Georgia

  • Sale
  • Regular price £175.00


Payment Organization 

None. 

Domestic Card Brand 

PAY debit cards. 

Market Structure 

  • Cards per capita reached 2.18 in 2015, a 5.2% increase on 2014. Cards issued have doubled 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 94.7% of banking sector assets. 
  • Until end-2016, Société Générale, through Bank Republic, is the main western bank investor. Banks from Russia, Turkey, Ukraine, Kazakhstan, Azerbaijan and China are also present. 
  • 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

    Updated information about:

    Major Issuers, Major Acquirers, Major Processors and Consumer Finance indicator.

    Statistical Key Figures for 2015 provided in this profile:

    • UPDATED: tables with card business data 2011-2015; 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

    1.1(090117) last updated 9th January 2017