number of small grocery stores has been declining that is seen with naked eye, their place is taken by the major chains. This trend is not positive given the Georgian
economy’s structure where small and medium-sized businesses do not hold a large market share.
tried to find out the reason for what is happening. Why are small stores leaving
the market amid quite low level of services and an increasing number of disgruntled
consumers in large chain stores?
advantage of large networks, like any large business over small ones, is a large turnover, a diverse
choice. Unlike small stores, large networks receive plastic cards.
retail outlets are obliged to pay certain interest to banks for installing
non-cash payment terminals. Due to a quite large amount, many small stores do
not have enough money for this.
lack of a terminal for cashless payments
puts a small store in unequal conditions which loses the wealthiest part of customers who pay with
of Young Financiers and Businessmen (AYFB) believes that the government can resolve this problem.
installment of terminals is not risky for banks, it is almost 100% safe and they can afford to reduce interest on
services. The government should introduce regulations that provide for certain
benefits for small businesses when installing cashless terminals. The banks will
not do this of their own free will; due to the lack of competition in the
financial sector, banks can make their own rules, ” they say in the Association.