Instant Payment SystemAnnouncedA retail instant payment rail announced by the National Bank of Georgia and expected to go live by the end of 2026. Until then, Georgia has no interbank instant retail rail. Everyday payments run on cards and proprietary banking apps, which explains why bank super apps carry unusual weight in the country.National Bank of Georgia (implementation contracted to Montran, the vendor behind Georgia's RTGS)
Global registry · Asia-Pacific · Central Asia
Georgia Payment systems
2 systems listed.
This country doesn’t have a written market analysis yet: e-commerce shares, regulator, and key players are still to be documented. The systems below, however, are verified.
IBAN · Georgia
22 characters20 bank codes65 BIC codes
- Total length
- 22 characters
- Bank code position
- 5–6
- BBAN structure
2!a16!n
Structurally valid example
GEcountry code29check digitsNBbank0000000101904917account
GE29 NB00 0000 0101 9049 17
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Payments in Oceania and CanadaPayments in Central AsiaPayments in South Asia outside IndiaPayments in Southeast AsiaPayments in Japan and KoreaPayments in Malaysia and SingaporeAccepting payments in Australia and New ZealandAccepting payments in Indonesia and ThailandAccepting payments in Japan and South KoreaAccepting payments in Southeast AsiaPayments in Asia: super-apps, public rails, and cross-border QROpening a new market: the payments playbook
Instant payments
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GPSS (Georgian Payment and Settlement System)Georgia's core infrastructure: the central bank's RTGS (the “Automated Transfer and Electronic Settlement System”) combined with the central securities depository. The first version launched in 2001 with support from the IMF and USAID, was rebuilt in 2009, and switched to ISO 20022 on May 11, 2026, on a Montran platform. ⚠️ Many secondary sources expand the acronym as “Georgian Payment and Securities System,” but the central bank uses “Settlement.”National Bank of Georgia (the central bank is both operator and participant, alongside the Treasury, commercial banks, and microbanks) · since 2001Availability above 99.9% in every year from 2019 to 2025 (National Bank of Georgia).