There is no exact data of mobile payments in Georgia yet. Meanwhile, we are witnessing a positive trend regarding the increase of card payments. According to NBG data, ATM transactions in Georgia have shared 42% as of January 2016, down from 47% during the same period of the previous year. With 7, 405, 260 the number of debit cards is almost twice that of the Georgian population. Cashless payments on domestic market have totaled 4,974,783 units, worth GEL 172, 303, 000 as of January 2016.
MPOS is one of the most exciting developments in the payment’s industry, with more companies than ever using mobile devices as a point-of-sale device globally. Following Halyk Bank in Georgia, recently TBC Bank has announced the launch of mPOS, a new way of accepting payments specifically designed to support merchants’ growing use of mobile devices. Georgian banks continue to pioneer inno vation-led banking solutions and with mPOS, merchants of all sizes can now accept and process payments anytime, anywhere.
“WE TRY TO PROVIDE DEVELOPMENT OF NON-CASH PAYMENT IN GEORGIA, REACH THOSE SEGMENTS THAT PREFER TO USE NON-CASH PAYMENT AND BRING THEM TO THE BANKING SECTOR. THAT IS WHY THIS PROJECT IS A CHALLENGE FOR US. WE HOPE THAT WE WILL BE ABLE TO BROADEN MPOS USERS’ NUMBER. BUT AT THIS MOMENT, AFTER 10-MONTH-LONG REALIZATION, PROJECT IS SUCCESSFUL”.