The National Bank of Georgia reported that Vice Governor Ekaterine Galdava met with representatives of the Bank of Korea during a visit to Korea, using the bilateral cooperation agreement framework to explore new areas of cooperation and discuss payment system interoperability initiatives. The Bank of Korea presented a regional-scale interoperability initiative that would extend beyond Georgia and Korea and could involve other countries, with the stated aim of improving compatibility between payment systems and simplifying international money transfers. The National Bank of Georgia highlighted that modernization of its real-time gross settlement system and the introduction of an Instant Payments System are underway, and positioned the partnership as supporting payment system modernization, knowledge exchange, and Georgia’s integration into international frameworks.
National Bank of Georgia 2025-11-11
National Bank of Georgia discusses regional payment system interoperability cooperation with the Bank of Korea
The National Bank of Georgia's Vice Governor Ekaterine Galdava met with the Bank of Korea to explore cooperation under a bilateral agreement, focusing on payment system interoperability. The Bank of Korea proposed a regional initiative to enhance compatibility and simplify international transfers. The partnership supports Georgia's payment system modernization and integration into international frameworks.