Lithuania-based Paysera has expanded its international operations with the opening of a new branch in Tbilisi, Georgia.
This follows the company obtaining a banking licence in the Caucasus country, allowing it to deploy its financial services offering to the national community.
Marijus Plančiūnas, CEO of Paysera Lithuania, said: “One of the key advantages offered by Paysera is instant SEPA transfers, particularly beneficial for Georgia, a non-SEPA member.
“This signifies a transformative shift for Georgians, enabling them to conduct European transactions swiftly and seamlessly. Furthermore, the expansion of Paysera creates new avenues for business development, fortifying the longstanding ties between Lithuania and Georgia.”
Paysera provides various payment options for online merchants, such as account services, transfers, currency exchange and gold trading.. Paysera’s expansion into Georgia follows a strong international presence in Europe, with the company also being active in Lithuania, Latvia, Estonia, Bulgaria, Romania, Ukraine, Albania and Kosovo.
Furthermore, in light of the recent announcement of Georgia’s candidate status for the European Union, Paysera Bank will offer regional clients Euro transfers to Europe free of charge for the next three months.
Dimitry Kumsishvily, Director of Paysera Georgia, added: “Paysera Bank Georgia obtained its licence as the first digital bank in the Georgian market on November 17, 2023, and has promptly initiated services for both individuals and legal entities.
Through our commitment to innovative business models and collaboration with the National Bank of Georgia, Paysera Bank has seamlessly integrated Georgian clients into the SEPA system, enabling Euro transactions with the same ease as transactions in Georgian Lari (GEL).
“This not only enhances financial accessibility but also aligns our country with the European family.”