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July 9, 2021
On the wires
EU approval marks major milestone for realising a pan-Nordic real-time payments infrastructure
“P27 Nordic Payments has today secured merger approval from the EU Commission to establish its pan-Nordic payments platform. This is a major milestone in creating one common payments infrastructure throughout the Nordics. The P27 platform will enable domestic and cross-border payments in real-time, in batches and in multiple currencies. The merger approval from the EU Commission is crucial for P27 in many ways. It enables P27 to start preparing for onboarding customers in Denmark, Finland and Sweden. It enables P27 to complete the acquisition of Bankgirot in Sweden and proceed with the transformation of the Swedish payments infrastructure together with Bankgirot. The merger approval also means that P27 can proceed with the preparations for pan-Nordic payments services and products, such as the Nordic bill payments service (one pan-nordic alternative to the current request to pay and direct debet solutions in the Nordics).”
June 29, 2021
On the wires
JCB Expands Partnership With Nets Group to Grow JCB Contactless Acceptance in the Nordics
“JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd. and Nets Group, the Nordic-based payment service provider, announce the latest expansion of their partnership to bolster JCB Contactless acceptance in the Nordic region.JCB cardmembers can now use JCB Contactless on 244,000 merchant POS systems across Denmark, Sweden, Norway, and Finland. This growing partnership with Nets marks a significant increase in JCB acceptance in the region, built upon the previous rollout to 18,000 Nets merchants in Finland in January 2020[1] and introduction of mobile payments in Denmark in 2016[2].”
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