Georgia finance: modern payment rails and the new factoring framework support a defined operating-model review

Verified facts

• The National Bank of Georgia completed an RTGS and clearing-system modernisation in May 2026 using the ISO 20022 standard. The Bank describes the infrastructure as a foundation for future services including instant payments and further digital financial services. A system upgrade does not establish participation, connectivity, API access, transaction execution or commercial availability for a particular bank, provider or merchant.
• In September 2026, the National Bank described its payment-system roadmap as including an Instant Payment System at an advanced stage, with domestic infrastructure established before future cross-border connectivity and interoperability. The statement establishes a current direction of travel, not a launch date, international payment corridor, bank sponsorship, product approval or settlement route for a named company.
• The National Bank reported in August that Parliament had adopted a Law on Factoring, scheduled to enter into force on 1 January 2027. The Bank’s consultation described a framework in which qualifying regulated institutions and factoring companies transact through a factoring platform registered under NBG normative acts. The law and consultation do not establish a registered platform, operational service, eligibility outcome, receivable acceptance, credit decision or financing commitment.
• Georgia’s payment-services framework defines the regulatory perimeter for commercial banks, registered payment service providers and microfinance institutions, including user-information, transaction-execution, card-instrument and strong-customer-authentication rules. The framework is essential for classification and due diligence but does not by itself determine whether a proposed business model is licensable, compliant or commercially workable.
• The World Bank identifies financial intermediation, safe payment infrastructure and broader private-sector development as part of Georgia’s economic context. Its country and payment-system material is useful independent framing, but it cannot confirm a regulated authorisation, customer, commercial bank relationship, payment flow, price or transaction.