The Nordic payments platform moves for Sweden’s only clearing house for mass payments.
In Brief
- Bankgirot manages transactions of a total value of approximately SEK 73 billion per day through Sweden's real-time payment service BiR.
- In 2012 it launched mobile payment system Swish in cooperation with the Central Bank of Sweden.
- The acquisition is dependent on regulatory approvals, including merger approval by the European Commission and ownership assessment by the Swedish Financial Supervisory Authority.
What does this mean
Backed by Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank, P27 has been set the task of connecting 27 million people. Bankgirot offers operational stability and valuable knowledge of complex payments and compliance issues.
