The use of Open Banking in Georgia continues to grow steadily. According to data from the past year (February 2025 – February 2026), more than 915,000 transactions were carried out through Open Banking.

Open Banking allows users to decide who they share their financial data with, when, and to what extent, while also enabling them to securely initiate payments from their preferred platforms. Data sharing and related services are carried out via standardized APIs, based on the user’s explicit and informed consent.

The development of a modern digital financial ecosystem is one of the key priorities of the National Bank of Georgia (NBG), with Open Banking at its core. The foundation for this infrastructure was laid in the summer of 2019, followed by the establishment of a standardized framework that ensured the availability of account information sharing and payment initiation services through secure API channels. The system became operational in 2021, when commercial banks joined and began offering customers new products based on these services. In July 2024, the ecosystem expanded beyond the traditional banking sector. At that point, the first non-bank entity was authorized by the NBG to participate in Open Banking.

Key indicators from the past year highlight this upward trend:

 

• 915,000+ transactions have been initiated through Open Banking. This reflects growing user trust in fast and secure payment methods and confirms that Open Banking is becoming an integral part of everyday financial life.
• 5,000+ uses of account information, payment initiation, and digital onboarding services. This reflects stable demand for innovative solutions that enable users to manage and control their finances more efficiently.
• 9.3 million+ total uses of Open Banking services. This scale demonstrates that the system has evolved into a solid and reliable foundation, ensuring the seamless operation of everyday digital financial services.

Business interest in Open Banking opportunities is growing significantly. The ecosystem is not limited to traditional financial institutions and fintech companies it also creates new opportunities for the broader business sector, including retail and e-commerce.

Both regulated entities of the NBG and organizations that were not previously subject to its supervision can participate in Open Banking. Upon meeting the relevant requirements, retail and other non-financial sector companies are able to provide Account Information Services (AIS) and Payment Initiation Services (PIS). In practice, this means that businesses can directly implement modern, fast payment methods on their own platforms. Since a transaction initiated through Open Banking is essentially an Account-to-Account payment, it significantly reduces the need for traditional intermediaries. As a result, businesses benefit from the advantages of an open ecosystem lower operational costs and increased security.

 

For detailed information on the integration of Open Banking in e-commerce and the new advantages created for businesses, please refer to the NBG’s article: Open Banking in E-commerce: New Opportunities and Development Perspectives.

Organizations wishing to join Open Banking should follow the “Regulation on Joining Open Banking.” Additional information on the regulatory framework is available on the website of the National Bank of Georgia.

Those interested in Open Banking can contact the Innovation Office of the National Bank of Georgia at: innovationoffice@nbg.gov.ge.