Payment service provider – also known as PSP– is a legal entity that provides payment services to a customer of a payment service in accordance with the legislation of Georgia;
The following private companies are entitled to provide payment services in Georgia:
- Commercial banks
- Microfinance organizations
- Payment service providers (non-bank) registered at NBG
Georgia’s payment system is an important part of the national economy and financial infrastructure. The system is fundamental for safe and reliable financial settlements, one of the prerequisites for the smooth and proper functioning of the financial and money markets, while contributing to the stability and efficiency of the economy as a whole. Payment and settlement systems include both wholesale and retail payment systems, Central Depository and securities settlement systems.
Our Services include:
- Preparation of the application for the submission to The National Bank of Georgia
- Preparation of documentation in accordance with the AML
- and preparation of other documents required by the legislation