Payment Card Year Books

Georgia 2019/2020

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Payment Organisation


Domestic Card Brand

PAY debit cards. 

Market Structure

Cards per capita reached 2.01 in 2018, a 17.36% decline on 2017. 

Cards issued have more than 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 93.8% 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, government anti-fraud initiatives

Statistical Key Figures for 2018 provided in this profile:

UPDATED: tables with card business data 2014-2018; 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.


1.1 last updated 12th January 2020