P27: Simpler cross-border payments and much more
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
BNP Paribas | Bearish | 1.1500 |
UBS | Bullish | 1.1800 |
UOB | Bullish | 1.1800 |
All 30 desk targets for EUR/USD
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Corporate insights P27: Simpler cross-border payments and much more 20-11-2020 Twenty-seven million people live in the Nordic region. The constituent countries are very closely aligned, especially when it comes to cross-border trade and travel. But this cohesion doesn’t extend to
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The desk believes that the development of the P27 payment platform will significantly transform the Nordic payments landscape, facilitating faster and more efficient transactions for banks like Nordea. Per the full note from Nordea Insights, Tino Kam emphasizes the platform's capacity to offer a harmonized service across multiple currencies, marking a departure from the single-currency focus seen in previous initiatives like SEPA. The anticipated advantages of P27, including increased standardization and quicker transaction speeds, position it as a critical product for Nordic banks, especially in an era where 'instant is the new normal.' Market participants should be mindful of the ongoing technological transitions alongside the rise of fintech alternatives that could challenge traditional banking models.