#USA #New York #Financial Technology #Instant Payments #Montran

Montran Shines at the Central Banking Awards

On April 10, 2025, Montran was awarded the coveted 'Payment Services Development' accolade at the Central Banking Awards held in New York. This esteemed recognition underscores Montran's dedication to enhancing financial interoperability through its cutting-edge Instant Payments System (IPS).

A Commitment to Global Interoperability

Montran's expansion of the IPS across various regions has significantly enabled central banks, clearinghouses, commercial banks, non-bank financial institutions (NBFIs), mobile network operators (MNOs), merchants, agents, and end users to access an advanced interoperable solution for instant payments. With a total of ten live IPS deployments worldwide—from Angola to Panama—Montran continues to strengthen financial ecosystems with innovative offerings that improve the speed, security, and accessibility of transactions.

Recently, the rollout of BORICA's TIPS Connectivity Module in Bulgaria further demonstrates Montran's mission to promote cross-border instant payments, ensure operational efficiency, and adhere to European standards.

Enhancing Instant Payments

The IPS platform by Montran is meticulously designed for scalability, flexibility, and security, making it a preferred choice for central banks and national clearing systems. Key features of the system include:

• - Real-time processing capability, 24/7: Ensures constant availability for transactions.
• - Advanced fraud management: Protects users through sophisticated verification processes.
• - Seamless payments via QR codes: Facilitates immediate digital transactions.
• - Processing capacity exceeding 5,000 transactions per second: Shows immense scalability.
• - Direct integration with international systems like ECB TIPS and PAPSS, enhancing global cooperation.

Since launching its first IPS production system in 2018, Montran has consistently enhanced its platform with features such as proxy alias modules, improved liquidity management, and customizable fraud detection tools. This evolution aims to secure a future-ready payment infrastructure.

“Given that instant payments are becoming the global standard, we remain dedicated to aiding central banks and financial entities in expediting their digital transformation with scalable and reliable financial infrastructure,” stated Cristi Jurca, IPS Product Owner at Montran.

Future Innovations on the Horizon

Montran's instant payment ecosystem is rapidly expanding, with three additional systems currently operational and significant initiatives underway in Guatemala and Asia. The company is also focusing on integrating the IPS with emerging financial technologies like Central Bank Digital Currencies (CBDCs) and enhanced solutions for managing fraud risks.

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

Montran is unwavering in its commitment to financially unify the world by equipping central banks, financial institutions, and payment service providers with next-generation digital payment technologies.

About Montran

Montran stands as the leading provider of payment and capital market infrastructure solutions, offering critical services to major financial institutions across more than 90 countries. For further information, you can visit Montran's official website.