It is once more confirmed that European Institutes support Georgia-Mikheil Janelidze
It is once more confirmed that European Institutes support Georgia. Despite the difficult period they made an agreement,-This statement was made by the Foreign Minister of Georgia.
Mikheil Janelidze thanked to all who has been working on this issue with Georgia and Ukraine.
“We are too close with our goals. We are waiting for good results for our citizens and the people living in the occupied territories of Georgia,”-Mikheil Janelidze said.
Visa and World’s Leading Experts Explore Future of Payments at Visa Informal Cashless Forum 2021 (Video)
On November 3, the Visa Informal Cashless Forum 2021 has premiered online in the format of a visionary video story. The video is publicly available on the Visa CISSEE YouTube channel - Visa Cashless Forum 2021. The topics of the discussion with world’s leading experts on “The Big Bang in Payments” were:
- What will be the next fintech revolution?
- Is there a future for cryptocurrencies?
- When will passwords become a thing of the past?
- How will AI help us make financial decisions?
Experts sharing their vision include: David Birch,Nassim Nicholas Taleb,Mykhailo Fedorov, Alexey Khitrov and Visa experts:
- Vira Platonova, Senior Vice President, CISSEE Group Country Manager, Visa
- Oleksandr Yablunivskyi, Vice President for Solutions, CISSEE, Visa
- Yevgen Lisnyak, Senior Director, Head of Strategic Partnerships, Fintech & Ventures, CISSEE, Visa
- Visa country managers in the CISSEE region, including Diana Kiguradze, Visa Country Manager for Caucasus
Visa Digitally Enables 16 Million SMBs on Path to Reaching 50 Million Goal Worldwide
New Visa research shows how essential digital capabilities are for SMBs to compete in a post pandemic world
Amidst record rise of entrepreneurism, a new class of digitally-native small businesses emerge
Georgia, Tbilisi – September 21, 2021 – Visa (NYSE: V) today announced it has helped to digitally-enable an estimated 16 million small and micro businesses (SMBs) worldwide, or just over 30% of the multi-year goal it set in 2020 to digitize 50 million SMBs. Since the start of the pandemic, Visa has launched community-based programs from Dubai to DC, to help more small businesses accept digital payments and gain greater access to the digital economy. The necessity for SMBs to continue to digitally accelerate is underscored by the 5th edition of the Visa Back to Business global study released today, which found that 68% of consumers say COVID-19 has permanently changed how they will pay.
“With a 19-month view into the pandemic, we’ve seen that small businesses who embraced digital commerce and cross-border sales have weathered the pandemic better,” said Mary Kay Bowman, global head of buyer, seller, core and platform products, Visa. “But it’s no longer just about pivoting and surviving. We’re now seeing a hopeful surge in entrepreneurship, and as we march toward our goal of 50 million, we’re helping a new breed of business owner come online as digitally-native for the first time.”
Visa Back to Business Study: A Global Pulse on Payment Preferences
The Visa Back to Business global research study has surveyed SMB owners and their customers since the onset of the global pandemic. With an extensive body of sentiment data accumulated through five editions, findings from the newest study highlight the economic opportunity that lies in connecting SMBs, communities and technology:
- SMBs Still Working to Meet Consumer Expectations: The pandemic has dramatically increased consumers’ concern with touching cash and payment readers and correspondingly, increased the desire to tap to pay. Seventy-four (74%) percent of SMBs around the world expect customers will continue to prefer contactless payments as much as, or more than they do now, with two in five (40%) SMBs citing contactless among the top investments needed to meet customer expectations.
- Contactless as a Competitive Edge: Stores that don’t accept contactless payments could run an increased risk of losing customers as a result. More than two in five (44%) consumers say they wouldn’t shop at a store that only offers payment methods that require contact with a cashier or shared device.
- Prioritizing Online Security: One year ago, just 17% of US SMBs started selling products or services online for the first time during COVID-19 and now, 57% expect to continue to do so in the next three months. Yet, many SMBs surveyed said the shift presented new challenges with the top concerns cited as data privacy and security (33%), cost to invest in digital infrastructure (31%) and having less of a personal connection with customers (30%).
