---
title: "Digital Wallet Compliance"
url: "https://legal.ge/en/service/banking-and-finance-law-en/digital-wallet-compliance-en"
field: "Banking & Finance Law"
description: "Expert legal services for Digital Wallet Compliance in Georgia. EMI licensing, AML/KYC policies, and NBG regulations support. Find specialists on Legal.ge."
reviewed: "2026-02-10"
updated: "2026-10-15"
publisher: "legal.ge"
---

# Digital Wallet Compliance

> Source: legal.ge, https://legal.ge/en/service/banking-and-finance-law-en/digital-wallet-compliance-en

Digital Wallet Compliance is a critical component of the Fintech industry in Georgia, regulating the activities of electronic money institutions and payment service providers. Georgia is actively implementing modern digital payment systems, which requires adherence to strict regulatory standards. A digital wallet is not just a technological application; it is a financial platform subject to oversight by the National Bank of Georgia. Ensuring compliance involves full satisfaction of Anti-Money Laundering (AML) standards, consumer protection, and information security norms. Any flaw in the compliance system can be a ground for license revocation or heavy fines. The Legal.ge platform connects you with qualified lawyers and compliance experts who will help in the legal structuring of your digital wallet and harmonization with regulatory requirements.

## What does the Digital Wallet Compliance service cover?

Legal services related to digital wallet compliance involve complex support for Fintech companies. The service covers: managing the licensing process for an Electronic Money Institution (EMI) or Payment Service Provider (PSP); developing internal AML/CFT policies and procedures; validating remote client "due diligence" (KYC/CDD) procedures; drafting personal data protection policies; preparing user Terms of Service in accordance with NBG standards; legal support for information security audits; setting up transaction monitoring systems; and representation in communication with the National Bank of Georgia and the Financial Monitoring Service. Lawyers ensure that your digital product is fully protected from legal risks and acceptable to the regulator.

## Common real-world scenarios

In practice, the need for digital wallet compliance arises at various stages of business development. A typical scenario is a "Startup Launch," where a new Fintech company needs to obtain a license and create internal control mechanisms from scratch. A second scenario concerns "International Expansion," where a foreign digital wallet wants to enter the Georgian market and needs adaptation to local regulations. A third scenario is the implementation of "Digital Identification," requiring NBG approval for a remote verification model. It is also common for a company to undergo a regulatory inspection and need legal assistance to eliminate deficiencies or appeal sanctions. Another important scenario is cryptocurrency integration into a digital wallet, requiring additional compliance with Virtual Asset Service Provider (VASP) regulations.

The full text is available on legal.ge after signing in: https://legal.ge/en/service/banking-and-finance-law-en/digital-wallet-compliance-en

### Who may provide digital wallet services?

Only a payment service provider registered with the National Bank of Georgia, a commercial bank, a microbank, a microfinance organization, or another person provided for by law. Registration grants the right to provide specific services only.

### How quickly does the National Bank respond to a share acquisition application?

Within 1 month of the submission of information; silence means consent. If additional information is requested, the period starts running from its submission.

### How does the law protect money held in a wallet?

Consumer funds are kept separately from the provider’s own funds in a nominal ownership account; using them for credit or an overdraft is prohibited. On request, electronic money is converted into cash funds.

### When must audited statements be published?

A significant provider must publish the audited annual financial statements on its website by 15 May of the following year.