Update: P27 decided to withdraw its clearing license application
The prerequisites for building a new Nordic system critical payment infrastructure have changed since P27 was launched in 2019. New requirements and regulations have challenged P27’s operating model. The fact that P27 will not handle the Swish-flow in Sweden and the recent decision by the Danish banking sector to proceed with other payment solutions, has put the company in a new position.
The existing payment infrastructure in Sweden still needs to be updated. BGC is based on an outdated technology and a new modernized payment infrastructure needs to be in place. How and when remains to be seen, but operations will be maintained until new solution are implemented
The migration to a new file format the ISO20022 standard is proceeding according to plan and is not affected by what's happens to P27
P27 and Bankgirot have now started a joint project and the scope for the project is
Create a target state for a future payment infrastructure, determine what is required and plan for a final delivery - long term. Identify market requirements to ensure that current payment infrastructure remains operational for as long as needed.
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