Network of Fintechs Paysera Grows Reach to Georgia

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The Paysera, the network of financial technology companies, has announced it is expanding to Georgia, where the first Paysera bank will open its doors.

The National Bank of Georgia recently granted the company 'Paysera Georgia' its 15th commercial bank licence and its first digital bank licence.

There will be two customer service centres in the country's capital, Tbilisi, with most services provided remotely. The bank will support SEPA and SEPA Instant payments, which means a large number of transfers from Georgia to Europe will reach the recipients in seconds. The bank will start providing services to clients at the beginning of 2023.

Paysera's story began in 2004 in Vilnius, Lithuania, as a platform for online payment collection. Over time, the portfolio of services grew, and Paysera has evolved into an international network of fintech companies.

Paysera's network of companies is expanding geographically on a franchise-like joint-venture concept, connecting companies from different countries to the network, founded and managed by experienced local entrepreneurs.

(Source: The Paypers)