Acting Governor of the National Bank of Georgia Natia Turnava and Executive Director of Elevandi Pat Patel signed a Memorandum of Understanding (MoU) within the framework of the 57th annual meeting of the Asian Development Bank (ADB).

Elevandi is a non-profit organization established by the Monetary Authority of Singapore, which promotes international cooperation in innovative technologies and their use through engaging with government, business, academia, and civil society leaders.

The MoU aims to deepen cooperation between the National Bank of Georgia and Elevandi in the fintech field.



It expresses the parties' readiness for future cooperation to establish a basis for supporting development, facilitating the effective sharing of knowledge and experience in the fintech industry.

Recognizing Georgia's potential in the Middle Corridor, the parties are discussing the possibility of mutual cooperation to support Georgia as a regional fintech hub. Elevandi agrees to support initiatives aimed at promoting the Georgian fintech ecosystem for this purpose.

The partner of Fintech section is