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Paysera launches in Georgia after securing banking licence

December 22, 2023

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.