In a second white paper released in June, P27 highlights the growing importance of instant payments and the need to ensure systemic resilience moving forward It’s no accident that banks connected to Swish, which is used by more than 90 percent of the Swedish population, are at the vanguard of P27’s march toward processing the platform’s first transactions. “It’s always exciting for any new company to take on your very first customers,” he says. Groth calls the commencement of testing an “important milestone” in P27’s journey toward creating a cross-border, cross-currency payment platform in the Nordics. The current timeline calls for SEK instant preparations to be finalised during the second half of 2022, followed by SEK batch preparations to be finalised in early 2023.

“We are currently onboarding and testing with real customers, and that’s very exciting,” he says. “We’re doing everything we can to realise our vision and ambition,” says Customer Relations Director Jacob Groth.Īfter nearly two years of painstaking implementation, P27 will soon be ready to transition from working with prospective participants to actual customers.įirst in line are 13 banks connected to Get Swish AB, the dominant instant payment solution in Sweden. And more than a dozen banks connected to Swedish instant payments solution Swish are set to test the Nordic payments platform by the end of the year. Instant payments are at the top of P27’s agenda. Instant payments in focus as P27 nears testing with Swish banks

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