- Opportunity Knocks for New, Digitally-Savvy SMBs: While 54% of SMBs say the past year has been a challenge for their business, 46% have viewed it as an opportunity, up from 38% in November 2020. Among those who saw 2020 as an opportunity, their focus has been on new products (37%) and expanding their sales channels (34%), with 23% having started a completely new business.
Unlocking Access to the Digital Economy
Recognizing thatgreater digitization of commerce can bring enormous benefits to small businesses, Visa seeks to bring increased digital equity and inclusivity to the world through its multi-year commitment to digitally enable 50 million SMBs. With 3.4 million new U.S. business applications filed in the first seven months of 2021 alone, Visa’s efforts are focused on ensuring both existing and newly minted small businesses are well-equipped to meet changing consumer demands and embrace the digital future.
From London to North Dakota, Visa has directed resources to SMBs through dozens of programs tailored to fit the needs of local communities. Among them, Visa has committed more than $1 million in hyperlocal grants to U.S. SMB owners who have been disproportionately impacted by the pandemic, deployed Small Business Street Teams to 900,000 businesses in 18 markets, and transformed payment acceptance in 49 markets with Visa Tap to Phone, which enables sellers to accept contactless payments through a simple mobile app. Visa also expanded its global digital education platform for entrepreneurs, Practical Business Skills, which delivers free education resources to SMB owners and to support the digital transformation of their businesses. This builds on a $200 million, 5-year commitment from the Visa Foundation made in 2020 to support SMBs around the world, with a focus on fostering women’s economic advancement.
Visa will continue to celebrate the expansive role SMBs play within local communities and the global economy, starting with the launch of a new digital series today, “Voices of Access,” featuring SMB customers from around the world sharing their unique stories and empowering others to see the possibilities of the digital economy.
Methodology: Visa Back to Business Study
The Visa Back to Business Study: 5th Edition, was conducted by Wakefield Research between June 15-28, 2021, among 2,250 small business owners at companies with 100 employees or fewer in Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, United Arab Emirates and United States. The consumer portion surveyed 1,000 adults ages 18+ in the U.S., and 500 adults ages 18+ in Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore and United Arab Emirates.
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/about-visa, www.visa.com.ge, https://www.facebook.com/VisaGeorgiaGE.
Meet Visa: Reintroducing the Iconic Visa Brand to Everyone, Everywhere
Multi-year brand evolution highlights the power of Visa’s trusted global network, enabling modern money movement and expanding economic access
SAN FRANCISCO, CA – JULY 22, 2021 – Inviting the world to ‘Meet Visa,‘ the global payments technology company today unveiled the initial phase of its brand evolution spotlighting the diverse capabilities of its network and commitment to enabling global economic inclusion. Aligned closely with the company’s business strategy, this phase includes the debut of a dynamic global marketing campaign and a preview of a modernized look for Visa’s iconic brand.
More than 60 years ago, when Visa was founded, few could imagine a world beyond cash and checks. Visa’s founding vision to introduce a more secure, reliable and convenient currency in digital form began with a simple question: what if money became fully electronic? Today, Visa continues to anticipate the future of digital commerce, providing access through its secure global network working for everyone, everywhere.
“People think they ‘know’ Visa. Consumers and businesses trust the power of those four letters and see it when they open their wallet, pay a vendor, walk into a store or check out online. What they don’t see is how those four letters operate the most dynamic network of people, partnerships and products,” said Lynne Biggar, Executive Vice President and Global Chief Marketing Officer, Visa. “We are on a mission to ensure that Visa is seen as more than a credit card company and understood as a trusted network that drives commerce forward.”
While Visa continues to shape the physical and digital credit or debit card transaction, it also increasingly sits at the center of enabling money movement. A company built on access to economic inclusion, the Visa network connects 3.6 billion credentials, over 70 million merchant locations, tens of thousands of partners and powers more than $11 trillion in total volume annually. Over the last five years alone, Visa has invested $9 billion in technology to shape the future of commerce, delivering a differentiated set of products, services and benefits. Visa’s network helps enable a gig-worker with the flexibility to get paid in real time, facilitates person to person payments that can send and receive money between billions of cards and accounts worldwide, and large corporate payments to be made more effortlessly across borders, as just a few examples.
