VocaLink is a strategic partner of Sweden's automated clearing house, Bankgirot.
This unique partnership marks a radical departure from tradition. It is the first time a national payments system has outsourced part of its payments processing to a non-domestic player.
The partnership delivered a cost-effective technology renewal to the Swedish banking industry and offers a platform for payment innovation. Bankgirot retains all of its responsibilities with the Swedish banking community, public agencies and regulators.
This innovative business model generates economies of scale that permit more cost-effective payment services to be delivered to customers in a shorter timescale.