QR-bill to be launched in Switzerland

Wednesday 10 June 2020 11:00 CET | News

Switzerland has announced it will introduce QR-bill payments from June 30, 2020.

By the end of June 2020, invoice recipients will be receiving their first QR-bills instead of the traditional payment slips. The QR-bill can be recognised by the Swiss QR Code, which contains all the information needed for an automatic payment.

According to Fintech News, the QR-bill will be replacing the current payment slips on a gradual basis, which means that consumers and companies can, until further notice, make payments using either the traditional payment slips or the new QR-bill.

The QR-bill comprises a payment section and a receipt. The QR-bill was developed by SIX in collaboration with banks and software partners and in consultation with representatives from the corporate world and private customers. 

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Keywords: OR-bill, Switzerland, QR, payments , invoice, SIX, banks, software
Categories: Banking & Fintech
Countries: Switzerland
This article is part of category

Banking & Fintech