Illustrating the scope of Visa’s capabilities, initial elements of Visa’s brand evolution include:
‘Meet Visa’ films spotlight the power of the network. Developed by Visa’s global creative agency of record, award-winning Wieden+Kennedy, Visa is unveiling a short film directed by Malik Hassan Sayeed that invites the world to ‘Meet Visa,’ a network working for everyone. Complementing this introductory film is a series of shorter digital films and photography that showcase the breadth of the Visa network working to provide access and advancing commerce for real people in real places around the world. Brought to life by some of the best and most diverse creative talent including Sayeed, Visa also worked with photographer Camilla Falquez and Argentinian directing team Pantera & Co. – Brian Kazez, Pato Martinez and Francisco Canton – to vividly capture moments such as:
- Finding flexibility in how to get paid
- Connecting local merchants to global sellers
- Working on a future where crypto can buy cool things
- Helping turn side jobs into global sensations
New Visa brand identity symbolizes change. Visa has long stood for trust, security, acceptance and inclusion. These core values, in addition to the goal of enabling access for everyone to participate in the global economy, will be expressed through a modernized, dynamic visual brand identity, built in partnership with leading global brand design firm Mucho. The ‘Meet Visa’ campaign shares an initial glimpse into the evolved visual brand identity launching later this year, featuring refreshed colors for digital impact, a custom font created for optimal digital experiences and an updated brand symbol designed to express the purpose behind the organization.
our busines demands that the role of our company extends far beyond transactions.
Over the course of 2021, Visa’s new brand identity will become visible in all 200+ countries and territories Visa operates in, cutting across the company’s primary business strategy encompassing:
- Consumer payments, focusing on expanding access and moving the $17 trillion spent in cash and checks globally to digital payments.
- New payment flows including cross-border person-to-person payments and a range of value-added services that help businesses of all sizes navigate today’s landscape; identify new growth opportunities; and maintain our mission of making Visa the most secure, resilient and reliable network.
- A diversity of offerings and solutions through burgeoning partnerships with fintechs and established brands, relationships with governments around the world and innovative technology built for the future.
“We are capturing the bold ambition of Visa with this brand evolution as a way to express what we stand for and what we strive for,” continued Biggar. “With the world reopening and with money increasingly moving in new ways, there’s no better time to showcase the work we do and the impact a purpose-driven brand with Visa’s scale can have to enable individuals, businesses and economies to thrive.”
For more information on “Meet Visa,” visit https://usa.visa.com/our-purpose/leading-by-example.html.
About Visa Inc.
Visa is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device. As the world moves from analogue to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information visit usa.visa.com/about-visa, visa.com.ge, facebook.com/VisaGeorgiaGE
 Visa Financial Analysis 2020
News Release of the Visa
Crypto-linked cards see continued growth
Connecting digital currency to Visa's global network helps move money for the crypto community
Today the value of crypto assets held in regulated digital wallets is in the hundreds of billions. For the tens of millions of people using those platforms, one of the simplest ways to spend crypto is through a Visa card.
We’re partnering with 50 of the leading crypto platforms on card programs that make it easy to convert and spend digital currency at 70 million merchants worldwide. With more than $1 billion spent on crypto-linked Visa cards in the first half of 2021, it’s clear that the crypto community sees value in linking digital currencies to Visa’s global network.
What’s more, these programs don’t require coffee shops, dry cleaners, or grocery stores to directly accept cryptocurrencies at the checkout. It’s the magic of “tap and go” without the complexity of new acceptance points or cryptographic keys.
We’ve been busy at Visa, connecting the crypto economy to our ‘network-of-networks,’ a strategy designed to add value to all forms of money movement, whether on the Visa network, or beyond.
Here’s a look at the trends we’re seeing and the progress we’ve made against our digital currency roadmap.
- An expanding and evolving ecosystem: We’ve been growing our relationships with today’s leading digital currency platforms— FTX, Coinbase, Crypto.com, and CoinZoom, to name a few. The expertise and treasury infrastructure we’ve built have helped establish Visa as the network of choice for crypto native companies. In fact, today one-quarter of the companies in Visa’s Fintech Fast Track program are working to issue Visa cards linked to a crypto platform.
