Payment Service Providers
Payment service provider (provider) - a legal entity that provides payment services to a customer of a payment service in accordance with the legislation of Georgia;
The following private companies are entitled to provide payment services in Georgia:
The information to be submitted to the National Bank of Georgia for registration of a payment service provider is defined in the Rule of Registration and regulation of the Payment Service Provider approved under the Decree of the Governor of the National Bank of Georgia No. 29/04 of February 28, 2017. According to subparagraph a, paragraph 1 of article 7 of Law of Georgia on Registration Fees, a registration fee in the amount of GEL 5,000 (five thousand) is set for the registration of a provider.
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Forms to be filled out |
Registration Form (Appendix # 1) |
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List of payment services to be provided (Appendix # 2) |
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Payment receipt |
GEL 5,000 for registration of a payment service provider |
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Information on activities |
Schematic description of payment services to be implemented |
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Name of the electronic system used, address of the manufacturer's website |
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Information (strategy, plan or other), which confirms that the interested entity plans to provide payment services in Georgia |
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Legal documentation |
Extract from Registry of entrepreneurs and non-entrepreneurial (non-commercial) legal entities |
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Information about direct owners, as well as beneficial owners: copies of identity documents, extract from the registry of entrepreneurs and non-entrepreneurial (non-commercial) legal entities |
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Documentation, through which a beneficiary owner may be identified |
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Information on the interested partys’ authorized representatives, together with the copies of their identity Documents |
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Certificate(s) of conviction |
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A document certifying the right to use or own the real estate where the provider's head office will be located. |