With a solution for the Bulgarian Market, Montran Wins Central Banking Award for Payment Services Development
At the end of March BORICA’s strategic partner 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 news comes shortly after BORICA and the Bulgarian National Bank announced the successful start of the TIPS (TARGET Instant Payment Settlement) connectivity module developed by Montran. This solution enables Bulgarian banks to access TIPS, the ECB's instant payments service, integrating with Bulgaria’s BISERA.
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.
Vania Ganeva, Director of „Payment services” at BORICA AD, underlines the importance and speed of Montran’s service. “The system uses a prepaid transaction processing model and has high availability and excellent performance, allowing us to process payments in much shorter time than required,” she tells Central Banking. “The service will be the basis for other value-added blink services such as payments via mobile phone number (P2P), parking, e-commerce and in-store. In the near future, the system should be integrated with other services to cover all the necessary flows.”
More information about Montran's award at the Central Banking Awards 2025:
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.
