Cooperation in payment systems and financial technology was highlighted between Ekaterine Galdava, the Vice President of the National Bank of Georgia and representatives of its departments of Payment Systems, Financial and Supervisory Technology and International Relations, and their counterparts from the Payment Systems and Financial Technologies Department and Investor Relations and International Organisations Department of the Central Bank of Turkey on Tuesday.
The Georgian National Bank said the sides reviewed Turkey’s experience with implementation of instant payments and a quick response code standard, adding the officials agreed that compliance with international standards simplified the connection of the infrastructure of payment systems.
In the meeting hosted as part of her delegation’s visit to Turkey, Galdava noted Georgia’s central bank promotes development of innovative approaches in payments by providing appropriate infrastructure and introducing mutually complementary standards, including the QR code standard.
The Bank also “actively promotes” development of new payment methods in order to provide customers with an “innovative”, “safe” and “convenient” payment alternative, the Vice President said.
