The National Bank of Georgia has issued a statement welcoming American Express’s decision to open its payment scheme in Georgia, making it available to all eligible financial institutions operating in the country. American Express indicated it plans to collaborate with banks that are interested in issuing and acquiring American Express cards within Georgia as part of its global network. The National Bank of Georgia linked the development to promoting competition in the payments industry, noting its role in ensuring enforcement of competition laws in the financial sector and highlighting that Georgia’s payments legislation, conceptually aligned with the European Union, emphasizes objective, proportionate and non-discriminatory access to payment systems and schemes.
National Bank of Georgia 2025-07-25
National Bank of Georgia welcomes American Express opening its payment scheme to eligible Georgian financial institutions
The National Bank of Georgia welcomed American Express's decision to open its payment scheme in Georgia, allowing access to all eligible financial institutions. American Express plans to collaborate with interested banks for card issuance and acquisition. This development is linked to promoting competition in the payments industry, with Georgia's legislation emphasizing fair access to payment systems.