Modern payments platform promotes trade and growth
P27 Nordic Payments Platform is a vital investment for creating a uniform, modern and future-proof payment infrastructure in the Nordic countries.
Harmonisation of the national infrastructures and services offered will facilitate cross-border payments and promote trade between the Nordic countries. Both private persons and businesses will benefit greatly from the ability to conveniently make real-time payments across national borders. The Nordic countries are highly export-dependent, with the largest part of trade being conducted within the Nordic region. This benefits growth and employment with a cost effective, uniform payments market.
Also for us as a bank, there is a great need to replace an aging and fragmented infrastructure that is complex and costly. We need a modern Nordic payments infrastructure that is easier to maintain and that makes it easier to develop fast, secure, cost effective and convenient payment services adapted to customers' needs.