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National Bank of Georgia Enhances Payment System with Montran
The National Bank of Georgia (NBG) and Montran have launched an upgraded Automated Transfer System (ATS). This modern Real-Time Gross Settlement (RTGS) platform supports ISO 20022 messaging, 24/7 real-time payments, and enhanced infrastructure resilience. This marks a pivotal milestone in their partnership, ongoing for over 25 years.
The platform improves processing performance, liquidity management, and scalability while adhering to international standards. With features like modern architecture and bulk clearing, it aligns with Georgia's evolving financial ecosystem. Montran's upcoming Instant Payments System (IPS) will further enhance user experience and transaction efficiency.
Vice-Governor Ekaterine Galdava of the National Bank emphasized the importance of this modernization to meet financial needs. Montran Executive Director, Keith Esca, highlighted the strategic partnership’s role in advancing Georgia's financial framework. The IPS is expected to be operational by the end of 2026.
R. P.
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