Tagged: P27

European Commission Approves Merger Request from P27 Nordic Payments Initiative to Form Pan Nordic Payments Platform

The European Commission reveals that it has approved the merger request from the P27 Nordic Payments initiative in order to form its pan-Nordic payments platform. This latest approval from the European Commission marks a key milestone for the project which is focused on working towards… Read More

Banking Circle to Act as Front-Runner Bank in Creating Bulk-Clearing for Danish Krone after Joining P27 Nordic Payment Initiative

Global financial infrastructure provider, Banking Circle, has reportedly joined the P27 Nordic payment initiative as a “front-runner” bank in developing “bulk-clearing” for the Danish Krone, “underlining its commitment to building a global payments infrastructure.” P27 has been recognized as an important initiative to address the… Read More

Digital Payments Surge in 2020, while Distributed Ledger Tech is in Focus for Digital Currency Solutions, Efficiency Enhancements: Report

Capgemini has released a new report titled, Payments – Top Trends 2021: Drivers, Opportunities, and Risks Shaping Financial Services. While highlighting key Fintech trends in the payments sector, the extensive report noted that Payments-as-a-Service has gained significant “traction” among small- and mid-tier institutions. It added… Read More

P27 Announces Acquisition of Payment Clearing House Bankgirot

P27 Nordic Payments Platform announced on Tuesday it has acquired Bankkgirot, a Sweden-Based clearing house for mass payments. According to P27, Bankgirot has a “central role” in the Swedish payment system and handles transactions of a total value of approximately SEK 73 billion per day…. Read More

Six Nordic Banks to Fund Development of International Real-Time Payments Platform P27

Six Nordic banks will be funding the development of an international real-time payments system as part of the P27 collective. Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank have reportedly finalized a shareholders’ agreement, formulated a business plan, and agreed to make investments… Read More

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