What is the Georgia Open Banking implementation timeline?

Q: What is the Georgia Open Banking implementation timeline?

2019-07-01: Open Banking Committee set up with Bankers' Association. 2020-09-01: First version of Implementation Framework developed. 2021-03-01: Deadline to implement Stage 1 of Open Banking. 2023-05-03: NBG President's Order No. 80/04 'On Approval of the Rule on Inclusion in Open Banking' adopted, formalizing PSD2-aligned participation and technical requirements. 2024-07-12: First non-bank TPPs (AISP/PISP) approved onto the Open Banking Registry. 2026-08-06: Open Banking Registry reaches 15 banks and 10 TPPs

Georgia Open Banking - Georgian Open Banking Framework |...

Georgia's Open Banking framework is supervised by the National Bank of Georgia and mandates participation for licensed banks. As part of Georgia's commitment to dynamic approximation with PSD2 under the EU-Georgia Association Agreement, the framework's provisions are aligned with the EU's Payment Services Directive 2, rather than being purely market-driven. Participation, technical interoperability, data protection and operational resilience are governed by NBG Order No.

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Jurisdiction

Georgia

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Effective Date

2023

May 3, 2023

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Full Compliance

TBD

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Regulator

National Bank of Georgia

Overview

Scope & Coverage

AISPIS

Key Requirements

NBG registration via Order No. 80/04

API standards compliance (Open Finance Standard)

Mandatory AIS/PIS for licensed banks

Consumer consent

PSD2-aligned data protection and operational resilience requirements

Implementation Timeline

Jul 1, 2019

Open Banking Committee set up with Bankers' Association

Sep 1, 2020

First version of Implementation Framework developed

Mar 1, 2021

Deadline to implement Stage 1 of Open Banking

May 3, 2023

NBG President's Order No. 80/04 'On Approval of the Rule on Inclusion in Open Banking' adopted, formalizing PSD2-aligned participation and technical requirements

Jul 12, 2024

First non-bank TPPs (AISP/PISP) approved onto the Open Banking Registry

Aug 6, 2026

Open Banking Registry reaches 15 banks and 10 TPPs

Official Documents & Resources

NBG Open Banking Page

NBG Open Banking Registry

Open Finance Standard

Order No. 80/04 (Rule on Inclusion in Open Banking)

Key Notes

Georgia has committed to dynamic approximation with PSD2 under the EU-Georgia Association Agreement; open banking provisions are aligned with PSD2 rather than market-driven. As of mid-2026 the Open Banking Registry lists 15 banks (ASPSPs) and 10 third-party providers (AISPs/PISPs) as active.