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.

Click here to read the full release.

P27 announces acquisition of Swedish company Bankgirot