#Georgia #Montran #Tbilisi #RTGS #National Bank of Georgia

Georgia's Innovative Step in Payment Systems

On June 3, 2026, the National Bank of Georgia (NBG), in collaboration with Montran, officially launched an upgraded Automated Transfer System (ATS) designed to significantly enhance the country’s financial infrastructure. This forward-thinking initiative introduces a robust Real-Time Gross Settlement (RTGS) platform that not only aligns with the ISO 20022 communication standard but also promises real-time processing capabilities, operational resilience, and a 24/7 service availability.

Enhancing Financial Ecosystem

NBG's modernization endeavor marks a pivotal moment in Georgia's financial landscape. The newly upgraded platform aims to improve processing efficiency, liquidity management, and operational robustness while ensuring compatibility with international norms like ISO 20022. This shift represents not just an enhancement in technology but also a commitment to creating a resilient and scalable payment infrastructure that supports the evolving demands of Georgia's financial ecosystem.

Through enhanced real-time processing capabilities, the system provides a more efficient and seamless user experience, demonstrating the NBG's commitment to modernizing payment infrastructures to meet contemporary market needs. The upgraded architecture includes features for batch settlements and improved interoperability, paving the way for a smart financial future in Georgia.

Future Developments and Vision

As part of a broader modernization strategy, Montran is also set to implement an Instant Payment System (IPS) aimed at facilitating real-time transactions, alongside an IPS Proxy solution which streamlines the identification of payment recipients, thus enhancing user experiences for NBG.

Ekaterine Galdava, Vice President of the National Bank of Georgia, highlighted the importance of this modernization, stating, “Enhancing our payment infrastructure is a crucial step towards addressing the evolving demands of Georgia's financial ecosystem. It strengthens our resilience, scalability, and future readiness for the country's payment infrastructure.”

Keith Esca, Executive Director of Montran, emphasized the long-standing partnership between Montran and NBG, stating, “This project is the result of our strategic collaboration that began over two decades ago. Together, we are helping to build a modern, resilient, and future-ready financial infrastructure tailored to international standards and changing market needs.”

Implications for Georgia's Financial Future

The successful launch of the new system deepens the longstanding collaboration between Montran and NBG while reinforcing both organizations' commitment to accelerating payment system modernization and innovation in Georgia's financial landscape. Additionally, Montran has reported progress on the implementation of the instant payment system, which is slated to go live by the end of 2026.

Montran, known as a leading provider of payment and capital market infrastructure solutions, has facilitated crucial installations across over 90 countries. For more on their various financial solutions and how they can benefit organizations worldwide, visit www.montran.com.

As Georgia steps into a new era of financial services, this significant advancement not only aims to enhance the operational capabilities of the National Bank of Georgia but also strives to contribute to the sustainable development of a forward-looking financial environment in the region.