Payment institution licence (Georgia)
The Registration as a Payment Service Provider (PSP) with the National Bank of Georgia is issued by National Bank of Georgia (NBG) under Law of Georgia on Payment System and Payment Services. The application fee is GEL 5,000 application review fee. Ownership changes need the regulator's approval before completion.
At a glance
| Official name | Registration as a Payment Service Provider (PSP) with the National Bank of Georgia1 |
|---|---|
| Also known as | PSP · NBG PSP registration · Georgian payment service provider registration · Georgian payment institution |
| Market names to check | Georgian PSP licence: Payment service providers are registered with the National Bank of Georgia, not licensed EMI licence in Georgia: A PSP registration is not an electronic money institution licence |
| Issued by | National Bank of Georgia |
| Jurisdiction | Georgia |
| Licence family | Payment institution (PI) |
| Legal basis | Law of Georgia on Payment System and Payment Services2 |
| Passporting | Domestic only |
| Application fee | GEL 5,000 application review fee3 |
What it lets you do
| Execution of payment transactions | Executing direct debits, card payments and credit transfers, including standing orders, from a payment account. |
|---|---|
| Money remittance | Receiving funds from a payer solely to transfer them to a payee or another provider, without opening payment accounts. |
| Issuing payment instruments and acquiring payment transactions | Issuing cards or other payment instruments to payers, and acquiring card and other payment transactions for merchants. |
| Payment initiation services | Initiating a payment order at the user's request from an account held with another provider, as in open banking. |
| Account information services | Providing consolidated online information on one or more payment accounts the user holds with other providers. |
Where it is valid
Cost
How long it takes
Statutory: not set in law. Observed: A law firm reports NBG allows 30 calendar days to fix incomplete documentation, then reviews a compliant application within 60 calendar days3. The statutory clock usually starts only when the regulator treats the application as complete, and pauses while it waits for answers to its questions.
Buying a company that already holds it
Prior notification with an objection period. For commercial banks, acquiring or crossing 10%, 20%, 30% or 50% of capital or voting shares, or otherwise gaining significant influence, requires notifying the National Bank; anyone holding more than 10% is a significant shareholder subject to the NBG's fit-and-proper assessment (Law on Commercial Bank Activities, Art. 81 and Art. 1(z5)). For payment service providers, changes of significant shareholders and beneficial owners must be notified to the NBG under its PSP registration order (Order No. 77/04 of 1 May 2023).4
Ready-made companies holding this licence: see verified positions.
PI in other countries
| Country | Licence | Regulator | Min. capital | Application fee | Statutory time |
|---|---|---|---|---|---|
| Czech Republic | Account Information Service Provider authorisation | CNB | n/a | CZK 25,000 | ~3 mo |
| Czech Republic | Small-scale Payment Service Provider authorisation | CNB | n/a | CZK 10,000 | ~1 mo |
| Czech Republic | Payment Institution licence | CNB | n/a | CZK 50,000 | ~3 mo |
| Estonia | Payment institution operating with an exception | FI | n/a | n/a | n/a |
| Estonia | Operating licence as a payment institution | FI | n/a | EUR 3,000 | ~3 mo |
| Georgia | Payment institution licenceRegistration as a Payment Service Provider (PSP) with the National Bank of Georgia | NBG | n/a | GEL 5,000 | n/a |
| Germany | Account information service provider registration | BaFin | n/a | n/a | n/a |
| Germany | Payment institution licence | BaFin | n/a | EUR 13,523 | ~3 mo |
| Ireland | Payment Institution Authorisation | CBI | n/a | n/a | n/a |
| Latvia | Registered payment institution | LB | n/a | EUR 2,500 | ~1.7 mo |
| Latvia | Authorised payment institution licence | LB | n/a | EUR 5,000 | ~3.7 mo |
| Lithuania | Payment institution licence for restricted activity | LB | n/a | n/a | n/a |
| Lithuania | Payment institution licence | LB | n/a | EUR 898 | ~3 mo |
| Luxembourg | Payment institution authorisation | CSSF | n/a | EUR 30,000 | ~3 mo |
| Malta | Account information service provider registration | MFSA | n/a | EUR 1,000 | n/a |
| Malta | Payment institution licence | MFSA | n/a | EUR 10,000 | ~3 mo |
| Netherlands | Payment institution licencePayment institution licence (Vergunning betaalinstelling) | DNB | n/a | EUR 6,800 | ~3 mo |
| Poland | Account Information Service Provider registration | KNF | n/a | n/a | n/a |
| Poland | National Payment Institution licence | KNF | n/a | EUR 1,250 | ~3 mo |
| Poland | Small Payment Institution registration | KNF | n/a | PLN 616 | ~3 mo |
| Singapore | Major Payment Institution Licence | MAS | n/a | SGD 1,500 | n/a |
| Singapore | Standard Payment Institution Licence | MAS | n/a | SGD 1,000 | n/a |
| Slovakia | Payment institution licence | NBS | n/a | n/a | ~3 mo |
| Spain | Payment institution authorization | BdE | n/a | n/a | ~3 mo |
| United Arab Emirates | Retail Payment Services Licence (Categories I to IV) | CBUAE | n/a | n/a | ~2.8 mo |
| United Kingdom | Registered Account Information Service Provider (RAISP) | FCA | n/a | GBP 1,130 | n/a |
| United Kingdom | Small Payment Institution (SPI) Registration | FCA | n/a | GBP 1,130 | n/a |
| United Kingdom | Authorised Payment Institution (API) | FCA | n/a | GBP 5,640 | ~3 mo |
Values come from each licence's page, where every figure has its source.
Laws behind it
- Law of Georgia on Payment System and Payment Services: Law of Georgia No 6304-Is of 25 May 2012
Sources
- nbg.gov.ge: law on payment services · retrieved 2026-09-24
- matsne.gov.ge: 1673253 · retrieved 2026-09-24
- ge.andersen.com: payment services georgia · secondary · retrieved 2026-09-24
- matsne.gov.ge: 32962 · retrieved 2026-09-24
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