#USA #New York #Instant Payments #Montran #Payment Services

Montran Wins Central Banking Award

In a significant achievement, Montran has been awarded the prestigious Central Banking Award for Payment Services Development. This honor accentuates the company's strong commitment to enhancing financial infrastructure interoperability through its innovative Instant Payments System (IPS).

Montran's IPS, implemented across various regions globally, equips central banks, clearing houses, commercial banks, non-bank financial institutions, mobile network operators, merchants, agents, and end-users with an advanced interoperable payment solution. The company has successfully rolled out ten live Instant Payment Systems worldwide, spanning countries from Angola to Panama, thereby bolstering financial ecosystems with solutions designed to improve transaction speed, security, and accessibility.

A recent highlight in Montran’s journey was the launch of the TIPS Connectivity Module in Bulgaria. This development illustrates Montran's persistent effort to facilitate cross-border instant payments, ensuring operational efficiency, and compliance with European standards.

Driving Instant Payments

The IPS platform has been explicitly designed with features focusing on scalability, flexibility, and security, making it a preferred option for central banks and national clearing systems. Key features of this system include:

• - Advanced fraud management to safeguard transactions.
• - Seamless QR-code-based payments for instant digital transactions.
• - A processing capacity of over 5,000 transactions per second.
• - Direct integration with international systems, including the ECB TIPS and PAPSS.

Since the introduction of its first IPS production system in 2018, Montran has continually upgraded its platform with modules like Proxy Alias, advanced liquidity management, and customizable fraud detection tools, thereby maintaining a future-ready payment infrastructure.

Cristi Jurca, the IPS Product Owner at Montran, stated, “As instant payments become the global standard, we remain committed to helping central banks and financial institutions accelerate digital transformation with a scalable, reliable financial infrastructure.”

Global Expansion and Future Innovations

Montran's instant payment ecosystem is witnessing rapid growth. Currently, three additional systems are in development, and there are major initiatives underway in Guatemala and Asia. The company is also focusing on integrating IPS with emerging financial technologies, including Central Bank Digital Currencies (CBDCs) and enhanced fraud risk management solutions.

Ciprian Tesa, the Chief Technology Officer at Montran, remarked, “The development of digital payments is accelerating, and Montran is at the forefront of delivering robust real-time financial solutions that drive economic growth and financial inclusion.”

Montran's dedication lies in unifying the financial world by equipping central banks, financial institutions, and payment service providers with next-generation digital payment technology.

About Montran

Montran is a leading provider of payment and capital market infrastructure solutions, serving top financial institutions worldwide through critical installations and operations in over 90 countries. For more information, visit www.montran.com.