🏦 The first digital bank opened in Georgia.

👨‍💻 JSC "Pacera Georgia" has received a license and the opportunity to test the execution of banking activities in the form of a digital bank in Georgia. Then the digital bank of Georgia will be able to conduct all banking operations. The existence of a digital bank provides for the absence of branches and service centers.

👥 After the digital bank was first opened in Georgia, the number of commercial banks approached 15. The idea of the digital bank of Pacera Georgia JSC is based on the merger into the EU financial system and the offer of innovative digital products by customers.

Ex-Finance Minister D. Kumsishvili and entrepreneurs I. Tevdorashvili and I. Vekua created the company "Pacera Georgia" JSC in March 2022. And already in September 2022, the company was inverted into a joint-stock company under the management of D. Kumsishvili. When providing services, the digital bank uses the latest technologies and an innovative technological business model, mainly in electronic form.

The activity of the digital bank is focused on the development of banking as a service model in the use of open APIs in the financial sector.

📊 Such introduction of innovations will allow Georgia to develop at an accelerated pace in all directions, which will give new opportunities to both residents of Georgia and visitors and attract new investors.