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NBO

RTGS

Norges Bank's settlement system

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether NBO is running normally.

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Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for NBO.

ClearingPost holds sourced upcoming items for 10 of 150 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Changed

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

No substantive change recorded for NBO in ClearingPost's change records.

The full activity log for this system, including context notes, is on the Changes page.

Sources ClearingPost reads Norges Bank · Authoritative (T1) · 6 of 14 fields carry a source and a recorded date · latest sourced entry recorded 27 Aug 2026 · evidence details ↓

Record · NBO

Country
Norway (NO)
Currency
Norwegian Krone (NOK)
Operator
Norges Bank
Type
RTGS
Operating Window
04:00–16:00 UTC · Mon–Fri
Year Established
1999
Tier?
Tier 2
ISO 20022?
Migrated
Region
Nordics
Settlement Type?
Gross
Participants
~95 banks (7 Group A1, 12 Group A2, 76 Group B) (2026)
Avg Daily Transactions
13,577 (2025)
Avg Daily Value
NOK 359B (2025)
Notes

Norges Bank Financial Infrastructure 2026 report (covering 2025): daily average transactions increased to 13,577 in 2025 (up from 4,595 in 2024), reflecting ISO 20022 migration and discontinuation of SWIFT-format processing through NICS. Daily average turnover NOK 359B (2025). 103 banks and financial institutions held NBO accounts at year-end 2025 (down from 112 in 2024). Operations in 2025 were stable without material disruptions. Next-generation settlement system will consist of NBO RTGS (standing facilities and interbank settlement) and NBO INST (instant payments). Work on T2 platform participation ongoing; decision basis expected in the course of 2026. TIPS adoption for NBO INST requires more comprehensive adaptations than previously assumed; progress plan being revised with ECB.

Norges Bank official website →
Reference Sources
Norges Bank
Authoritative (T1)Entry recorded Mar 11, 2026
Status →Operating Schedule →Rules →Fees →
See all RTGS systems →See all systems in Norway →ISO 20022 migration status →Payment rails by country →
Products on this rail
BankAxept POSpos debit
BankAxept AS (Bits AS / Nets / Nexi Group)
Other systems in the same country or region
NICSACH
Norway · NOK · Bits AS
RIXRTGS
Sweden · SEK · Sveriges Riksbank
BankgirotACH
Sweden · SEK · Bankgirot
Kronos2RTGS
Denmark · DKK · Danmarks Nationalbank
BoF-RTGSRTGS
Finland · EUR · Bank of Finland / ECB T2
BiR (Betalningar i Realtid)FPS
Sweden · SEK · Bankgirot

Operations · NBO

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Intelligence for NBO (4)

Coverage whose headline or summary names NBO, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the NBO operator or external.

AnalysisMar 12, 2026Headline names “NBO”
Norway Weighs Joining the Eurosystem's T2: What NBO Modernisation Means for Nordic Payments
Norges Bank is in formal discussions with the ECB about migrating Norway's settlement system to the Eurosystem's T2 platform. The decision, expected in 2026, would make Norway the first non-EU country to settle its domestic currency on T2 infrastructure alongside Denmark's krone. Here is what is at stake.
External source · ECB
AnalysisMar 11, 2026Summary names “NBO”
How the Nordics Are Rewiring Payment Infrastructure: P27 Pivot, Bankgirot Sunset, and the TIPS Question
Timeline: NBO INST - the new instant payment service - is planned for the first half of 2028. It will enable Norwegian participants to settle instant payments in NOK via the Eurosystem's TIPS platform, 24/7 in central bank money.
External source · Riksbank
AnalysisMar 5, 2026Summary names “NBO”
Nordic Payment Infrastructure: A Comparative Overview
Norway, Sweden, Denmark, and Finland each have distinct payment infrastructure. Here's how NBO, RIX, Kronos2, NICS, Bankgirot, BankAxept, Dankort, Vipps, and Swish compare.
Operator source · Norges Bank
NewsNov 20, 2025Headline names “NBO”
Norway Signs TIPS Agreement and Completes ISO 20022 Migration for NBO Settlement
The TIPS agreement enables Norwegian instant payments to settle in central bank money via the pan-European platform.
Operator source · Norges Bank

Wider coverage that mentions NBO (3)

These articles mention NBO in their text but not in their headline or summary, so they are listed as context rather than as NBO intelligence.

AnalysisMar 17, 2026Text mentions “NBO”
Norway's Retail Payment Landscape Shifts: BankAxept Loses Majority as Mobile and International Schemes Surge
The report recommends expanding BankAxept's backup payment solutions beyond their current one-week operational capacity, and establishing independent contingency infrastructure for core banking system operations.
Operator source · Norges Bank
AnalysisMar 13, 2026Text mentions “NBO”
How TIPS Is Becoming the Nordic Settlement Platform: Multi-Currency Instant Payments from Stockholm to Reykjavik
The ECB's TIPS platform processed 1.35 billion transactions in 2024 - a 402% surge - with Swedish kronor accounting for over half the volume. Denmark joined in April 2025, Norway has signed on for 2028, and Iceland is exploring entry. Combined with the TIPS X-CCY cross-currency service, the Nordics are notable converging on a single instant payment settlement layer.
External source · ECB
AnalysisMar 13, 2026Text mentions “NBO”
Nordic Instant Payment Divergence: Four Countries, Four Strategies for Real-Time Settlement
Despite sharing similar cashless economies and deep financial integration, the four major Nordic countries have taken remarkably different paths to instant payments. Sweden lags behind its neighbours, Denmark has joined the Eurosystem's TIPS, Norway is weighing the same move, and Finland settled on Siirto. A comparative analysis of where each stands and why it matters.
Operator source · Norges Bank
Not listed here: 1 tagged article that does not mention NBO. All coverage is in Insights.