Russia and CIS Payment Cards Yearbook

Georgia - Summary

Georgia Market Overview

  
Georgia Payment Organizations Georgian Card
Union Financial Corporation (UFC)
   
Georgia Domestic Card Brand Georgian Card
   
Georgia Market Structure

Cards per capita, at 0.91 are at a high level by CIS standards. POS transactions are relatively highly-developed, running at half the number of ATM withdrawals by number.

All Georgian banks are privately-owned. Foreign capital plays an important role, accounting for over 80% of banking sector assets.

SociŽtŽ GŽnŽrale, through Bank Republic, is the main western bank investor. Banks from Russia, Turkey, Ukraine, Kazakhstan and Azerbaijan are also present.
   
Georgia Major Issuers Bank of Georgia, TBC Bank, VTB Bank (Armenia), Bank Republic, Kor Standard Bank.
   

Georgia Key Statistics 2009

  
Georgia Population 4.38 million
Georgia Cards Total: 4.0 million

 

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