P27 Nordic Payments

Founded in 2019 by six major Nordic banks (Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB, and Swedbank), P27 Nordic Payments AB aimed to build and operate the world's first integrated domestic and cross-border real-time payments platform. The mission was to replace the existing, fragmented payment infrastructures in Denmark, Finland, and Sweden with one common, state-of-the-art system to facilitate easier, faster, and cheaper payments for consumers and businesses across the Nordic countries. However, in April 2023, the company announced it was discontinuing the pan-Nordic payment platform initiative after withdrawing its clearing license application from the Swedish Financial Supervisory Authority (Finansinspektionen). The company is now being liquidated.