**National Bank Denies Restrictions on Visa and Mastercard**
The National Bank of Georgia has made it clear that claims suggesting restrictions on the activities of Visa and Mastercard are false. According to a statement from the National Bank, these rumors have been spread through various media outlets.
**No Restriction on Payment Systems**
The National Bank emphasizes that their mandate is to ensure the safe and efficient operation of the country’s payment system. As part of this mission, they work with global technology firms, including Visa and Mastercard. These companies have operated in Georgia for over 25 years and have played a significant role in advancing the country’s payment ecosystem.
**Introduction of Instant Payment System**
The National Bank is working on introducing an instant payment system, in partnership with the World Bank. This system will be available to the public and business representatives starting from the second half of 2026. The new system will offer users a similar experience to card transactions, often with additional benefits such as lower transaction costs and instant fund availability for recipients.
**No Impact on Card Payment Systems**
The National Bank is clear that both traditional card payment systems (Visa, Mastercard, American Express) and non-card instant payment systems will continue to operate in Georgia. This parallel coexistence will foster greater competition in the payments sector, providing consumers with a broader range of choices.
Read More @ www.interpressnews.ge