The Nordics have often been seen as at the spearhead of innovation and digitalisation when it comes to payments and banking, why do you think this is and do you think it can be replicated elsewhere?
If you look at most people in the Nordics, they do not carry cash anymore. Mobile and card based services along with authentication through the BankID number provides a level of digitalisation that is already present and well embedded within the marketplace. The BankID rails are a huge advantage, we can authenticate not only payments but use it in other areas of life also. Acceptance of doing everything electronically is significant across the region. From a consumer perspective there is huge growth in digital payments and this is fuelling innovation. `We are also seeing more and more corporates moving in this direction also and demanding instant payments. P27 is therefore key. From a scalability perspective Nordic national individually are too small to do everything individually but we are stronger together. Whether this can be replicated elsewhere, I am not sure.