Space to Return to Issue of Expansion in Germany in 2021

The decision of expanding the first digital bank Space in Germany is postponed for the third quarter of 2021.

As Lasha Gurgenidze, the CEO of Space declared with BusinessPartner, the company planned to start commercial operations at the end of 2020, however, pandemic hindered this process.

“As a result of work, we were able to register first real customer using Space platform and prove that our technological conception is right and it can be developed further and used for the European market.

As for starting commercial operations, we think, we will make decisions based on the current situation.", noted Lasha Gurgenidze.

He said, that currently, Space is presented in Uzbekistan, and as for the future plans, geographical expansion raises several challenges for the company. Therefore, Gurgenidze added, that they should continue to adapt to new markets and simultaneously preserve their positions in the countries they already are presented in and develop them.