P27 Nordic Payments Platform AB, nordicpayments.eu, is a company owned by six of the largest banks in the Nordics, Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank. The aim is to create one common state of the art payment platform in the Nordic countries. The work started in late 2017 with the ambition to go live 2021. The launch of P27 services is subject to a merger filing and clearing licence approval. The name P27 derives from the number of citizens in the Nordic countries, 27 million individuals.