The National Bank of Georgia (NBG) has partnered with the Bank of Korea to advance electronic payments and strengthen Georgia’s financial system. Under the agreement, the project focuses on developing payment systems, removing legislative and infrastructural barriers, fostering fintech innovation, and studying consumer behavior.

As part of the initiative, NBG’s payment systems team, led by Vice-President Ekaterine Galdava, visited Seoul to learn from Korea’s experience in electronic services, innovative financial technologies, and modern regulatory practices. Galdava emphasized that the partnership will help tailor advanced solutions to Georgia’s financial ecosystem, enhancing consumer trust and engagement.

The next phase will involve a detailed analysis of technological and legal aspects, followed by recommendations to grow Georgia’s payment ecosystem and improve access to financial services.