Montran Wins Central Banking Award for Payment Services Development
NEW YORK, April 10, 2025 /CNW/ -- Montran has been honored with the 'Payment Services Development' award at the Central Banking Awards. This prestigious recognition underscores Montran's commitment to achieving financial infrastructure interoperability through our Instant Payments System (IPS).
The deployment of the Montran IPS in various regions around the world has been instrumental in empowering central banks, clearinghouses, commercial banks, NBFIs, MNOs, merchants, agents and end-users with a cutting-edge interoperable instant payment solution.
With ten live instant payment systems (IPS) deployed across the globe—from Angola to Panama—Montran continues to empower financial ecosystems with innovative solutions that enhance transaction speed, security, and accessibility. The recent go-live of BORICA's TIPS Connectivity Module in Bulgaria further demonstrates Montran's commitment to advancing cross-border instant payments, ensuring operational efficiency and compliance with European standards.
Driving Instant Payments Forward
Montran's IPS platform has been designed for scalability, flexibility, and security, making it the preferred choice for central banks and national clearing systems. Built to support 24/7 real-time processing, the system offers:
Advanced fraud management to safeguard transactions
Seamless QR code-based payments for instant digital transactions
5,000+ transactions per second processing capacity
Direct integration with international systems, including ECB TIPS and PAPSS
Since the launch of its first IPS production system in 2018, Montran has continuously enhanced its platform with proxy alias modules, advanced liquidity management, and configurable fraud detection tools—ensuring a future-proof payment infrastructure.
'As instant payments become the global standard, we remain committed to helping central banks and financial institutions accelerate digital transformation with scalable, reliable financial infrastructure,' said Cristi Jurca, IPS Product Owner at Montran.
Global Expansion & Future Innovations
Montran's instant payments ecosystem is growing rapidly, with three additional systems currently in progress and major initiatives underway in Guatemala and Asia. The company is also focused on integrating IPS with emerging financial technologies, including Central Bank Digital Currencies (CBDCs) and enhanced fraud risk management solutions.
'The evolution of digital payments is accelerating, and Montran is leading the way by providing robust, real-time financial solutions that drive economic growth and financial inclusion,' said Ciprian Tesa, Chief Technology Officer at Montran.
Montran remains committed to its purpose to unify the world financially by equipping central banks, financial institutions, and payment service providers with next-generation digital payment technology.
About Montran
Montran is the leading provider of Payment and Capital Market Infrastructure solutions, servicing the world's foremost financial institutions with mission critical installations and operations in over 90 countries. Discover more at www.montran.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 hours ago
- Yahoo
Prime Minister Carney announces Canada's G7 priorities ahead of the Leaders' Summit
OTTAWA, ON, June 7, 2025 /CNW/ - Fifty years ago, in the face of upheaval and geopolitical tensions, a small group of advanced economies formed what is now the G7 – a forum for co-operation, stability, and shared prosperity. In 2025, as global challenges intensify, the G7 must meet this moment with purpose and with force. Today, the Prime Minister, Mark Carney, announced the priorities that will guide Canada's 2025 G7 Leaders' Summit, to be held in Kananaskis, Alberta, from June 15 to 17, 2025. Anchored in building stronger economies, Canada will seek agreements and co-ordinated action on three core missions: Protecting our communities and the world – strengthening peace and security, countering foreign interference and transnational crime, and improving joint responses to wildfires. Building energy security and accelerating the digital transition – fortifying critical mineral supply chains and using artificial intelligence and quantum to unleash economic growth. Securing the partnerships of the future – catalyzing enormous private investment to build stronger infrastructure, create higher-paying jobs, and open dynamic markets where businesses can compete and succeed. Other discussions will include a just and lasting peace for Ukraine and other areas of conflict around the world, and a forward-looking agenda that engages partners beyond the G7, recognizing that our long-term security and prosperity will depend on building coalitions with reliable partners and common values. Quote "Canada has what the world wants and the values to which others aspire. The G7 Leaders' Summit in Kananaskis is a moment for Canada to work with reliable partners to meet challenges with unity, purpose, and force. Canada is ready to lead."— The Rt. Hon. Mark Carney, Prime Minister of Canada Quick Facts This is the seventh time that Canada has held the Presidency of the G7. This year's Leaders' Summit in Kananaskis, Alberta, will take place on the traditional territory of the Blackfoot Confederacy Nations of the Kainai, Piikani, and Siksika, and the Stoney Nakoda Nations comprised of the Bearspaw, Chiniki, and Goodstoney First Nations, and the Tsuut'ina First Nation. We also acknowledge the Otipemisiwak Métis People and Government who reside on this territory and all people who make their homes in the Treaty 7 region of Southern Alberta. Associated Link Canada's 2025 G7 Presidency This document is also available at SOURCE Prime Minister's Office View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 hours ago
- Yahoo
