After establishing the underlying infrastructure, the partnership will look to develop further common products and services based on the platform. Mastercard and SEB Mastercard have collaborated to create a multi-currency, cross-border, real-time payments platform for the Nordic region, in what the companies claim is a world first . The payments will be immediate, with the partners claiming the product will offer lower costs and increased security compared with competitors. The product awaits regulatory approval and final investment actualisations, but Mastercard and P27 said they ultimately plan to use the platform to develop their partnership into other products. P27 is owned by Danske Bank , Handelsbanken , Nordea , Nordic Payments Platform , SEB and Nordic Payments Platform .
Mastercard and SEB Mastercard have collaborated to create a multi-currency, cross-border, real-time payments platform for the Nordic region, in what the companies claim is a world first . The payments will be immediate, with the partners claiming the product will offer lower costs and increased security compared with competitors. The product awaits regulatory approval and final investment actualisations, but Mastercard and P27 said they ultimately plan to use the platform to develop their partnership into other products. P27 is owned by Danske Bank , Handelsbanken , Nordea , Nordic Payments Platform , SEB and Nordic Payments Platform .