European PayTech Nexi has broadened its agreement with local and nationwide banks in Denmark to provide SEPA Direct Debit (SDD) services, deepening the country’s integration with the European payments infrastructure.
Nexi Group has announced an expanded agreement with local and country-wide banks in Denmark to deliver SEPA Direct Debit services, giving Danish financial institutions stronger access to the broader European payment ecosystem. Under the deal, Nexi will supply the infrastructure and operational services needed to process SDD collections, allowing participating banks to manage their involvement in the SEPA scheme through Nexi’s established payment rails.
SEPA (the Single Euro Payments Area) – is a harmonized zone where euro payments move under one common rulebook. Unlike SWIFT, SEPA payments do not need multiple correspondent banks to relay the funds through a chain of intermediaries. The money typically goes directly from the sending bank to the receiving bank via SEPA clearing and settlement systems.
For individuals, this means you can pay rent, send money to family, or move funds between your accounts across the euro area with the same ease as a local transfer. For businesses, it means one standard for paying suppliers, collecting from customers, and managing cash across Europe.
Therefore, the expanded partnership gives Danish banks access to scalable, cross-border payment infrastructure connected to European clearing systems — a move seen as critical as real-time payments, open banking integration, and pan-European payment interoperability continue to reshape the financial services landscape.
Christian Segersven, Chief Business Officer, Issuing Solutions at Nexi Group, said: “Payments today are part of a broader ecosystem spanning schemes, infrastructure and digital platforms. We are committed to helping banks navigate the rapidly evolving payments landscape and through our collaboration we are providing Danish banks with an infrastructure which integrates with their existing payment environment and helps them remain relevant and competitive across their full payment ecosystem.”
Søren Nicolaisen, CEO of National Banks and BOKIS, highlighted: “This agreement ensures that participating Danish banks get access to a scalable and future-proof international infrastructure that enables the exchange of payments among countries within the SEPA landscape in a secure and stable way which, in turn, will strengthen their services and competitiveness.”
Mads Rasmussen, Head of Development at the Association of Local Banks, Savings Banks and Cooperative Banks in Denmark, added: “The solution enables customers of local financial institutions to access an international infrastructure and exchange transactions in Euro across borders in a simple and seamless way.”
The expanded agreement builds on an existing relationship between Nexi and Danish banks that already covers card and payment services, including support for international card transactions and Denmark’s domestic scheme, Dankort, which is widely used locally and often co-branded with global schemes like Visa, so supporting it is essential for everyday payments in Denmark.
BOKIS, the customer-owned cooperative behind the deal, represents a membership base that includes AL Sydbank, Nykredit, and the Association of Local Banks, collectively accounting for around 45% of total transaction volumes in Denmark. The organization is a key but relatively behind-the-scenes player in Denmark’s payments landscape. Its main role is to coordinate shared payment infrastructure and services on behalf of its members, allowing them to pool resources rather than each bank building everything independently.
BOKIS acts as a central organizer and negotiator for payment-related services with providers like Nexi. Because BOKIS represents nearly half of Denmark’s payment flows, any agreement it signs has system-wide impact. Therefore, the new agreement positions Danish banks to remain competitive in an increasingly unified European digital payments environment.
