Money Transfers from Abroad to Georgia in November
In November 2015, the volume of money transfers from abroad constituted 85.2 million USD (204.6 million GEL), which is 18.3 percent (19.1 million USD) less than the amount in November 2014.
91.7 percent of the total money transfers from abroad came from 13 largest donor countries, with the volume of transfers from of these countries each exceeding 1 million USD in November 2015. In November 2014 the share of these 13 countries constituted 92.2 percent of the total volume of money transfers.
In November 2015, 14.7 million USD (or 35.4 million GEL) was transferred from Georgia, as compared to 15.7 million USD (or 28.0 million GEL) in November 2014.
mVisa to Expand to 10 CountriesVisa partners with industry to develop QR standard for safe and easy mobile payments MOBILE WORLD CONGRESS – Barcelona, Spain and San Francisco, CA – February 27, 2017 – Visa (NYSE:V), announced that mVisa, its QR-based payment service, now live in India, Kenya and Rwanda, will soon be available to merchants and consumers in Egypt, Ghana, Indonesia, Kazakhstan, Nigeria, Pakistan and Vietnam. mVisa, a mobile solution, brings the benefits of easy and secure digital commerce to financial institutions, merchants and consumers in emerging markets - helping accelerate the global migration from cash to electronic payments. mVisa aids in overcoming merchant infrastructure issues as it allows consumers to use their mobile phones to make cashless purchases at merchant outlets, pay bills remotely and even send money to friends and family members by securely linking their Visa debit, credit or prepaid account to the mVisa application. It digitizes the underlying account and allows consumers to transfer funds from their account to the retailer’s account reliably and securely by scanning a QR code. “Customers have told us they appreciate how fast and easy it is to use mVisa ,” said Uttam Nayak, senior vice president of digital for emerging markets, Visa Inc. “Small merchants using mVisa, for the first time, are most excited about how quickly and securely they receive electronic payments, without having to invest into expensive point of sale (POS) infrastructure. We are excited to continue to build momentum around mVisa to digitize payments with a scalable, interoperable and secure solution that benefits merchants, financial institutions and consumers.” mVisa Merchant Benefits mVisa is an agile solution that allows merchants around the world to immediately accept digital payments from their customers. The flexible nature of QR codes, and the fact that merchants do not need to invest in POS infrastructure, has allowed Visa and its partners to offer inventive solutions that eliminate friction for consumers who want and need to pay for goods and services around the world. For example: • Visa worked with Tata Sky, India’s leading direct-to-home service provider, to allow Tata Sky subscribers to recharge their account by scanning the QR code through their mobile phones directly from the TV screen or online on mytatasky.com. Tata Sky customers can now order and pay for any monthly or one-time payment services exactly when they require the services, without having to go to a Tata Sky outlet to complete their transaction. • Mahanagar Gas Limited, a utility provider in Mumbai, issues customer bills printed with the mVisa QR code. Customers simply scan the QR code on the bill, as they would at a merchant outlet, and complete their transaction in the comfort of their own home. The mVisa APIs and SDKs are available on the Visa Developer Platform to help simplify the integration process and allow both traditional and non-traditional players to launch new solutions more quickly. Industry Standards Interoperability is at the foundation of Visa and has been the driving force behind Visa’s global acceptance for more than 50 years. mVisa operates on the same foundation, as any bank’s mVisa customer – regardless of where they bank - can transact on any mVisa merchant. The benefits of this low cost acceptance solution was also the reason behind why Visa worked with industry partners to launch BharatQR in February this year. BharatQR is India’s – and the world’s – first standardized QR code payment solution. The solution builds on mVisa’s product standards, and consumers do not need to scan different QR codes at the same merchant provided by the different payment networks. Merchants only need to display one QR code at the storefront or through the acquiring bank’s mobile application. The underlying specification for BharatQR can be implemented in other countries to deliver a globally interoperable solution. About Visa Inc.: Visa Inc. (NYSE:V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products . For more information, visit: www.corporate.visa.com, www.visa.com.ge , https://www.facebook.com/VisaGeorgiaGE, Visa CISSEE Newsroom.
