Items filtered by date: Thursday, 16 January 2020 - NEWSDAY GEORGIA

Consumers embracing benefits of tapping to pay with Georgia leading contactless penetration in domestic transactions globally followed by Australia, Czech Republic, Hungary and Cyprus

Tbilisi, Georgia, January 16, 2020— Visa today announced that Georgia is now leading the way globally to improve checkout through fast, easy and secure contactless payments. Georgia’s contactless penetration is now over 95% in domestic transactions[1].  

For many years, Georgia has been front and centre in terms of the adoption and use of payment innovations. Visa has been actively working to improve the checkout experience for consumers by introducing the speed, convenience and security of contactless payments. Consumers in Georgia have quickly embraced the benefits of tapping to pay with contactless cards and digital wallets with more than nine out of every 10 face-to-face domestic payment transactions occurring with a tap in the market.

“At Visa, we are proud of, and excited about yet another historic accomplishment achieved by Georgia. Georgia has always been a pioneer in adopting new payment solutions, right from being the first country in the CISSEE region[2]  to conduct a contactless transaction in a drugstore back in 2009 and now, with the recent launch of Apple Pay.  

Georgia reaching number one globally by contactless penetration is a success that’s shared with all our partner financial institutions and market stakeholders and I want to thank them all for their trust in Visa and passion towards bringing innovative solutions to Georgian consumers. We are committed to driving innovative payment solutions even further and offer our partners and Visa cardholders the most advanced and secure payment tools and experiences to maintain Georgia’s leadership in cashless payments and further support the country’s digital transformation goals.” – said Cristina Doros, Visa Country Manager for the Caucasus region.

Key milestones of Georgia’s contactless payment journey over the last 10 years[3]:

  • 2009- Together with Liberty Bank Visa completed the first Visa Contactless transaction in the CISSEE region;
    • 2013 - Jointly with Bank of Georgia, Visa launched contactless acceptance at McDonald’s restaurants across the country;
    • 2013 - TBC Bank initiated a large-scale deployment of contactless POS terminals and issued a series of iconic Visa contactless card designs and stickers. Later, TBC Bank cemented these achievements by enabling the 1st Visa Contactless mobile point-of-sale (mPOS) solution ;
  • 2015 - VTB Bank Georgia launched host card emulation (HCE) technology enabling mobile payment services – to enable payments just by tapping a mobile phone to any contactless POS terminal;
  • 2016 - Together with Bank of Georgia Visa launched Visa Token Services, to accelerate disruptive innovation in eCommerce and mobile payments;
  • 2019 – Georgia became the first country in the Caucasus where Apple Pay was launched.

 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 www.corporate.visa.com, www.visasoutheasteurope.com, https://www.facebook.com/VisaGeorgiaGE, www.visanewscissee.com



[1] Source: Visa data, as of November 2019

[2]CISSEE - Commonwealth of Independent States and South Eastern Europe

[3] Visa data, 2009-2019

Published in Economics

Kotebe Metropolitan University implements the peace education to train peace-building citizens in Ethiopia

In December, the professors and students at Kotebe Metropolitan University participated at the ‘Heavenly Culture, World Peace, Restoration of Light (HWPL) Peace Education’ sessions which are also joined by 214 schools in 36 countries. The sessions provided platforms for students and professors to express the significance of peace education and discuss the process of implementing peace education with the visions laid out by HWPL.

Ethiopia is the melting pot country, enriched with the diverse cultures, peoples, and religions. However, such diversity sparked many conflicts in the past, some of which are still ongoing. These conflicts have stripped the country and people apart emotionally, and the Ethiopian government is actively working to peacefully resolve them for the better future of the country.

To bring the peaceful reconciliation in the country, the Ministry of Education in Ethiopia and 9 other states had previously signed MOA with HWPL to implement the HWPL Peace Education. The curriculum is designed to empower citizens to properly recognize the value of peace and take the pioneering role of spreading the culture of peace. Implementing Peace Education is also the practical step toward implementing visions laid out by the Article 10-Spreading a culture of peace, out of 10 Articles and 38 Clauses of the ‘Declaration of Peace and Cessation of War (DPCW)’. Citizens are carrying out the popular peace movement to present DPCW to the United Nations to make it into the international law of peace in the form of a legally binding document. This global movement aims to fundamentally cut off vicious cycles of war and support citizens to promote the value of peace as the universal culture for humanity.

A student who participated at the peace education said, “I learned why peace education is important for resolving conflicts in Ethiopia. It taught me to act as a messenger of peace. It is also important to present 10 Articles and 38 Clauses of the DPCW to the UN to fundamentally eradicate war and conflicts. To this end, we must continue to participate in peace education,” emphasizing the need of peace education in order to peacefully resolve the conflicts in Ethiopia.

After signing MOA with HWPL, the Ministry of Higher Education in Ethiopia is currently reviewing the ‘HWPL Peace Education’ to incorporate and implement it as formal curriculums in all the universities. Addis Ababa School of Science and Technology (AASTU) also held the peace education sessions right after the Kotebe Metropolitan University.

After an initiative to pursue HWPL Peace Education was publicly announced in September 2017, HWPL began signing MOA with every Ministry of Education in need of peace education.

So far, HWPL has signed MOA with the corresponding ministries of 10 countries, as well as MOU with 214 schools in 36 countries, most of which are officially implementing peace education curriculums.

Published in Education

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