Georgia has become first country in the South Caucasus, where Wallet One (W1) international payment system has launched its multi-currency e-wallet via franchising model. The product is available on web interface and mobile applications (both for iOS and Android). It provides country-adapted interface, meets all requirements of the national regulations, and supports all key features of the W1 international payment system.
Via the e-wallet Georgian users can pay more than 350 local service providers, adjust automatic recurring payments, provide p2p money transfers to friends and family. The product supports over 100 methods of topping- up the wallet and money withdrawal. The users can also perform convert operation between Georgian lari and seven other currencies. To register an e-wallet account it is enough to indicate just an e-mail address or mobile phone number.
Kakhaber Sakanelashvili, CEO at Wallet One Georgia:
W1 is the first international e-wallet fully adapted for Georgian users. Given the pace of e-commerce growth in Georgia and the volume of international p2p money transfers, we believe that W1 wallet may become a daily use tool for many of our citizens.
Anna Ivanova, International Development Director at Wallet One:
Georgia is one of the most attractive markets in the region. It has registered a steady increase of non-cash and internet payments, and mobile penetration has reached 120% in 2014. We also see a great potential in international p2p money transfers between the users in Georgia and other countries where Wallet One system is already in operation. Further on we intend to expand out foothold in the region, developing our business in other countries of the Southern Caucasus.