National Bank of Georgia Launches Enhanced RTGS Payment System with Montran Collaboration

Introduction

On June 3, 2026, the National Bank of Georgia (NBG) successfully launched a modernized Automated Transfer System (ATS) in collaboration with Montran. This upgraded system serves as a backbone for enhanced Real-Time Gross Settlement (RTGS) operations, marking a significant milestone in the evolution of Georgia's financial infrastructure. With a robust foundation built over more than 25 years of cooperation, this initiative aims to bolster the national payment system’s resilience and efficiency.

Key Features of the New RTGS System

The upgraded platform aligns with the international ISO 20022 standard, bringing various improvements to liquidity management, operational resilience, scalability, and overall efficiency. These enhancements not only streamline payment processing but also promote uninterrupted operations—essential for a dynamic financial ecosystem. Furthermore, the RTGS system supports real-time payment functionality, bulk settlement options, and superior interoperability capabilities, crucial for Georgia’s evolving financial landscape.

Benefits of Modernization

According to Ekaterine Galdava, the Vice Governor of NBG, the modernization is a crucial step in addressing the financial ecosystem's growing demands. “This upgrade ensures that Georgia's national payment infrastructure is ready to meet future challenges, enhancing its resilience and scalability,” she stated. The project's outcomes are projected to significantly transform how financial transactions are conducted, making payment processes quicker and more reliable.

Strategic Partnership with Montran

Montran, a premier provider of payment and capital market infrastructure solutions, has been a longtime ally, emphasizing a commitment to building a financially resilient future aligned with global standards. Keith Esca, CEO of Montran, highlighted that this initiative reflects a strategic partnership extending over two decades, showcasing their joint capacity to innovate and lead in financial technology.

Immediate Payment System Launch

In addition to the RTGS system, Montran is also implementing an Instant Payment System (IPS) that is anticipated to roll out by the end of 2026. Integrating this system will allow for real-time transactions, further enhancing the user experience by facilitating easier payment addressing through the IPS Proxy. This dual approach creates a comprehensive update to the country’s financial capabilities.

Conclusion

The collaboration between the National Bank of Georgia and Montran signifies a momentous step toward financial modernization, setting a robust stage for continued innovation within the country’s economic framework. As the landscape of financial services continues to evolve, such initiatives are vital in fostering an ecosystem that adapts to the changing needs of businesses and consumers alike. The expectation is that these advancements will contribute to a stronger, more interconnected financial system that benefits all stakeholders.

For more information about Montran and their services, visit Montran’s official website.