The international payment platform Alipay+, developed by Ant International, is entering the Georgian market. On October 27, during a financial summit in Tbilisi, an agreement was signed designating Neo Georgian Bank as its exclusive partner in the country. The bank described the integration of the payment ecosystem as its first major technological offering for clients after receiving its banking license.

Neo Georgian Bank plans to serve as a technology and settlement center for Georgia’s banking and financial sector. Alipay+ connects over 2 billion user accounts via more than 50 international payment partners, and its network covers over 150 million merchant locations worldwide. The integration is expected to simplify cross-border settlements and help Georgian businesses accept payments from customers in China, Southeast Asia, and other regions.

The platform will also enable tourists to pay for shopping, dining, and accommodations in Georgia using their familiar mobile wallets through QR codes. This could enhance payment convenience for foreign visitors and support the tourism sector. In turn, Georgian residents and local entrepreneurs will be able to use the international Alipay+ network during trips abroad, including in Asia. Stated benefits include streamlined payments and potentially reduced costs for international transactions and currency conversion.