P27 Nordic Payments Platform AB, a joint initiative by six top Nordic banks to build a common payment infrastructure for the region, has delayed its go-live date as it is yet to secure permits from EU and national authorities, Børsen reported March 9.

The pan-Nordic project, which was launched in 2018, is now planning to go live by May 2022, having originally scheduled this to happen in the first quarter of 2021. It is still awaiting approval from EU competition authorities, as well as from the Swedish financial regulator to conduct certain types of operations in Sweden, the Danish newspaper said, citing P27's CEO Lars Sjögren.

P27 is run by Danske Bank A/S, Nordea Bank Abp, OP Financial Group, Skandinaviska Enskilda Banken AB and Swedbank AB (publ).