# Registration as a Payment Service Provider (PSP) with the National Bank of Georgia (Georgia)

Source page: https://protegra.io/licensing/licences/payment-institution/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 Georgia [1] |
| --- | --- |
| Issued by | [National Bank of Georgia](https://protegra.io/licensing/regulators/nbg-georgia/) |
| Jurisdiction | [Georgia](https://protegra.io/licensing/jurisdictions/georgia/) |
| Licence family | [Payment institution (PI)](https://protegra.io/licensing/licences/payment-institution/) |
| Legal basis | Law of Georgia on Payment System and Payment Services [2] |
| Passporting | Domestic only |
| Application fee | GEL 5,000 application review fee [3] |

## What it lets you do

- [Execution of payment transactions](https://protegra.io/licensing/activities/payment-execution/)
- [Money remittance](https://protegra.io/licensing/activities/money-remittance/)
- [Issuing payment instruments and acquiring payment transactions](https://protegra.io/licensing/activities/card-issuing-acquiring/)
- [Payment initiation services](https://protegra.io/licensing/activities/payment-initiation/)
- [Account information services](https://protegra.io/licensing/activities/account-information/)

- **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

_Valid in Georgia._

## Cost

_Regulatory costs from the official sources above. Professional fees, staff, office and audit come on top and depend on the business model._

## 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](https://protegra.io/companies/emoney-payments/).

## Laws behind it

- [Law of Georgia on Payment System and Payment Services](https://protegra.io/licensing/laws/ge-law-on-payment-systems-and-services/): Law of Georgia No 6304-Is of 25 May 2012

## Sources

1. [nbg.gov.ge: law on payment services](https://nbg.gov.ge/en/page/law-on-payment-services): retrieved 2026-09-24
2. [matsne.gov.ge: 1673253](https://matsne.gov.ge/en/document/view/1673253): retrieved 2026-09-24
3. [ge.andersen.com: payment services georgia](https://ge.andersen.com/payment-services-georgia/): retrieved 2026-09-24
4. [matsne.gov.ge: 32962](https://matsne.gov.ge/en/document/view/32962): retrieved 2026-09-24

Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.