payments in Georgia.
The meeting was opened with the welcome speech by Archil Mestvirishvili, Acting Governor and Vice Governor of the National Bank of Georgia. He discussed the importance of electronic payments for the national economy, the plans of the NBG in this regard, and thanked the representatives of the World Bank for analyzing the development of electronic payments in Georgia and identifying challenges in December of 2022.
World Bank specialists presented the results of their research, market assessments and expectations regarding the development of electronic payments to the participants of the interactive meeting. The audience included the representatives of the Georgian payments market (commercial banks, payment systems and payment service providers, international card systems). The market participants discussed the barriers in the market and the problems they face in relation to both customers and trade/service facilities. They also presented their opinions and suggestions to accelerate the further development of electronic payments in Georgia.
The National Bank of Georgia, in partnership with stakeholders, will continue efforts to promote the development of the digital ecosystem across the country.
