Paysera bank opens its doors in Georgia

  • Paysera Georgia Expansion:
    • Paysera Georgia, a member of the Paysera Group, has opened its first bank branch in Tbilisi.
    • Obtained a banking license in Georgia last year to offer diverse financial services.
  • Strategic Move and Enthusiasm:
    • CEO Marijus Plančiūnas is enthusiastic about the strategic move.
    • Highlights key advantage: instant SEPA transfers, beneficial for non-SEPA member Georgia.
    • Transformative shift for Georgians, enabling swift European transactions.
  • Collaborative Expansion Model:
    • Paysera’s physical expansion is facilitated by a collaborative joint activities model.
    • Successful implementation in Georgia, where local entrepreneurs introduced Paysera brand and technology.
    • Dimitry Kumsishvily, a prominent businessman, serves as a shareholder and director.
  • Digital Banking in Georgia:
    • Paysera Bank Georgia, the first digital bank in the Georgian market, initiated services for individuals and legal entities.
    • Seamless integration into the SEPA system for Euro transactions with the same ease as Georgian Lari transactions.
  • EU Candidate Status Promotion:
    • Paysera Bank Georgia announces a special promotion for clients due to Georgia achieving EU candidate status.
    • Over the next three months, Euro transfers to Europe will be free, fostering financial inclusivity.
  • Central Bank Augmentation:
    • In mid-December, the Central Bank of Georgia augmented Paysera Georgia’s bank license.
    • This grants the institution the opportunity to provide loans in the future.
  • Comprehensive Financial Services:
    • Paysera Group offers over 100 payment methods, account services, transfers, currency exchange, gold trading, etc.
    • Originating in Vilnius, Lithuania, in 2004, the group has expanded to nine countries, including the recent addition of Georgia.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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