Montran and ICG partner to enhance instant payment solutions

By Delisha Fernandes

Montran, a payment and securities market infrastructure solutions provider, has announced a strategic partnership for instant payments with Imágenes Computarizadas de Guatemala, S.A. (ICG), a technological clearing services and electronic transfers in Guatemala.

This collaborative alliance will focus on deploying Montran’s Instant Payments System (IPS), Multi-Tenant Instant Payments Platform (IPP), and Anti-Fraud solution, signifying a significant evolution in the financial technology landscape of the region.

The Montran Multi-Tenant Instant Payments Platform (IPP) will provide a scalable, rapid deployment solution to bring 20+ of Guatemala’s banks live on Instant Payments most seamlessly and efficiently possible, getting an immediate return on investment for the banks.

“This signifies a new era of financial solutions and is a significant turning point in Guatemala’s payment industry,” said Erhard Schafer, General Manager of ICG. “Montran’s solutions are renowned for their advanced technology, security, stability, and efficiency. Their implementation positions ICG to disrupt the payment landscape, revolutionising our offerings and enhancing customer experiences.”

Echoing this sentiment, José Escobar, General Manager of Montran LatAm, said, “Our advanced solutions will enable seamless instant payment processing, mitigate complexities, and boost operational efficiency. With proactive fraud detection and prevention, banks, businesses, and consumers will be equipped with a secure, trustworthy instant payment environment.”

Escobar added, “As we commence the implementation of Montran’s Instant Payment Solutions, we are eager to witness the transformative potential of this partnership. This collaboration represents a promising trajectory for both Montran and ICG.”

Montran and ICG aim to optimise immediate transaction capabilities, enhance operational agility, and fortify security measures, delivering seamless, secure, and efficient instant payment experiences to customers throughout Guatemala.