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Tbilisi, Georgia

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Made with in Georgia

  1. Services
  2. Technology & Digital Law
  3. E-Commerce & Digital Platforms
  4. Payment Systems
  5. E-Money Licensing

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Payment Systems

E-Money Licensing

Is there a separate e-money license?

No. Issuing electronic money is a payment service, and providing it requires registration with the National Bank of Georgia as a payment service provider — apart from the status of a commercial bank, microbank or microfinance organization, this is the only lawful route.

May a provider grant loans?

Yes, under strict conditions: lending must not be the main activity and the loan is granted only for executing a payment operation; the term does not exceed 12 months; the loan is not granted from the consumer's funds; and the aggregate stays within the National Bank's norms.

How quickly does the National Bank review a significant share acquisition?

Within 1 month of the submission of information; silence within that period means consent. A request for additional information suspends the period until it is submitted.

How does the law protect funds held as e-money?

Consumer funds are placed separately from the provider's own, on a nominal possession account; no interest accrues on them, their use for credit is prohibited, and e-money must be exchanged for funds upon request. These funds are not a deposit.

4 min·8 Feb 2026

What being an e-money provider means in Georgia

Issuing electronic money — topping up wallets and using them for payments — is not regulated in Georgia as a separate "EMI license". The entry gate is the Georgian Law on Payment Systems and Payment Services: issuing electronic money is a payment service, and providing it requires registration with the National Bank of Georgia as a payment service provider. This page examines what falls within the concept of payment services, which activities a registered provider may pursue, how registration proceeds, and what requirements apply to consumer funds.

Updated: 18 Oct 2026

Legal basis:

  • საგადახდო სისტემისა და საგადახდო მომსახურების შესახებ