Path To Value For P27: Payments As a Service

All eyes are focused on the Nordic region as a major payment initiative unfolds, transforming all payments into real-time. The scale of innovation is likely to be a first in payments and it is happening soon. This is no longer a distant future as both P27 and TIPS will become available in the first half of 2022.

The P27 Payment Platform will create a shared, real-time payment infrastructure replacing multiple domestic clearing systems. This is more than just a technological journey; it will require a totally new mindset for adoption.

For corporates and merchants, this will result in reduced payment costs and fees, more efficient and simpler payment processes both locally and internationally. There has never been a better opportunity to review how your organization could utilize payment automation and bank connectivity for even further efficiencies.

A recent report by Cap Gemini states that for many banks “Payments-as-a-Service has become the option of choice for cost effectiveness and go-to-market speed as bespoke payment technology stacks struggle to accommodate dynamic regulatory and technology updates”. As the region moves towards P27 phase 1 delivery, fast-adopter banks will benefit from new services to corporates and small businesses. Learn how to accelerate innovation and digital transformation with a seamless path to P27 payments.