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bank giro |
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Since its foundation in 1986, KFTC has continued to play an important role in the efficient operations of payments systems such as Check Clearing and Bank Giro systems and in the development of an innovative electronic funds transfer mechanisms in Korea. The European Commission has approved Nordea's acquisition of Postgirot Bank -- Customers of Nordea and Postgirot will gain from more effective payments and cash management services, as well as from Nordea's broad range of financial products and services -- Nordea contributes to promoting competition in the payments market, and reduces ownership in Bankgirot to 10% -- Nordea's customers still have full freedom of choice between the bank giro and postal giro systems |
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