Tbilisi (GBC) - According to Creditinfo, the registration rate of remittances increased in September-November. Beneficiaries registered 1.8 million remittances.

The total volume is 780 million USD. More than 13 million have been spent. At the moment, total liabilities are 5.807 billion USD.

Information on remittances has been added to the Credit Information Bureau database since 01.03.2023.

Registration is at the request of the beneficiary and 95% of remittance recipients choose to cooperate with Creditinfo.

In total, the number of unique individuals is within 300,000. The expansion of the database is aimed at increasing access to loans for recipients of remittances.

Information on remittances has been added to the Credit Information Bureau database since 01.03.2023.

The NBG amended the regulation in the fall of 2022 and will provide information to the recipient of the transfer, the bank, MFO, Loan Entity or PSP customer, if desired, to the bureau. Payment service providers (PSPs) have joined CreditInfo since March this year.