These platforms are diversifying to meet an array of consumer needs, with new tools and features spanning interest accounts, lending and direct deposits. In this context, it’s more important than ever for financial institutions of all stripes to establish a crypto strategy.
- Rewards Reimagined: Consumers want choice in all things, and loyalty and rewards are no different. Programs like the BlockFi Rewards Visa Credit Card let users spend fiat and earn crypto rewards in a similar way other cards offer rewards programs for airline miles or hotel points.By combining engagement in the crypto economy with the utility of a standard Visa card, these programs have potential to win long-term customer loyalty among both crypto enthusiasts and new adopters.
- Stablecoins come to the fore: With more than $100 billion worth of stablecoins in circulation and hundreds of billions exchanged each month on public blockchains, stablecoins are starting to live up to the promise of “digital fiat”: the developer-friendly characteristics of cryptocurrency combined with the reliability of fiat-backed reserves.
We’re seeing digital wallets and crypto platforms build payment products entirely with digital currency. For example, the fast-growing FTX platform, a new Fintech Fast Track member we’re announcing today, is paying fifty per-cent of their remote employees in USDC. We’re making our network more accessible to this growing ecosystem with capabilities like USDC settlement and through our partnership with Circle. As we look to the future, stablecoins are on track to become an important part of the broader digital transformation of financial services, and Visa is excited to help shape and support that development.
Interested in learning more? Check out Visa’s outlook on digital currency
 Cumulative payment volume for Visa card programs linked to a digital currency platform, January 2021-June 20211
 Visa Fintech Fast Track Participants for North America with plans to issue Visa card programs.
 Please see the BlockFi Rewards Program and Crypto Rewards Account Terms for more information.
Georgian Prime Minister’s meeting with Lithuanian President Gitanas Nausėda
Today, Georgian Prime Minister Irakli Garibashvili held a meeting with Lithuanian President Gitanas Nausėda.
The meeting at the Administration of the Georgian Government focused on the relations between the two countries based on shared values and principles, emphasizing the tremendous dynamism of bilateral interaction. Lithuania is one of Georgia's most active supporters, the parties pointed out.
The conversation revolved around successful and productive cooperation with Lithuania's delegations under various international organizations. The Head of Government thanked the Lithuanian President for ongoing support and the initiation of resolutions concerning Georgia.
The meeting also focused on the importance of deepening the economic cooperation between Georgia and Lithuania, especially in the post-pandemic period, to boost economic growth and people-to-people contacts. In discussing the challenges posed by COVID-19, the parties underlined the importance of access to vaccines. The Prime Minister thanked the President of Lithuania for the decision to donate 15,000 vaccine doses to Georgia.
Lithuania's unequivocal support for Georgia's path toward European and Euro-Atlantic integration was emphasized, and key directions of further joint activities and coordination were outlined. Georgia is preparing to apply for full EU membership in 2024, the Head of Government said and stressed the importance of political and economic reforms to that end. The parties discussed the upcoming NATO Summit, with the issue of Georgia included on its agenda, and expressed hope that the summit's declaration will reflect Georgia's significant progress on the path to Euro-Atlantic integration.
The meeting also paid special attention to the situation in Georgia's occupied territories and problems plaguing the populations along the occupation lines. The President of Lithuania familiarized himself with said concerns during his visit to the village of Khurvaleti. Gitanas Nausėda reassured Irakli Garibashvili of his firm support for Georgia's territorial integrity and sovereignty.
The meeting was attended by Ambassador Extraordinary and Plenipotentiary of the Republic of Lithuania to Georgia Andrius Kalindra, Chief Adviser to the Cabinet of the President Ieva Ulčickaitė, President's Foreign Adviser Skirmantė Straigienė, and President's Chief Adviser for Communications Raminta Stanaitytė-Česnulienė, while the Georgian side was represented by Foreign Minister David Zalkaliani and Georgia's by Ambassador Extraordinary and Plenipotentiary to the Republic of Lithuania Levan Ghvachliani.
Press Service of the Government Administration