---
title: "Neobank Licensing"
url: "https://legal.ge/en/service/banking-and-finance-law-en/neobank-licensing-en"
field: "Banking & Finance Law"
description: "Neobank licensing in Georgia: National Bank registration, capital, significant-provider status and client fund protection. Legal.ge."
reviewed: "2026-06-27"
updated: "2026-10-15"
publisher: "legal.ge"
---

# Neobank Licensing

> Source: legal.ge, https://legal.ge/en/service/banking-and-finance-law-en/neobank-licensing-en

## Neobank Licensing in Georgia — Payment-Service Registration

A neobank — a digital financial service operating without physical branches — functions in Georgian law under the status of a payment-service provider, and the legal path to its launch is defined by the Law on Payment Systems and Payment Services. This page explains the three layers: registration with the National Bank and capital requirements, the "significant provider" status and its additional duties, and the consumer-funds regime — the rules that safeguard a neobank clients' money. Every figure and requirement comes directly from the text of the law.

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

### Does a neobank need registration?

Yes — registration with the National Bank is mandatory; payment services by an unregistered person are inadmissible.

### What is the share-acquisition deadline?

1 month from submission; silence means consent, and the period suspends pending additional information.

### What is a significant provider?

A provider whose turnover exceeds thresholds, subject to additional requirements; exemption after 3 months below thresholds.

### Where are clients' funds held?

In a nominal-possession account separate from the provider's own funds; interest and credit use are prohibited.