MONTRAN AND BANGLADESH BANK SUCCESSFULLY LAUNCH NEXT-GENERATION RTGS SYSTEM, TRANSFORMING THE COUNTRY’S FINANCIAL ECOSYSTEM

Dhaka, Bangladesh – Mar 31 2025 – Montran is pleased to announce the successful launch of Bangladesh’s new Real-Time Gross Settlement (RTGS) system, marking a major milestone in the modernization of the country’s financial ecosystem. This next-generation system, developed in partnership with Bangladesh Bank, enhances operational efficiency, streamlines transactions, and strengthens financial infrastructure for years to come.

With this advancement, Bangladesh becomes one of the first countries in the Asian subcontinent to implement a 7-currency RTGS system, further solidifying its position in the global financial landscape. The smooth and seamless transition ensured uninterrupted migration for financial institutions, demonstrating the resilience and effectiveness of the new platform.

The upgraded RTGS system supports 24/7 real-time settlement and monitoring, improving transaction speed, transparency, and security. It introduces a unified application for domestic and foreign currency clearing, optimizing efficiency for banks and institutions. This innovation fosters financial inclusion, ensuring seamless participation in the digital economy.

Matt Walsh, Global Sales Director at Montran Corporation, highlighted Montran’s commitment to driving financial innovation: “This advanced system empowers financial institutions with greater efficiency, security, and support for seven currencies since going live, with the flexibility to accommodate more, along with round-the-clock availability and operations, enabling the Bangladesh’s banking sector to thrive in an increasingly digital world.”

Among its key features, the RTGS system integrates ISO 20022, ensuring richer data, improved compliance, and enhanced interoperability. End-to-end message tracking enables financial institutions to monitor transactions in real-time with transparency.

Governor of Bangladesh Bank, Dr. Ahsan H. Mansur, emphasized the transformative impact of this system, stating: “Bangladesh has made a revolutionary transformation in its payment system, and this RTGS upgrade is a milestone achievement. It plays a vital role in stimulating economic activity and keeping pace with the rapid growth of digital transactions.”

This system serves as a foundation for Bangladesh’s evolving payment infrastructure. Enhanced liquidity management tools allow financial institutions to optimize fund utilization in real time, ensuring efficient settlements and reduced financial risk—while paving the way for a more integrated, competitive financial ecosystem.

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.

About Bangladesh Bank

Bangladesh Bank is the central bank of Bangladesh, responsible for formulating and implementing monetary policy, regulating banks and financial institutions, and ensuring financial stability in the country. Learn more at https://www.bb.org.bd/

SOURCE Montran