• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Alternative

Faster payments in focus as Nordic Payments Council launches consultation

Faster payments in focus as Nordic Payments Council launches consultation
  • Jonathan Boyd
  • Jonathan Boyd
  • @jonathanboyd
  • 18 June 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Nordic markets may be already known for widespread use of digital apps and digital currency solutions, yet there is more to be done as suggested by the launch of a consultation period by the Nordic Payments Council (NPC) on its proposed rules for its Credit Transfer and Instant Credit Transfer Schemes.

This is the first open consultation by the NPC on the two schemes, which set out rules, practices and standards for interoperatbility on provision and operation of credit transfers and instant credit transfers at the interbank level for DKK and SEK.

Related articles

  • Crédit Agricole Italia joins SEPA Instant Credit Transfer scheme
  • Channel Islands, IoM to join SEPA
  • Scandinavian bonds to outperform German ones - SEB
  • Sun rising in the Nordics for Legg Mason

The consultation period runs until 6 September 2019. Thereafter, the NPC will analyse and review comments received and engage in dialogue with "identified stakeholders". Any changes to the rulebook are expected to be included in the final versions of the schemes published by November 2019, before going into effect a year later in November 2020 - when the first payments made using the new schemes will be made.

The NPC stated that legacy payment rules and market practices will remain in parallel until the migration to the new schemes is complete in each market. As an organisation, the NPC's role is to support and promote the integration and development of Nordic payments. It was founded in December 2018, combining the interests of Nordic bankers' associations, banks and payment institutions covered by the PSD2 Directive. It also follows the SEPA payment schemes as closely as possible to ensure stronger integration between Nordic currencies and the eurozone payments area.

 

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Alternative
  • Nordic Payments Council (NPC)
  • Denmark
  • sweden
  • Technology
  • Nordics
  • Nordic
  • European Central Bank (ECB)

More on Alternative

Janus Henderson Investors launches multi-strategy UCITS fund

  • Alternative
  • 03 June 2020
Law firm comments Esma shorting policy amid Coronavirus crisis

  • Alternative
  • 19 March 2020
Columbia Threadneedle suspends dealing in retail property fund

  • Alternative
  • 19 March 2020
AMX adds two to Irish operations

  • Alternative
  • 18 March 2020
Sweden ditches amortisation requirement in response to Coronavirus

  • Alternative
  • 18 March 2020
Back to Top

Most read

Duff & Phelps opens Gibraltar office
Duff & Phelps opens Gibraltar office
Brexit deals hefty blow to City but industry is ready to fight back
Brexit deals hefty blow to City but industry is ready to fight back
Comment: Are cryptocurrencies the new gold?
Comment: Are cryptocurrencies the new gold?
FSCS warns industry of £1bn compensation bill
FSCS warns industry of £1bn compensation bill
Dubai regulator to develop cryptocurrency framework
Dubai regulator to develop cryptocurrency framework
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading