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P27 Nordic Payments

Sweden

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

--/90

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2016

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Company Information

Get to know P27 Nordic Payments

Company Information

Get to know P27 Nordic Payments

Founded in 2019 by six major Nordic banks (Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB, and Swedbank), P27 Nordic Payments AB aimed to build and operate the world's first integrated domestic and cross-border real-time payments platform. The mission was to replace the existing, fragmented payment infrastructures in Denmark, Finland, and Sweden with one common, state-of-the-art system to facilitate easier, faster, and cheaper payments for consumers and businesses across the Nordic countries. However, in April 2023, the company announced it was discontinuing the pan-Nordic payment platform initiative after withdrawing its clearing license application from the Swedish Financial Supervisory Authority (Finansinspektionen). The company is now being liquidated.

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