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P27: A payment initiative that connects the Nordic region

The Nordic payments market is one of the most advanced, innovative and efficient in the world. Project 27 aims to break down barriers for trade and financial interaction between the Nordic countries by making payments more efficient and transparent, including across borders.

Denmark, Finland and Sweden will be covered by the platform from start and later on Norway will be considered. However, P27 could eventually be open for more countries and banks joining.

P27 is still in preliminary stage, and the establishment of P27 is subject to regulatory approvals and requirements.

P27 aims to create a pan-Nordic clearing platform

  • From nine different clearing solutions to one clearing platform
  • Harmonized payment services
  • Reach new scale and efficiency with an updated platform

Customer benefits

Our vision is to be recognised as the most trusted financial partner. We want to help our customers become financially confident and help them build their lives and businesses on a solid financial foundation. By being part of P27, Danske Bank can provide the foundation for future innovation and enable customers to be more financially confident in the pursuit of achieving their dreams and ambitions.

Instant cross-border payments

Instant capabilities for domestic and cross-border payments in DKK, SEK and EUR.

Standardisation across the Nordics

Improved access to new markets as P27 will be based on European standards adapted to the Nordic markets’ requirements.

Improved reporting offerings

Potential to leverage transactional data for improved reconciliation processes and liquidity overview to ensure efficiency and standardised reporting.

A world of possibilities

Enable higher security and fraud prevention and new payment services

Does your company make Swedish domestic payments via files?

The transition to the ISO 20022 XML format for files with Swedish payments has already started. 

See how you are affected by this change, as well as how to change and validate your payment files.
Read more

Changes in the payment industry

The payments industry is going through a big transition and a new platform for innovative customer solutions is highly anticipated, especially for payments on mobile.

P27 will provide a foundation for potentially interconnecting mobile payment solutions, such as by enabling a user of a mobile payment solution to transfer to a user of the same or different mobile payment solution in another country.

27 million inhabitants to benefit

Project 27 is a joint initiative by Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank. The Project 27 name derives from the project’s aim to improve payments for the 27 million inhabitants in the Nordics.