Turn your payment-services business plan into an organised Georgian PSP application. We help you define the services, prepare the supporting documents and work through the National Bank’s application questions.
Start with the payment journey
Tell us who your customers will be, how funds move and which payment services you intend to provide. We use this to identify the Georgian PSP registration work, customer-funds arrangements and operational documents relevant to the business.
Bring the application documents together
- Corporate ownership and management information.
- Business plan, financial forecasts and operating procedures.
- AML/CFT, sanctions and customer-onboarding documents.
- Technology, security, outsourcing and business-continuity information.
- Application preparation and responses to the National Bank.
Know the costs before committing
We prepare a proposal around the services and documentation required. It identifies professional fees and the regulatory, capital, safeguarding and continuing reporting requirements to plan for. We can also coordinate the company setup and banking application work.
Draw the fund flow before choosing the application documents
Explain who pays whom, which account receives customer money, who instructs a transfer and when the merchant or customer is settled. Mark refunds, failed transactions, chargebacks and fees. The legal description of a payment service should agree with this operating model and with the contracts used by the business.
| Area | Question to answer | Supporting record |
|---|---|---|
| Service | Which payment service does the company itself provide? | Product description and fund-flow diagram |
| Customer money | Where is money held and how is it reconciled? | Account arrangements and daily reconciliation process |
| Ownership and governance | Who controls the company and makes decisions? | Ownership documents and management responsibilities |
| Customer terms | How are fees, execution and complaints handled? | Contracts, disclosures and complaints procedure |
| AML | How are customers and transactions assessed? | Risk assessment and operating controls |
| Technology and outsourcing | Which systems or partners are essential? | System records, contracts and continuity arrangements |
| Finance | How is the business funded and maintained? | Capital/funding evidence and a realistic financial plan |
Separate the provider’s money from amounts owed to customers
The accounts should distinguish customer funds, fees earned, partner charges and amounts in settlement. A gross bank balance can contain money owed to merchants or payment partners. Agree the reconciliation with the accounting team before the first transactions are processed.
For a service using foreign partners, identify where each party is authorised and which responsibilities remain with the Georgian company. The customer agreement, partner contract and operational process should allocate the same responsibilities. Outsourcing a technical task still leaves management with decisions about oversight and continuity.
Plan changes as well as the initial registration
A new payment product, settlement partner, ownership structure or important system change may require regulatory review or an update. Keep a current description of the business and the documents provided to the National Bank. A structured change record helps the company assess its continuing obligations as its payment volumes and products develop.
Discuss the next step
Send a short business outline and a description of how your customers will make and receive payments.
Request a consultationFrequently asked questions
What should a PSP applicant send first?
Send a concise business model, proposed services, customer countries, ownership chart, expected transaction volumes and a funds-flow diagram. Identify which entity will hold or control customer money.
Does PSP registration also authorise crypto services?
Payment services and virtual asset services have separate regulatory frameworks. A mixed business must assess each activity and obtain the registrations that apply.
Legal basis: Law of Georgia on Payment Systems and Payment Services; National Bank of Georgia PSP registration and regulation rules.