- Lithuanian fintech company Paysera has launched operations in Georgia.
- Paysera Bank’s first branch is in Tbilisi, Georgia.
- The company obtained a digital banking license on 17 November, making it the first digital bank in Georgia.
- Local entrepreneurs own 100% of the bank’s shares, with Dimitry Kumsishvily as the main shareholder and director.
- Paysera Bank collaborates with the National Bank of Georgia, integrating Georgian clients into the SEPA system for Euro transactions.
- Paysera’s key advantage is instant SEPA transfers, particularly beneficial for Georgia, a non-SEPA member.
- Central Bank of Georgia augmented Paysera Georgia’s bank license, allowing it to provide loans in the future.
- This transformative shift enables Georgians to conduct European transactions swiftly and seamlessly.
