Friday, September 17, 2021

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P27 Nordic Payments: Secures merger approval from EU Commission

P27 Nordic Payments: Secures merger approval from EU Commission

  • P27 Nordic Payments company owned by six of the largest banks in the Nordics
  • The European Commission today announced merger approval for the initiative to establish its pan-Nordic payments platform
  • This approval marks a significant milestone for the initiative which is working toward the creation of a common payments infrastructure
  • Thmerger approval was an essential step for P27, enabling it to begin preparations for onboarding customers in Denmark, Finland, and Sweden
  • A press release states that P27 will now commence with preparations for pan-Nordic payments services and products
  • The Commission’s update reads that “the transaction gives rise to horizontal overlaps
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