Georgia

There has been a large focus on how financial institutions are responding to the COVID-19 pandemic; however, much of that focus has been of the financial services they are offering …

In May last year, the first fully-digital bank (called Space) opened in Georgia. The bank operates as a daily finance management application and has no branches or other physical spaces. …

A new electronic wallet (e-wallet) – OPPA – has entered the Georgian digital market. The OPPA brand was created by JSO OPPA (formerly Nova Technology), which operates the PayBox payment …

According to the new ‘Cryptocurrencies and Blockchain: Europe and Central Asia Economic Update’ World Bank report, Georgia experienced a 5.0% growth in digital technology in 2017 and is projected to …

The government of Georgia is working to find a proper balance between regulating online loans and allowing online lenders the flexibility they need to meet consumer demands. Economic Minister Dimitri …

Georgian Finance Minister Mamuka Bakhtadze has announced changes designed to encourage small- and medium-sized enterprises (SMEs) in the country. As part of this effort, the Finance Minister specifically noted that …

FinTech is becoming of crucial importance for financial institutions, influencing nearly every financial activity and transforming money management channels. The financial sector in Georgia is no different; here’s a quick …

New technologies help expand financial inclusion, but their uptake requires several careful considerations. Pilot projects supported by the Asian Development Bank (ADB) at Finca Bank Georgia and at Cantilan Bank …

As a future with artificial intelligence both excites and causes concerns around the world, the adoption of artificial intelligence technology in Georgia remains relatively low, and Georgian authorities are being …

Digital currency is gaining in popularity in Georgia, and the country even hosts two facilities of the world’s largest bitcoin-mining company. There are also an increasing number Georgian entrepreneurs mining …

TBC Bank is offering its clients a chance to win prizes from a raffle they will be conducting on December 31, 2017. Clients will receive credit for each internet or …

For many Georgians, banking just became a little easier via ebanking.ge. The site, operated by Terabank, has been redesigned with a new interface and system that now allows users to …

Liberty Bank has added the ‘My Concierge’ service, which allows users to receive SMS notifications about debts owed and make automatic monthly payments to selected service providers. The new service …

Andrew Trion-Hill, an expert on electronic money who arrived in Georgia in 2007 to develop an electronic  money system, is predicting that Georgia has a great future with cryptocurrencies. Mr. …

Ushba.io is a new Georgian platform for cryptocurrency trading. The platform enables people to exchange cryptocurrency and contact each other through a mediator (peer-to-peer trading). At the same time, consumers …

Five months after the introduction of fairly strict government regulations, the volume of loans issued by some online lending companies has significantly decreased, along with the number of people they …

TBC Bank in Georgia has announced the launch of brand new innovative products and services for corporate clients. Corporate clients will have the chance to register and open accounts remotely, …

Terabank has made its mobile application accessible to clients without the use of internet traffic, meaning that clients can access their banking information even if their mobile data has expired. …

Georgia is pioneering a new system for registering land titles, property transactions, mortgages, demolitions and notary services by using the same blockchain technology that underpins the virtual currency bitcoin. The …

The ‘Innovations and Startups’ banking conference on SME banking in the Caucasus will be held in Tbilisi May 24–25, 2017. The following topics will be discussed: the role of commercial …