Tourism Revenues Exceed Two Billion USD
The numbers of tourists in Georgia have increased by half a million, and tourism revenues exceed two billion USD. The Prime Minister of Georgia commented on the positive tourism statistics at today's Government meeting.
According to Giorgi Kvirikashvili, it is truly commendable that, in 2016, over 6,350,000 international guests visited Georgia, and the country's revenues from tourism exceed 2,000,000,000 USD.
"It is a result of our joint efforts seeking to develop infrastructure and position Georgia as an attractive international destination. We believe that the investments to create year-round resorts and build roads to tourist destinations, also to implement public-private partnership models at winter resorts, must be enhanced further, because they yield concrete results in terms of additional revenues for local businesses and residents," the Prime Minister stated.
According to Giorgi Kvirikashvili, it is also a commendable outcome that, this year, more than one reputable publication has named Georgia as one of the most attractive new destinations, while some even rank it as the best new tourist destination in the world.
National Movement doesn't have enough supporters-Manana Kobakhidze
Despite all the attempt of National Movement to show us a huge wave of its supporters, they couldn’t do that yesterday- One of the leader of Georgian Dream Manana Kobakhidze said it at press conference. As she added, it is unfortunate that some of the citizens have been paid by National Movement to take part in the protest rally.
As Manana Kobakhidze stated, everyone has a right to hold a demonstration but the motivation is always important. “When people take money to attend a demonstration this means that people need money,”-she said.
TWO PERSONS DETAINED FOR THE ATTEMPTED SWINDLING
The officers of Samegrelo-Zemo Svaneti Police Department of the MIA as a result of operative-investigation activities detained Maia B. (D.o.B.: 1968) and Nana Sh. (D.o.B.: 1980) in Zugdidi for attempted swindling.
Investigation established that the detainees deceived one of the refugees as if they had an influential acquaintance at the Ministry of Internally Displaced Persons from the Occupied Territories, Accommodation and Refugees who would assist him in receiving an apartment. For the mentioned favor detainees demanded and extorted 2000 USD from the refugee.
Law enforcers detained Maia B and Nana Sh in several minutes from the moment of extortion money. Police seized 2000 USD as evidence during personal search of Maia B. Both of the detainees have already pleaded guilty.
Number of tourists in Georgia has increased sufficiently
Popularization of Georgia is growing, international recognition of our country has increased and we consider that next year we shall expect more tourists - Prime Minister of Georgia Giorgi Kvirikashvili stated during the Cabinet meeting. Giorgi Kvirikashvili presented indicators of growth in the tourism area to the members of the Cabinet. According to the head of the Government, throughout last 7 months, more than 3 400 000 people visited Georgia. This unparalleled indicator is 11% higher than last year's index.
"Particularly unparalleled number of international visitors entered Georgia in July. Namely, 764 022 international visitors travelled to our country - as compared to the last year's similar indicator, the number of visitors increased with 26 124.
It is a welcoming fact that that number of tourists from neighboring countries as well as the EU member states is growing. In the first quarter of 2016, the tourism related income was 354.5 million USD that is 15.7% higher than last year's similar indicator. I consider that this trend is very important, since is implies growing of income for all individuals engaged in tourism industry - starting from the owners of family-type hotels and ending with large touristic complexes. This means more employed persons in Georgia, which is vitally important. I would like to thank the whole team that contributed to the development of this direction under the leadership of Ministry of Economy, Administration of Tourism, as well as Ministry of Culture. Thanks to the efforts of the Government, this result was achieved. This is a welcoming fact," - Prime Minister noted.
According to him, pursuant to the new scheme that encompasses public-private partnership model, the events for the next year will be planned during this autumn. Giorgi Kvirikashvili expressed hope that this trend will continue.
"I think that next year we shall expect more tourists. This calls for preparing loca infrastructure for the inflow. We have to work hard in this area," - head of the Government noted.