A payment service provider (PSP) licence in Georgia
A PSP/EMI licence for taking payments, issuing electronic money and making transfers.
There's an intermediary “payment agent” service (an agency agreement to take payments for foreign companies) — that isn't a National Bank licence and doesn't confer PSP status. Check with the partner which service you actually need.
The National Bank's official review period is up to 60 days, but the clock stops while the regulator waits for clarifications from the applicant — so the actual time can be longer.
Financial licences (crypto, PSP) in Georgia: comparing the options
The difference is not the price — it is who each option suits. The “Best for” column is the business profile the option is built around.
| Option | Best for | Timeline | Price |
|---|---|---|---|
| Getting a VASP crypto licence in Georgia | Crypto exchanges and trading platforms entering the market through the Georgian jurisdiction, crypto exchangers and exchange kiosks, custody services and crypto wallets managing client assets | 1–3 months | from $345 |
| A payment service provider (PSP) licence in Georgiayou are here | A fintech startup launching a money transfer service or a digital wallet, a company that needs acquiring to take merchant payments, a provider of Open Banking solutions (payment initiation PIS, account information AIS) | 2–5 months | Upon consultation |
What the service includes
| Registering the company (an LLC or a JSC) | |
| Preparing the business plan and financial projections | |
| Drafting the compliance documentation: AML/CFT, risk management, information security | |
| Collecting and filing the pack on the director and beneficial owners | |
| Support at the National Bank of Georgia through the whole review (up to 60 days) | |
| Obtaining the PSP licence | |
| Help opening a bank account | |
| The National Bank application fee (GEL 5,000)— billed separately | |
| Renting and equipping a physical office (CCTV, security systems)— billed separately | |
| Share or start-up capital— billed separately | |
| Processing integration and the technical payments infrastructure— billed separately |
Documents and programme requirements
- 1A company in the form of an LLC or a JSC (a sole trader cannot apply)
- 2A physical office with CCTV and security systems
- 3An authorised representative of the company present in Georgia for at least 14 days
- 4Financial education or evidenced experience of the founders and beneficial owners for the National Bank filing
- 5Criminal record certificates for the management, representatives and major shareholders
- 6A business plan and financial projections evidencing genuine operations in Georgia
- 7Compliance documentation: AML/CFT, risk management and information security policies
- 8The GEL 5,000 (≈$1,900) state fee, paid before the National Bank reviews the application
Frequently asked questions
What does a PSP licence cost?
Can the licence be obtained with a virtual office?
How does a PSP differ from an electronic money issuer (EMI) licence?
What does the licence allow?
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