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P27 has withdrawn its clearing license application

P27 has of today decided to withdraw its clearing license application from Finansinspektionen. The prerequisites for building a new Nordic system critical payment infrastructure have changed since P27 was launched in 2019. New requirements and regulations have challenged P27’s operating model.The fact that P27 will not handle the Swish-flow in Sweden and the recent decision by the Danish banking sector to proceed with other payment solutions, has put the company in a new position. -          We fully understand and endorse the high requirements and expectations which applies to us as a

Paula da Silva replaces Lars Sjögren as CEO of P27

The Board of P27 has appointed Paula da Silva as new CEO of P27 replacing Lars Sjögren. Paula will start on January 17 2022, while Claus Richter, deputy CEO of P27, will take the interim CEO role as of today until Paula joins.The recent EU Commission merger approval marked an important milestone for P27. With that, P27 is moving into a new phase with focus on executing on the plans to bring the Nordic payment infrastructure to market. ”We are very pleased that Paula has accepted the position as new CEO of P27. Paula is bringing a long track record of successful transformation journeys as

EU approval marks major milestone for realising a pan-Nordic real-time payments infrastructure

P27 Nordic Payments has today secured merger approval from the EU Commission to establish its pan-Nordic payments platform. This is a major milestone in creating one common payments infrastructure throughout the Nordics. The P27 platform will enable domestic and cross-border payments in real-time, in batches and in multiple currencies.The merger approval from the EU Commission is crucial for P27 in many ways. It enables P27 to start preparing for onboarding customers in Denmark, Finland and Sweden. It enables P27 to complete the acquisition of Bankgirot in Sweden and proceed with the

P27 Nordic Payments Platform appoints Martin Andersson as Chairperson and Silvija Seres as Board Member

P27 Nordic Payments Platform AB today announced that Martin Andersson has been appointed independent Chairperson of the Board and that Silvija Seres has been appointed independent Board Member as of 1 January 2021.Martin Andersson has more than 20 years of experience in the financial sector. He is currently Partner at the management consulting firm Oliver Wyman and was previously Director General of the Swedish Financial Supervisory Authority between 2009 and 2015. Silvija Seres has extensive experience in the tech sector and is currently Managing Partner at the Norwegian technology

P27 Nordic Payments Platform to acquire Swedish company Bankgirot

P27 Nordic Payments Platform has on 6 October 2020 signed an agreement to acquire Bankgirocentralen BGC AB (Bankgirot), Sweden’s only clearing house for mass payments. Bankgirot has a central role in the Swedish payment system and handles transactions of a total value of approximately SEK 73 billion per day, including through its real-time payment service BiR, that enables the Swedish real time payment system Swish. The acquisition marks a very important step in P27’s ambition to create one common state-of-the-art payment platform in the Nordic countries.Lars Sjögren, CEO of P27 Nordic

P27 Nordic Payments today opens a branch office in Helsinki in Finland

P27 Nordic Payments Platform AB is today, 22[nd] of January, opening a branch office in Helsinki, Finland. The opening of a branch office in Helsinki will facilitate P27s collaboration with its Finnish counterparties and clients as well as providing a high level of service and responsiveness to the local market’s expectations and requirements.The Helsinki office will be located at Epicenter, Mikonkatu 9, in the centre of Helsinki. P27 holds offices in Stockholm and in Copenhagen since August 2019.  Lars Sjögren, CEO of P27 Nordic Payments Platform AB comments: “I am very pleased to

Nordic banks take the first step to build world’s first real-time, cross-border payment system in multiple currencies

The owners of P27 Nordic Payments Platform AB, Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank, are now announcing a number of key agreements that will lay the groundwork for the realisation of the Nordic region’s first real-time payments system. The owners have signed a shareholders’ agreement, agreed on a business plan, and made a financial commitment that will cover all costs up until the company is financially sustainable, expected in 2021. The ambition is to launch the payments platform in 2021. The collaboration, joint ambition, and strong commitment of the

Mastercard and P27 Nordic Payments Platform to build a world first real-time payments system across the region

Today P27 Nordic Payments Platform (owned by Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank) and Mastercard have announced a partnership to provide real-time and batch payments across the Nordic markets; building the most advanced, innovative and efficient payments system in the world.By working together the partnership will connect people across the cluster of countries using multiple currencies. This bold ambition will transform how money moves for consumers, businesses, society, and the payments industry itself. This major investment programme is a world

P27, the new Nordic Payments Platform, is assessing the possibility to acquire Bankgirot

P27, the new Nordic Payment Platform that aims to create a common payments infrastructure in the Nordic region, through its newly established company, has today initiated a due diligence to evaluate a potential acquisition of the leading Swedish clearing payment company Bankgirocentralen BGC AB (“Bankgirot”).This is an important step in the integration of the Nordic payments market. P27’s ambition is to connect 27 million people in the Nordic region and enable national and cross-border real-time payments in all Nordic currencies. Would the acquisition become a reality, it would strengthen

P27 banks stay committed to realizing the P27 vision after decisions by the Norwegian banking community

The collaboration, joint ambition, and strong commitment of the founding banks ensure P27 has the solid  foundation required for realising the vision of an integrated, cross-border payment system for the 27 million people living in the Nordic region.In the beginning of 2018, Project 27, or P27, came to live through a partnership of seven banks – Danske Bank, DNB, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank – with the goal of developing the world’s first ever cross-border and multi-currency payments platform for the benefit of end-users across the Nordics. In the past year,

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