PlusGirot (formerly PostGirot) is a

Swedish Swedish or ' may refer to: Anything from or related to Sweden, a country in Northern Europe. Or, specifically: * Swedish language, a North Germanic language spoken primarily in Sweden and Finland ** Swedish alphabet, the official alphabet used by ...

money transaction system, owned by

Nordea Nordea Bank Abp, commonly referred to as Nordea, is a Nordic financial services group operating in northern Europe with headquarters in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The Nordic countries are considered ...

. PlusGirot is one of two proprietary clearing systems used for regular transactions such as bill payments in

Sweden Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic count ...

. Postgirot was developed by Posten, the Swedish postal service, and was wholly separate from the banking system. This made transfers between the two systems difficult. The competing system

Bankgirot Bankgirot is a proprietary clearing system (a Giro (banking), giro) in Sweden used for transactions such as bill payments. It is owned by multiple Swedish banking conglomerates. The clearing system is connected with the banks enabling payments to ...

was owned and operated by the banks. The deregulation of postal services in Sweden prompted a sale of Postgirot; initially there were plans to merge the two clearing systems, but it was halted due to objections from the

Swedish Competition Authority The Swedish Competition Authority () is a Swedish government agency organized under the Ministry of Enterprise tasked to promote and safeguard competition in the private and public sector, to the benefit of all consumers and market participants. ...

. Instead, Postgirot applied for a banking license and became a member of Bankgirot in 2002, enabling it to take deposits and carry out transactions with other banks. Following this it was acquired by Nordea and renamed PlusGirot.

External links

* Banks of Sweden Payment clearing systems Postal savings system {{Sweden-company-stub