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Montran Triumphs in Payment Services Development

In a remarkable achievement, Montran has been honored with the prestigious Central Banking Award for its significant contributions to the development of payment services. This award highlights the company's commitment to enhancing financial interoperability through its innovative Instant Payment System (IPS).

A Global Impact

Montran's IPS deployment spans various regions, offering central banks, clearing houses, commercial banks, non-bank financial institutions, mobile network operators, merchants, agents, and end-users a state-of-the-art, interoperable instantaneous payment solution. With ten different IPS systems currently operational globally, from Angola to Panama, Montran continues to enhance financial ecosystems with cutting-edge solutions that boost transaction speed, security, and accessibility.

The recent launch of the TIPS connectivity module by BORICA in Bulgaria is a testament to Montran's ongoing commitment to advancing cross-border instant payments while ensuring operational efficiency and compliance with European standards.

Features That Set Montran Apart

Designed for scalability, flexibility, and security, Montran's IPS has become the preferred choice for central banks and national clearing systems. Its capabilities allow for 24/7 real-time processing and include:

• - Advanced Fraud Management: Ensuring transaction security through enhanced fraud prevention measures.
• - QR Code Payments: Streamlining digital transactions via QR code technology for seamless payment experiences.
• - High Transaction Processing Capacity: Capable of processing over 5,000 transactions per second.
• - Direct Integration: Incorporating with international systems, including ECB TIPS and PAPSS to enhance operational connectivity.

Since launching its first IPS production system in 2018, Montran has continually improved its platform with features such as alias proxy management, advanced liquidity management, and customizable fraud detection tools, resulting in a robust payment infrastructure designed for longevity.

According to Cristi Jurca, Head of IPS Products at Montran, "As instant payments become the global norm, we remain committed to assisting central banks and financial institutions in accelerating their digital transformation with a scalable and reliable financial infrastructure."

Future Growth and Technological Integration

Montran's instant payment ecosystem is expanding rapidly, with three additional systems currently in progress and significant initiatives underway in Guatemala and Asia. The company is focused on integrating IPS with emerging financial technologies, including central bank digital currencies (CBDCs) and enhanced fraud risk management solutions.

Ciprian Tesa, Chief Technical Officer at Montran, stated, "The evolution of digital payments is rapidly accelerating, and Montran is leading the way by providing robust, real-time financial solutions that drive economic growth and financial inclusion."

As Montran continues its mission to unify the financial world, it equips central banks, financial institutions, and payment service providers with next-generation digital payment technology.

About Montran

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