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.