Sunday, December 22, 2024

Paysera bank opens its doors in Georgia

  • Paysera Georgia Expansion:
    • Paysera Georgia, a member of the Paysera Group, has opened its first bank branch in Tbilisi.
    • Obtained a banking license in Georgia last year to offer diverse financial services.
  • Strategic Move and Enthusiasm:
    • CEO Marijus Plančiūnas is enthusiastic about the strategic move.
    • Highlights key advantage: instant SEPA transfers, beneficial for non-SEPA member Georgia.
    • Transformative shift for Georgians, enabling swift European transactions.
  • Collaborative Expansion Model:
    • Paysera’s physical expansion is facilitated by a collaborative joint activities model.
    • Successful implementation in Georgia, where local entrepreneurs introduced Paysera brand and technology.
    • Dimitry Kumsishvily, a prominent businessman, serves as a shareholder and director.
  • Digital Banking in Georgia:
    • Paysera Bank Georgia, the first digital bank in the Georgian market, initiated services for individuals and legal entities.
    • Seamless integration into the SEPA system for Euro transactions with the same ease as Georgian Lari transactions.
  • EU Candidate Status Promotion:
    • Paysera Bank Georgia announces a special promotion for clients due to Georgia achieving EU candidate status.
    • Over the next three months, Euro transfers to Europe will be free, fostering financial inclusivity.
  • Central Bank Augmentation:
    • In mid-December, the Central Bank of Georgia augmented Paysera Georgia’s bank license.
    • This grants the institution the opportunity to provide loans in the future.
  • Comprehensive Financial Services:
    • Paysera Group offers over 100 payment methods, account services, transfers, currency exchange, gold trading, etc.
    • Originating in Vilnius, Lithuania, in 2004, the group has expanded to nine countries, including the recent addition of Georgia.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

What is Fintech?

Fintech: A term used to refer to innovations in...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

TBC Bank Uzbekistan Raises $37 Million in Equity Investment

Subheading TBC Bank Uzbekistan secures $37 million from TBC Group,...

XTransfer and OCBC Form Comprehensive Partnership

Subheading XTransfer and OCBC collaborate to provide innovative cross-border financial...

Brazil Greenlights PayRetailers’ Acquisition of Transfeera

Subheading PayRetailers expands its presence in Brazil by acquiring Transfeera,...

Delio Appoints Felicia Meyerowitz-Singh as New Chair

Subheading Felicia Meyerowitz-Singh brings extensive financial services experience to drive...

Işbank Expands Partnership with Alipay+, Enhancing Cross-Border Payments

Subheading Işbank, Turkey's largest private bank, partners with Alipay+ to...

Former UBS Investment Analyst Unveils Voice-Cloned AI Education Tool

Subheading Geoff Robinson's new app uses his digitally cloned voice...

New Zealand Reduces Merchant Service Fees for Card Payments to Benefit Businesses

Subheading The Commerce Commission's draft decision aims to lower Visa...

Adyen and Affirm Extend Partnership to Canada, Enhancing Payment Options

Subheading Adyen and Affirm expand their collaboration to bring flexible...

Related Articles

Popular Categories

spot_imgspot_img