Question 1

What is Paysera Bank Georgia?

Accepted Answer

Paysera Bank Georgia is a digital commercial bank operating in Georgia, serving corporate, micro, small, medium, and retail sectors. As the 15th commercial bank licensed in Georgia and the first digital bank in the country, it is part of the international Paysera network spanning multiple European and Eastern European countries. The bank focuses on innovative digital banking solutions with European integration capabilities.

Question 2

When was Paysera Bank Georgia founded?

Accepted Answer

Paysera Bank Georgia was founded on March 1, 2022, initially as Paysera Georgia LLC. The company underwent reorganization on August 19, 2022, converting to a joint-stock company. On November 17, 2022, the National Bank of Georgia granted JSC Paysera Bank Georgia a banking license under the principles of digital bank licensing. By January 12, 2024, the bank received extended rights to issue loans and provide virtual asset exchange services, enabling it to fully carry out activities permitted for commercial banks.

Question 3

Where is Paysera Bank Georgia headquartered?

Accepted Answer

Paysera Bank Georgia is headquartered in Tbilisi, Georgia, at Akaki Tsereteli Avenue N4/2. The bank operates two client service centers in Tbilisi, with most services provided remotely through digital channels.

Question 4

Where does Paysera Bank Georgia operate?

Accepted Answer

Paysera Bank Georgia operates throughout Georgia, serving customers nationwide through its digital banking platform. The bank's physical presence is centered in Tbilisi with two service centers, but its remote service model enables access to customers across all regions of Georgia.

Question 5

What services does Paysera Bank Georgia offer?

Accepted Answer

Paysera Bank Georgia offers a comprehensive range of digital banking services including personal and business accounts with both Georgian and European IBAN formats. The bank provides SEPA and SEPA Instant payment capabilities for the Single Euro Payments Area, enabling fast and affordable transactions with Europe. Loan products are available for both individuals and legal entities. For businesses, the bank offers API-based services including data exchange, real-time payment acceptance, and QR code payment solutions. Virtual asset services, particularly cryptocurrency exchange, are also provided. All accounts are managed remotely through mobile applications and internet banking platforms.

Question 6

What makes Paysera Bank Georgia unique?

Accepted Answer

Paysera Bank Georgia distinguishes itself as Georgia's first licensed digital bank with direct SEPA integration capabilities. The bank enables Georgian customers to make near-instant money transfers to Europe through SEPA Instant, which processes transactions in seconds rather than days. Its European IBAN account offerings simplify trade relations with the European Economic Area. The bank is part of the international Paysera network, which includes partners across nine countries (Lithuania, Latvia, Estonia, Ukraine, Bulgaria, Romania, Albania, Kosovo, and Georgia), leveraging 20 years of fintech expertise from its Lithuanian-based partner company. Founded and managed by experienced local entrepreneurs including Dimitry Kumsishvili, a former minister of finance and economy and vice prime minister of Georgia, the bank combines international fintech innovation with deep local market understanding.

Question 7

What type of financial institution is Paysera Bank Georgia?

Accepted Answer

Paysera Bank Georgia is a digital commercial bank (JSC - Joint Stock Company) fully licensed by the National Bank of Georgia. As a commercial bank, it holds comprehensive authorization to conduct all activities permitted for commercial banks in Georgia, including deposit-taking, lending, payment services, and virtual asset services. The bank operates under the digital banking licensing framework, making it Georgia's first institution of this type, combining traditional commercial banking capabilities with modern fintech-focused service delivery.

Paysera Bank Georgia

in Georgia 🇬🇪

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About Paysera Bank Georgia in Georgia