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P27 Nordic Payments Platform

  • Modern and stable payment process 
  • Faster and with possibility to include more information 
  • One format and one standard, ISO 20022

The Nordic payment market is one of the most advanced and efficient in the world. In a collaboration between the six largest Nordic banks, where Swedbank and the Savings Banks are one, we are planning to introduce additional improvements in the payments area. By building a common Nordic clearing infrastructure, the ambition is to provide increased possibilities to faster, safer and easier payments. The outcome can be used by all Nordic banks.  

What is P27 NPP?

P27, which stands for Payments and our 27 million Nordic inhabitants, is a corporation owned by the six largest Nordic banks. The main purpose of P27 is building a modern clearing platform which is able to promote trade within and among the Nordic countries. 

More about P27 NPP

The owner banks of P27

  • Swedbank och Sparbankerna
  • SEB
  • Handelsbanken
  • Nordea
  • Danske Bank
  • OP Financial Group

What will be the main differencies?

  • Increased number of clearing cycles per day
  • Real time payments
  • New standard and format for file payments 
  • File communication moves from Bankgirot to the banks 
  • Bankgiro number as alias will remain 
More about the differencies with P27

What benefits come with P27?

  • Possibility to include more information about the payment to the recipient
  • One format and one standard, ISO20022
  • Faster payments 
  • Opens up for increased possibilites, innovations and new products
  • Easier access to a larger geographical market 

More information

TIPS

TIPS is the European Central Bank's platform for instant payments. 

ISO20022 - the new European financial standard

The implementation of the new ISO20022 global standard is ongoing in Europe as well as in the rest of the world. 

For more information about P27 in English, please contact your local branch office or your personal advisor.

If you want to read more about P27, please use the link below.

More information about P27 (nordicpayments.eu)

You can also find more information about P27 on our Swedish site (in Swedish).