P27 announces acquisition of Swedish company Bankgirot
P27 has signed an agreement to acquire Bankgirot, Sweden’s only clearing house for mass payments.
“P27’s acquisition of Bankgirot is a very important step in our ambition to build a solid Nordic clearing infrastructure,” says P27 CEO Lars Sjögren.
Bankgirot has a central role in the Swedish payment system and handles transactions of a total value of approximately SEK 73 billion per day.
In the short term there will be no changes to Bankgirot as a result of this transaction. Businesses and consumers will be able to continue using Bankgirot services as before and it is business as usual for the employees at Bankgirot.