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ბიზნეს მედია - Bank of Georgia
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NBG and Bank of Korea partner to advance cashless payment systems

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The partnership between the National Bank of Georgia (NBG) and the Bank of Korea represents a significant step towards developing Georgia’s financial system and deepening international cooperation. Within the framework of an agreement concluded between the two countries’ central banks, a project is underway aimed at promoting the development of cashless (electronic) payments in Georgia.

According to the NBG, the project also aims to develop payment systems and increase consumer engagement in the electronic payments sphere, focusing on identifying legislative and infrastructural barriers, encouraging technological innovation in the payments sector, and studying consumer behaviour.

Within the framework of the agreement, organised by the Bank of Korea and the Korea Financial Telecommunications and Clearings Institute (KFTC), a visit by the National Bank of Georgia’s payment systems team took place in Seoul, led by National Bank Vice-President Ekaterine Galdava.

During the visit, representatives of the NBG were introduced to Korea’s experience in developing electronic services, including best practices for enhancing payment systems, implementing innovative financial technologies, and adopting contemporary regulatory approaches. Meetings were held with representatives of the Korean Exchange and Korean Credit Information Services during the visit.

“The partnership with the Bank of Korea offers us a valuable opportunity to gain insight into advanced expertise and to evaluate how innovative technologies and modern regulatory approaches can be tailored to Georgia’s financial ecosystem. We aim to enhance consumer trust and engagement in electronic payments, which is vital for the country’s financial stability,” stated Ekaterine Galdava, Vice-President of the National Bank.

The National Bank of Georgia reported that the next stage of the project will involve a detailed analysis, including consideration of technological and legal aspects. Based on the results of the analysis, recommendations will be developed to support the growth of the payment ecosystem, enhance consumer engagement, and improve access to financial services.

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image With the Permanent Secretary of the Ministry of Transport of Singapore we discussed issues related to cooperation in maritime and aviation sectors, including launching of direct flights - Tamar Ioseliani

25.11.2025.17:00

Tamar Ioseliani, Deputy Minister of Economy and Sustainable Development, held a meeting with Lau Peet Meng, Permanent Secretary of the Ministry of Transport of Singapore. The meeting was held within the framework of the International Maritime Organization (IMO) Assembly in London.

Deepening cooperation between Georgia and Singapore in the directions of maritime digitalization, the development of green ports, and sustainable transformation were the key points of emphasis during the meeting. Special attention was paid to safety systems, hydrographic services, human capital development, and innovative projects.

“It was a very productive meeting; we discussed a number of important issues. From our side, we highlighted the Middle Corridor as a key transport-logistics route connecting Asia and Europe, and Georgia’s importance in its development process. We welcome the sharing of Singapore’s experience in the field of port efficiency and logistics optimization” – Tamar Ioseliani commented.

The Deputy Minister of Economy and Sustainable Development, the meeting with the Permanent Secretary of the Singapore Ministry of Transport also covered the deepening of cooperation in the civil aviation sector, including the issue of direct flights between the countries. Tamar Ioseliani highlighted the growth dynamics in Georgia’s civil aviation sector and the work undertaken regarding market diversification. As she noted, based on data from the first 9 months of this year, a record number of flights were performed at Georgian airports: regular flights amounted to 22 125, while charter flights equaled to 6556.

“The conversation also covered the progress of such important, large-scale infrastructure projects as the new Vaziani International Airport and the Anaklia Deep Sea Port, and their role in terms of increasing connectivity between countries” – Tamar Ioseliani noted.

Furthermore, according to the Deputy Minister, Georgia is ready for a long-term partnership with Singapore that will promote digitalization, green development, safety, and maritime innovation. As Tamar Ioseliani noted, Georgia is implementing complex digital reforms, including the development of the Maritime Single Window and Port Community System and the Singapore’s experience in creating a fully integrated digital port ecosystem is particularly important for Georgia.

“Georgia attaches great importance to our cooperation and sees strong potential for deepening the partnership, especially under the conditions where significant reforms are underway in the maritime sector in the country” – Tamar Ioseliani noted during the conversation with her Singaporean colleague.

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