Air Canada Inaugurates Flights to Prague
MONTREAL,, June 7, 2025 /CNW/ - Air Canada's newest international flight from Toronto took off yesterday evening and has arrived in Prague, Czech Republic. "We are excited to return to Prague, our newest Europe destination now added to our global network," said Mark Galardo, Executive Vice President & Chief Commercial Officer and President, Cargo. "Our flights connect two countries, facilitating travel, tourism and trade. We design routes like this one to appeal to our customers throughout our North American network, with convenient travel options at our Toronto hub. Whether people are visiting family and friends in Prague, exploring its celebrated architecture, bohemian history and rich culture, or customers from Central Europe visiting and exploring Canada from coast to coast, our flights make discovering all that our two countries offer easier than ever." Prague is the latest new Europe route Air Canada has launched this summer. The airline inaugurated its Montreal to Porto route earlier this week, celebrated the launch of its Naples route in May, and marked the return of the Ottawa to London LHR route in April. At the end of June, Air Canada will be inaugurating its Montreal to Edinburgh route. Schedule Flight Departs Arrives Days of Week 2025 Operating dates AC934 Toronto 21:40 Prague 12:10 +1 day Tues, Fri, Sun June 6 to Sep. 28 AC935 Prague 13:40 Toronto 16:50 Mon, Wed, Sat June 7 to Sep. 29 The Prague flights will be operated on Air Canada's Airbus 330-300. Customers can choose from three classes of service: Economy, Premium Economy, and Air Canada Signature Class, offering customers superior comfort and convenience in an exclusive cabin, with spacious lie-flat seating, personalized service, fine cuisine, extra baggage allowance and access to priority airport services. Visit to book flights to Prague! About Air Canada Air Canada is Canada's largest airline, the country's flag carrier and a founding member of Star Alliance, the world's most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada's Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the world's largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental partners. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada's passenger and freighter aircraft. Air Canada's climate-related ambition includes a long-term aspirational goal of net-zero greenhouse gas emissions by 2050. For additional information, please see Air Canada's TCFD disclosure. Air Canada shares are publicly traded on the TSX in Canada and the OTCQX in the US. Internet: Read our annual report Here Sign up for Air Canada news: Media Resources:PhotosVideosB-RollArticles SOURCE Air Canada View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 hours ago
- Yahoo
Air Canada Inaugurates Flights to Prague
MONTREAL,, June 7, 2025 /CNW/ - Air Canada's newest international flight from Toronto took off yesterday evening and has arrived in Prague, Czech Republic. "We are excited to return to Prague, our newest Europe destination now added to our global network," said Mark Galardo, Executive Vice President & Chief Commercial Officer and President, Cargo. "Our flights connect two countries, facilitating travel, tourism and trade. We design routes like this one to appeal to our customers throughout our North American network, with convenient travel options at our Toronto hub. Whether people are visiting family and friends in Prague, exploring its celebrated architecture, bohemian history and rich culture, or customers from Central Europe visiting and exploring Canada from coast to coast, our flights make discovering all that our two countries offer easier than ever." Prague is the latest new Europe route Air Canada has launched this summer. The airline inaugurated its Montreal to Porto route earlier this week, celebrated the launch of its Naples route in May, and marked the return of the Ottawa to London LHR route in April. At the end of June, Air Canada will be inaugurating its Montreal to Edinburgh route. Schedule Flight Departs Arrives Days of Week 2025 Operating dates AC934 Toronto 21:40 Prague 12:10 +1 day Tues, Fri, Sun June 6 to Sep. 28 AC935 Prague 13:40 Toronto 16:50 Mon, Wed, Sat June 7 to Sep. 29 The Prague flights will be operated on Air Canada's Airbus 330-300. Customers can choose from three classes of service: Economy, Premium Economy, and Air Canada Signature Class, offering customers superior comfort and convenience in an exclusive cabin, with spacious lie-flat seating, personalized service, fine cuisine, extra baggage allowance and access to priority airport services. Visit to book flights to Prague! About Air Canada Air Canada is Canada's largest airline, the country's flag carrier and a founding member of Star Alliance, the world's most comprehensive air transportation network. Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada's Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the world's largest airline partner network of 45 airlines, plus through an extensive range of merchandise, hotel and car rental partners. Through Air Canada Vacations, it offers more travel choices than any other Canadian tour operator to hundreds of destinations worldwide, with a wide selection of hotels, flights, cruises, day tours, and car rentals. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using Air Canada's passenger and freighter aircraft. Air Canada's climate-related ambition includes a long-term aspirational goal of net-zero greenhouse gas emissions by 2050. For additional information, please see Air Canada's TCFD disclosure. Air Canada shares are publicly traded on the TSX in Canada and the OTCQX in the US. Internet: Read our annual report Here Sign up for Air Canada news: Media Resources:PhotosVideosB-RollArticles SOURCE Air Canada View original content to download multimedia: Sign in to access your portfolio
