Catch more Fintech Insights : When DeFi Protocols Become Self-Evolving Organisms
[To share your insights with us, please write to psen@itechseries.com ]
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE and owner-operator of Aani, the country’s national instant payments platform, has selectedAl Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE and owner-operator of Aani, the country’s national instant payments platform, has selected
Al Etihad Payments Selects Montran to Power Cross-Border Instant Payments Integration
2 min read
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE and owner-operator of Aani, the country’s national instant payments platform, has selected Montran to implement a next-generation International Remittance Platform (IRP) Gateway. This initiative represents a key step in enabling seamless cross-border connectivity with other national instant payment systems, supporting the UAE’s vision for interoperable, future-ready financial infrastructure.
As part of its strategic roadmap under the National Payment Systems Strategy, AEP aims to extend Aani’s capabilities beyond domestic boundaries. However, the diversity of standards and formats used by foreign schemes has made interoperability a major technical and operational challenge. Real-time 24x7x365 demands, varied compliance and settlement frameworks, and inefficient manual FX and prefunding processes further complicate cross-border integration.
Read More on Fintech : Global Fintech Interview with Kristin Kanders, Head of Marketing & Engagement, Plynk App
To address these challenges, AEP selected Montran’s IRP Gateway solution—a unified platform that seamlessly connects UAE’s licensed financial institutions, the Aani platform, and foreign instant payment infrastructures. The IRP Gateway consolidates multiple bilateral protocols into a single standard, supporting ISO 20022, real-time message transformation, and open API interoperability. It offers rule-based routing, FX deal management, prefunding, and settlement, along with real-time processing, security, and full compliance.
With this implementation, licensed financial institutions in the UAE will be able to send and receive instant cross-border payments more efficiently, while AEP retains full operational control and visibility across the remittance process.
In its initial rollout, the IRP Gateway will integrate with India’s Unified Payments Interface (UPI), leveraging Montran’s proven credentials as a Certified NPCI Partner and its successful track record of integration with leading Indian banks. Montran’s global experience in building instant payment infrastructure for central banks and regulators was also a key factor in the selection.
“We are proud to support AEP’s mission to shape a borderless, real-time payment ecosystem,” said Matt Walsh, General Manager, Montran MENA. “Our IRP Gateway empowers national systems to connect across borders—securely, efficiently, and at scale.”
The post Al Etihad Payments Selects Montran to Power Cross-Border Instant Payments Integration appeared first on GlobalFinTechSeries.
Market Opportunity
CROSS Price(CROSS)
$0.11231
$0.11231$0.11231
USD
CROSS (CROSS) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
USDT Transfer Stuns Market: $238 Million Whale Movement to Bitfinex Reveals Critical Patterns
BitcoinWorld USDT Transfer Stuns Market: $238 Million Whale Movement to Bitfinex Reveals Critical Patterns In a stunning development that captured global cryptocurrency
Share
bitcoinworld2026/02/06 21:45
The market value of NFTs has fallen back to pre-2021 levels, close to $1.5 billion.
PANews reported on February 6th, citing Cointelegraph, that the global NFT market capitalization has fallen below $1.5 billion, returning to pre-2021 levels. This
Share
PANews2026/02/06 21:13
Fed’s Hammack Backs Restrictive Policy Over Fed Rate Cuts
The post Fed’s Hammack Backs Restrictive Policy Over Fed Rate Cuts appeared on BitcoinEthereumNews.com. Cleveland Federal Reserve President Beth Hammack has advocated for a restrictive monetary policy amid growing concerns of rising inflation . Her comment comes as Fed officials remain divided on whether they should make a Fed rate cut at the October FOMC meeting, a move that would impact the crypto market. Hammack Raises Inflation Concerns Amid Fed Rate Cut Debate Hammack stated that inflation continues to exceed the Fed’s objective and remains a concern across both headline and core categories. Speaking on CNBC, she noted that price growth remains above the Federal Reserve’s 2% objective and is not expected to return to target until the end of 2027 or early 2028. The Fed president added that pressures are most apparent in the services sector, where inflation has proven more persistent. Notably, her comments follow the first Fed rate cut of the year, two weeks ago at the September FOMC meeting. In her remarks, Hammack said monetary policy must remain restrictive to ensure progress toward the inflation target, indicating that she doesn’t favor further Fed rate cuts for now. She explained that the Federal Reserve’s dual mandate requires balancing price stability with employment, but argued that inflation remains the greater challenge at present. “When I balance those two sides of our mandate, I think we really need to maintain a restrictive stance of policy so that we can get inflation back down to our goal,” she said. Inflation Over the Jobs Market Hammack pointed to service-related spending as an area where inflationary pressures remain strong. She explained that both headline and main price levels are still above target, with little evidence of near-term relief. She described the U.S. labor market as “reasonably healthy” and overall balanced, noting that current conditions do not show major weaknesses. However, Hammack stressed that maintaining this balance…
Share
BitcoinEthereumNews2025/09/29 23:50