Georgia’s private sector is set to transition to a new payment acceptance model following proposed legislative changes that will introduce universal payment devices nationwide. These devices will replace the currently used fiscal cash registers and bank POS terminals, consolidating payment processing and transaction reporting into a single system.
According to the draft law, the new system will take effect on January 1, 2027. From that date, only the new universal cash registers will be eligible for registration with the tax authorities, while businesses will be allowed to continue using existing cash registers and POS terminals during a transition period until May 1, 2028.
The selected supplier will be responsible for providing businesses with universal cash registers and e-commerce terminals, as well as technical support and maintenance. A special commission comprising representatives of the Revenue Service and the National Bank of Georgia will oversee the supplier selection process. The government will also determine service fees and payment conditions before the system is launched.
The reform is intended to simplify tax administration, improve the recording of cashless transactions, and reduce costs for businesses. The legislative package also proposes capping interchange fees on card transactions at 0.3%, while prohibiting practices designed to bypass the limit through alternative or reclassified charges.
