#Georgia #Montran #Tbilisi #RTGS system #Georgia Bank

The Launch of an Enhanced RTGS Payment System in Georgia

On June 3, 2026, the National Bank of Georgia (NBG), in collaboration with Montran, unveiled an upgraded Automated Transfer System (ATS). This state-of-the-art platform for Real-Time Gross Settlement (RTGS) is designed not only to enhance the payment processing infrastructure but also to support the growing needs of Georgia's financial ecosystem.

A Milestone for Financial Innovation

The introduction of this modernized RTGS system marks a significant advancement in Georgia's payment infrastructure. Over the course of more than 25 years, the partnership between NBG and Montran has been pivotal in driving fintech innovations within the country. With the successful launch of the updated ATS, Georgia is set to adopt ISO 20022 messaging standards, which are essential for real-time payments and continuous processing capabilities.

Key Enhancements

This upgraded platform aims to bolster several critical functionalities:

• - Increased Processing Capacity: The new system improves the efficiency of processing transactions, thus allowing for a higher volume of operations.
• - Enhanced Liquidity Management: Financial institutions can better manage liquidity, a crucial feature for effective banking operations.
• - Operational Resilience: By complying with international standards, the platform enhances the robustness of the national payment infrastructure, safeguarding it against disruptions.
• - Scalability: As more users join the financial ecosystem, the system can adapt seamlessly to the increasing demands without compromising performance.

The updated architecture includes advanced features for real-time processing, mass clearing capabilities, and improved interoperability that are tailored to the unique needs of the Georgia financial system.

Instant Payment System (IPS) Integration

As part of a broader modernization initiative, Montran is also implementing an Instant Payment System (IPS), aimed at facilitating real-time transactions. This will include an IPS Proxy solution that simplifies payment addressing, thereby improving user experience. This feature will be particularly beneficial in streamlining transactions and enhancing the overall efficiency of the banking process.

Voices from the Leadership

Ekaterine Galdava, Vice President of the National Bank of Georgia, remarked, "Modernizing our payment infrastructure is a key step in addressing the growing demands of Georgia's financial ecosystem. This upgrade significantly enhances the resilience, scalability, and preparedness of our national payment system for the future."

Keith Esca, CEO of Montran, highlighted the project's significance, stating, "This project stands testament to the long-term strategic partnership we have nurtured with the National Bank over more than two decades. Together, we are constructing a modern, resilient, and future-ready financial infrastructure that meets international standards and evolving market needs."

Looking Ahead

The successful launch of the enhanced RTGS system not only reinforces the longstanding collaboration between Montran and NBG but also showcases both organizations' commitment to propelling payment modernization and financial innovation in Georgia. In addition, Montran is on track to deploy the IPS, projected to be operational by the end of 2026, which further signifies thoughtful advancements in Georgia's financial landscape.

About Montran

Montran is a leading provider of retail payment infrastructure solutions and capital market services, supporting major financial institutions worldwide with operations in over 90 countries. For more information, visit Montran's website

About the National Bank of Georgia

The National Bank of Georgia serves as the central bank, tasked with maintaining price and financial stability while promoting an efficient financial market infrastructure, crucial for Georgia's sustainable economic growth.