Georgia 2017/2018

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  • Regular price £200.00


Payment Organization

None. 

Domestic Card Brand

None. 

Market Structure

Cards per capita reached 2.50 in 2016, a 14.7% increase on 2015. 

Cards issued have tripled since the 2008 Russian incursion.

POS payments to merchants are much higher than the norm for emerging payment markets. 

All Georgian banks are privately-owned. Foreign capital plays an important role, accounting for 87.5% of banking sector assets. 

Until end-2016, Société Générale, through Bank Republic, was the main western bank investor. Banks from Russia, Turkey, Ukraine, Kazakhstan, Azerbaijan and China are present in Georgia. 

In June 2014, Georgia and the EU signed a formal association agreement with the objective of later EU membership. 

Notable Market Trends

Rollout of contactless cards and POS terminals; HCE NFC pilot; domestic PAY chip cards; express branches.

Statistical Key Figures for 2016 provided in this profile:

UPDATED: tables with card business data 2012-2016; growth rates: Y-o-Y, CAGR

Population, Cards per Capita, Card Value per Capita

Debit Cards, Credit/Delayed Debit Cards, Total Cards

Card payments by number and by value, ATV per card, payments per card/year

ATMs, POS terminals, ATMs/POS terminals per 1 million capita

ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month

POS payments by number/by value, ATV per POS payment, TXs per POS/month

Internet Use, e-payment mix, B2C e-Commerce by value and growth rate

Issued Card brands by individual major issuer bank

Accepted card brands by individual major acquirer

Drill down into the debit card use and credit cards use details

Product information

Digital product provided in PDF format. You will receive a download link to a zip file containing your files after checkout. 

Version

1.0.0 last updated 2nd December 2017