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The P20 held its Atlanta launch party on Feb. 26 at the offices of its premier sponsor, Holland & Knight.

March 1, 2018 | By John Disney

The P20 held its Atlanta launch party on Feb. 26 at the offices of its premier sponsor, Holland & Knight.

Designed to be the “Davos of Payments,” the P20 was created by the American Transaction Processors Coalition—also sponsored and housed within Holland & Knight Atlanta—to gather the primary executives, political and regulatory leaders from both the U.S. and U.K. to advance and support payments worldwide, the group said in a release.

Atlanta is the payments capital of the U.S., processing 75% of $7.4 trillion in annual payments, and London is the payments capital of Europe, the group said. Working together, the goal of the P20 is to develop universal rules and regulations for the payments industry.