Georgia Payment Service Provider License

Money Remittance Services

Licensed PSPs can offer domestic and international money transfer services, allowing clients to send and receive funds securely and efficiently both within Georgia and across international borders.

Payment Account Services

PSPs are permitted to open and maintain payment accounts for clients, enabling deposits, withdrawals, and the execution of payment transactions on behalf of account holders.

Card Issuing and Acquiring

A licensed PSP can issue payment cards and provide merchant acquiring services, allowing businesses to accept card payments and facilitating the broader digital payments ecosystem.

Execution of Payment Transactions

PSPs are authorized to execute direct debits, credit transfers, and standing orders on behalf of clients, supporting both individual and business payment needs.

Minimum Capital Requirement

Applicants must demonstrate sufficient initial capital as required by the NBG, ensuring the PSP has adequate financial resources to support its payment processing operations and meet regulatory obligations.

Fit and Proper Management

All directors and key personnel must demonstrate relevant professional experience, appropriate qualifications, and a clean financial and criminal background that meets the NBG's strict fit and proper standards.

Robust Compliance Framework

A fully documented compliance program covering AML, CFT, and data protection obligations must be established and operational before the NBG grants authorization to the applicant.

Local Office and Operational Presence

Applicants are required to maintain a registered office and a genuine operational presence in Georgia, ensuring the PSP is properly established within the jurisdiction.

Licensed Auditor

A qualified and independent auditor must be appointed to review and verify the PSP's financial statements annually, ensuring full transparency and accountability to the regulator.

Compliance Officer

A dedicated compliance officer must be appointed to oversee the PSP's AML, CFT, and regulatory reporting obligations, ensuring ongoing adherence to NBG requirements.

IT and Cybersecurity Provider

PSPs must engage a reliable technology provider to ensure secure and reliable payment processing systems that protect client data and transaction integrity.

Local Legal Representative

A local legal representative or registered agent is required to handle regulatory correspondence and ensure the PSP meets all ongoing legal obligations in Georgia.

Access to a Growing Fintech Market

Georgia's expanding fintech sector and strategic location provide PSP license holders with access to a growing regional market spanning both European and Asian financial corridors.

Cost-Effective Licensing Environment

Compared to many EU jurisdictions, Georgia offers a more cost-effective regulatory environment, reducing both setup and ongoing compliance costs for payment service providers.

Supportive Regulatory Framework

The NBG has implemented a forward-thinking regulatory approach that encourages innovation in payment services, making it easier for PSPs to operate and expand their offerings.

Strategic Geographic Position

Georgia's location at the crossroads of Europe and Asia provides PSPs with a strong base to serve clients across multiple regions and currency corridors.

End-to-End Licensing Support

Neptune Fiduciaries manages the entire PSP licensing process on your behalf, from initial application preparation to final approval, ensuring a smooth and efficient journey.

Experienced Regulatory Guidance

Our team has deep expertise in navigating the NBG's requirements, helping clients avoid common pitfalls and delays throughout the application process.

Complete Documentation Preparation

We handle all required documentation, compliance policies, and regulatory submissions, ensuring everything is accurately prepared and submitted on your behalf.

Ongoing Compliance Assistance

Neptune Fiduciaries continues to support clients after licensing is granted, helping maintain ongoing compliance with NBG regulations and reporting obligations.