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

Introduction

On June 3, 2026, the National Bank of Georgia (NBG) successfully introduced its upgraded Automated Transfer System (ATS) in collaboration with Montran. This modernized Real-Time Gross Settlement (RTGS) platform has been designed to meet the evolving needs of the Georgian financial ecosystem. It supports ISO 20022 messaging standards, facilitating 24/7 real-time payment processing, which marks a significant achievement in a partnership stretching over two decades.

A Landmark Upgrade

The revamped platform enhances several critical functions, including processing performance, liquidity management, operational resilience, scalability, and overall efficiency, all while adhering to international standards. This continuous operation solution incorporates a modernized architecture that facilitates improved real-time processing and enhanced batch clearing capabilities. Additionally, it enables better interoperability, thus supporting the development of Georgia's emerging financial ecosystem.

As part of a broader modernization agenda, Montran is also implementing an Instant Payment System (IPS) for real-time transactions and an IPS Proxy solution that simplifies payment addressing, improving user experience for the National Bank of Georgia.

Statements from Leadership

Ekaterine Galdava, Deputy Governor of the National Bank, remarked, "Modernizing our payment infrastructure is a vital step towards meeting the evolving needs of Georgia's financial ecosystem. This upgrade bolsters the resilience and scalability of our national payment infrastructure for the future."

Keith Esca, Montran's Executive Director, added, "This project exemplifies the long-term strategic partnership we maintain with the National Bank of Georgia for over two decades. Together, we are building a modern, resilient, and future-ready financial infrastructure that aligns with international standards and changing market needs."

Long-Term Collaboration

The successful launch of the new system further strengthens the enduring partnership between Montran and NBG. It reaffirms both organizations' commitment to promoting payment modernization and financial innovation in Georgia. Montran is also continuing to roll out the Instant Payment System, with a launch anticipated by the end of 2026.

About Montran

Montran is a leading provider of payment and capital market infrastructure solutions, servicing major financial institutions worldwide, with operations in over 90 countries. For more information, visit www.montran.com.

About the National Bank of Georgia

The National Bank of Georgia serves as the central banking and monetary authority of the country. Its responsibilities include maintaining price and financial stability, supporting efficient financial market infrastructure, and facilitating sustainable development in the Georgian financial system.