The rate of online payments in Georgia has experienced significant growth in recent years. Data from the National Bank of Georgia reveals that the total value of online payments made using Georgian bank cards increased by 33% annually. During the first 11 months of 2024, the value of online transactions reached 17.3 billion GEL, with the monthly transaction volume exceeding 1.8 billion GEL between October and November.

A comparison of recent years highlights the rapid adoption of online payment methods. The total value of online transactions in the first 11 months of 2024 is nearly 2.5 times higher than during the same period in 2022, representing a 195% increase compared to 2021.

Online Transactions (First 11 Months)

• 2024: 17,373,023,000 GEL
• 2023: 13,048,739,000 GEL
• 2022: 7,201,764,000 GEL
• 2021: 5,890,217,000 GEL
• 2020: 4,200,526,000 GEL

(Source: National Bank of Georgia)

The surge in online payments has been particularly notable since March 2023, with monthly transaction values consistently exceeding 1 billion GEL. Additionally, recent months have recorded up to 21 million individual online transactions per month, underscoring the growing reliance on digital payment platforms in Georgia.