Georgia prepares a new factoring framework for business receivables and platform services

Verified facts

• The National Bank of Georgia reported that Parliament adopted the Law on Factoring in 2026, with entry into force scheduled for 1 January 2027. The law describes factoring as transfer of a receivable arising from an underlying contract to a factor, with the claim transferred upon registration in the relevant factoring registry.
• The National Bank stated that factoring transactions will involve regulated banks, microbanks, microfinance organisations and factoring companies, and that transactions are to be conducted through a factoring platform registered under the Bank’s normative framework. Its August consultation requested stakeholder input on the prospective supervisory regime.
• The legal and operational details that determine a usable factoring product, including platform registration, provider status, receivable eligibility, debtor notification, data, credit, pricing, security, settlement and remedies, still require confirmation from current law, implementing rules and authorised regulated parties.
• The National Bank’s payment-services framework provides broader context on the supervision of payment and settlement providers and financial-user protections. It is relevant to a customer and settlement design but does not make a factoring service authorised or commercially available.