National Bank of Georgia Launches Upgraded RTGS Payment System with Montran
The National Bank of Georgia (NBG) has officially launched an upgraded automated transfer system (ATS) in partnership with Montran. This revamped Real-Time Gross Settlement (RTGS) platform is designed to support ISO 20022 messaging standards, enabling real-time payments and continuous processing while enhancing the reliability of the national payment infrastructure. This milestone represents a significant advancement in the over two-decade-long collaboration between the two entities.
The improved platform boasts enhanced processing capabilities, liquidity management, operational resilience, scalability, and efficiency while adhering to international standards, particularly ISO 20022. This round-the-clock solution ensures modern architecture, improvements in real-time processing, bulk transaction handling, and enhanced interoperability features, all aimed at supporting Georgia's evolving financial ecosystem.
As part of this comprehensive modernization initiative, Montran is also launching an Instant Payments System (IPS) for real-time transactions. This includes an IPS proxy solution to streamline payment addressing and improve usability for the National Bank of Georgia.
"Modernizing our payment infrastructure is essential to meet the changing requirements of the Georgian financial ecosystem," stated Ekaterine Galdava, Vice Governor of the National Bank of Georgia. "This upgrade reinforces the resilience, scalability, and future readiness of Georgia's national payment infrastructure."
Keith Esca, Executive Director of Montran, emphasized that the project underscores their long-standing strategic partnership with the National Bank of Georgia. "Together, we are contributing to the establishment of a modern, resilient, and future-proof financial infrastructure that meets international standards and the evolving market demands."
The successful launch of the RTGS system solidifies the ongoing collaboration between Montran and NBG, highlighting both organizations' commitment to modernizing payment services and fostering financial innovations in Georgia. Montran is also moving forward with the deployment of the Instant Payments System, expected to be operational by the end of 2026.
Montran is a leading provider of payment and capital market infrastructure solutions, serving top financial institutions across more than 90 countries worldwide. For more information, visit www.montran.com.
The National Bank of Georgia serves as the country's central bank and monetary authority, tasked with maintaining price and financial stability while promoting an efficient financial market infrastructure to support the sustainable development of Georgia's financial system.
The improved platform boasts enhanced processing capabilities, liquidity management, operational resilience, scalability, and efficiency while adhering to international standards, particularly ISO 20022. This round-the-clock solution ensures modern architecture, improvements in real-time processing, bulk transaction handling, and enhanced interoperability features, all aimed at supporting Georgia's evolving financial ecosystem.
As part of this comprehensive modernization initiative, Montran is also launching an Instant Payments System (IPS) for real-time transactions. This includes an IPS proxy solution to streamline payment addressing and improve usability for the National Bank of Georgia.
"Modernizing our payment infrastructure is essential to meet the changing requirements of the Georgian financial ecosystem," stated Ekaterine Galdava, Vice Governor of the National Bank of Georgia. "This upgrade reinforces the resilience, scalability, and future readiness of Georgia's national payment infrastructure."
Keith Esca, Executive Director of Montran, emphasized that the project underscores their long-standing strategic partnership with the National Bank of Georgia. "Together, we are contributing to the establishment of a modern, resilient, and future-proof financial infrastructure that meets international standards and the evolving market demands."
The successful launch of the RTGS system solidifies the ongoing collaboration between Montran and NBG, highlighting both organizations' commitment to modernizing payment services and fostering financial innovations in Georgia. Montran is also moving forward with the deployment of the Instant Payments System, expected to be operational by the end of 2026.
About Montran
Montran is a leading provider of payment and capital market infrastructure solutions, serving top financial institutions across more than 90 countries worldwide. For more information, visit www.montran.com.
About the National Bank of Georgia
The National Bank of Georgia serves as the country's central bank and monetary authority, tasked with maintaining price and financial stability while promoting an efficient financial market infrastructure to support the sustainable development of Georgia's financial system.
Topics Financial Services & Investing）
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