The partners claim this is a world first in terms of a real-time and batch multi-currency platform, which will offer immediate payments with lower costs, higher security and increased competitiveness. Mastercard and P27 Nordic Payments Platform have collaborated to create a multi - currency , cross - border , real - time payments platform for the Nordic region , in what the partners 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 say they ultimately plan to use the platform to develop their partnership into other markets . P27 is backed by Danske Bank , Handelsbanken , Nordea , OP ##B Group , SEB and Swedbank .
Mastercard and P27 Nordic Payments Platform have collaborated to create a multi - currency , cross - border , real - time payments platform for the Nordic region , in what the partners 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 say they ultimately plan to use the platform to develop their partnership into other markets . P27 is backed by Danske Bank , Handelsbanken , Nordea , OP ##B Group , SEB and Swedbank .