Bank of Georgia Group PLC BOG launches Apple Pay service for its customers (0244L)
03 Settembre 2019 - 9:00AM
UK Regulatory
TIDMBGEO
RNS Number : 0244L
Bank of Georgia Group PLC
03 September 2019
London, 3 September 2019
JSC Bank of Georgia launches the Apple Pay service for its
customers in Georgia
Bank of Georgia Group PLC (the "Group") announces that JSC Bank
of Georgia (the "Bank" or "Bank of Georgia") today brings its
customers Apple Pay, which is transforming mobile payments with an
easy, secure and private way to pay. With Apple Pay on iPhone,
Apple Watch, iPad and Mac, Bank of Georgia's customers can make
fast and convenient purchases in stores, in apps and on
websites.
Security and privacy are at the core of Apple Pay. When you use
a credit or debit card with Apple Pay, the actual card numbers are
not stored on the device, nor on Apple servers. Instead, a unique
Device Account Number is assigned, encrypted and securely stored in
the Secure Element on your device. Each transaction is authorised
with a one-time unique dynamic security code.
"I am very pleased that from today our customers will be able to
make secure purchases in stores, in apps, and on the web with Apple
Pay. The main reasons we are offering our customers this innovative
way to pay are: Simplicity, privacy and security with every
payment. Apple Pay is even simpler than using a physical card.
Digital commerce is changing market power, and our aim is to build
long-term loyalty and to provide convenience for our customers. We
are delivering tangible benefits to our consumers with Apple Pay,
introducing new products, and enabling new experiences with
existing products", said Archil Gachechiladze, CEO of Bank of
Georgia.
"We are excited to welcome Apple Pay in the Caucasus region.
Contactless is shaping digital payments landscape and the way
consumers pay every day - seamlessly, safe and easy. With Apple Pay
launch, Georgia will strengthen its position as a regional leader
in contactless adoption and payment innovations," said Cristina
Doros, Visa's country manager for the Caucasus region.
"We are pleased to welcome the launch of Apple Pay in Georgia.
Paying with a smartphone is popular nowadays, and we believe that
this trend will be very dynamic in Georgia. This will be possible
because of the broad infrastructure in contactless payment which we
develop there with our partners. We are confident Apple Pay would
be a huge development push of contactless payments in Georgia",
said Igor Stepanov, Mastercard, country manager for Georgia and
Central Asia.
Apple Pay is easy to set up and users will continue to receive
all of the rewards and benefits offered by Bank of Georgia's credit
and debit cards.
With iPhone and Apple Watch, customers can pay with Apple Pay in
stores, restaurants, taxis, vending machines and many more places.
When shopping in apps or on the web in Safari with Apple Pay,
there's no need to manually fill out lengthy account forms or
repeatedly type in shipping and billing information. Every Apple
Pay purchase is authenticated with just a glance or a touch with
Face ID or Touch ID, or a device's passcode.
For more information on Apple Pay, visit:
http://www.apple.com/apple-pay/
Name of authorised official of issuer responsible for making
notification: Natia Kalandarishvili, Head of Investor Relations and
Funding
About Bank of Georgia Group PLC
Bank of Georgia Group PLC ("Bank of Georgia Group" or the
"Group" - LSE: BGEO LN) is a UK incorporated holding company, which
comprises: a) retail banking and payment services, b) corporate and
investment banking and wealth management operations and c) banking
operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of
Georgia", "BOG" or the "Bank"), the leading universal bank in
Georgia, is the core entity of the Group. The Group targets to
benefit from superior growth of the Georgian economy through both
its retail banking and corporate and investment banking services
and aims to deliver on its strategy, which is based on at least 20%
ROAE and c.15% growth of its loan book.
JSC Bank of Georgia has, as of
the date hereof, the following
credit ratings:
Fitch Ratings 'BB-/B'
Moody's 'Ba3/NP' (FC)
& 'Ba2/NP' (LC)
For further information, please visit www.bankofgeorgiagroup.com
or contact:
Archil Gachechiladze Michael Oliver Sulkhan Gvalia Natia Kalandarishvili
Group CEO Adviser to the Group CFO Head of Investor
CEO Relations
+995 322 444 444
+995 322 444 144 +44 203 178 4034 +995 322 444 108 (9282)
agachechiladze@bog.ge moliver@bgeo.com sgvalia@bog.ge ir@bog.ge
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solicitation of an offer to buy any securities
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END
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