To ensure that payments in Sweden remain efficient and to simplify payments abroad, existing systems are being replaced with new payment infrastructure and a new regulatory framework. Bankgirot, for example, will be replaced by the Nordic initiative P27, which aims to make payments in the Nordic countries smoother. The transition from the old payment infrastructure to the new one is managed by the Swedish Transformation Programme. In addition, the Swedish payment market is planning to change the message format of payments to a new format, ISO 20022. The new format is used internationally and will facilitate the handling of cross-border payments. The Riksbank is also modernising its systems and has launched a new settlement service, RIX-INST (see The Riksbank is modernising its systems).