Discontinuation of Payment Slips – Switch to QR-Bill Picks Up Speed

Discontinuation of Payment Slips – Switch to QR-Bill Picks Up Speed

As of September 30, 2022, payments will no longer be possible in Switzerland using the red and orange payment slips. Already today, around two thirds of all Swiss companies are planning to complete the switch to QR-bill on time.

According to the latest survey results (as of October 2021) from the research institute gfs.bern, 38% of all Swiss companies are already able to issue QR-bills or eBill invoices. A further 25% are planning to introduce QR-bill in a timely manner by 30 September 2022. From then on, payments will no longer be possible in Switzerland using the red and orange payment slips. 17 percent of companies are not making the switch because, for example, they issue invoices payable by credit transfers using an IBAN (i.e. without a payment slip). For just under one fifth of companies, there is still a need for action.

Micro-companies and companies from French-speaking Switzerland are somewhat less advanced in their switchover plan. In both cases, a slightly higher proportion of respondents cannot state by when they plan to make the switchover.

When Will Payments with Payment Slips No Longer Be Possible?

PostFinance is taking the payment slip off the market as of September 30, 2022. As an invoice issuer, you should therefore switch over your accounts payable and accounts receivable accounting and your payment transactions at an early stage.

However, invoice recipients can already reap the benefits of QR-bill and eBill today and pay digitally. Swiss financial institutions have adapted their mobile banking and e-banking solutions accordingly so that invoice recipients can conveniently scan and pay their QR-bills – regardless of whether they are private individuals or companies. Furthermore, the QR-bill can also be used at a post office counter or at an ATM for independent invoice payment, and it can be sent to the bank as a payment instruction in an envelope. eBill goes significantly further and already enables seamless digital payments in Switzerland.

Swiss payment transactions are being harmonized and modernized continuously. This will ensure Switzerland can comply with upcoming market requirements. Like eBill, QR-bill takes account of the increased requirements in relation to compliance and automation processes and supports digitalization.

For more information, visit einfach-zahlen.ch.


QR-Bill Is Part of Everyday Life

In a study from May 2021, gfs.bern already showed that the majority of Swiss companies are aware that they have to make the switch. This figure has since increased slightly from 93% to 94%. The awareness of the last possible switchover date has also developed positively over the same period. Whereas less than half of the CFOs surveyed in May 2021 were still able to name this date correctly, the figure is now 81%. This means that the chances are good that all companies will switch to QR-bill or eBill on time.

The most recent survey also shows that QR-bill has become part of everyday life and is winning people over: Most of those who have already made the switch have had good experiences with it. A clear majority are satisfied with the use of QR-bill. Seventy-two percent are very or somewhat satisfied, and only 4% are very or somewhat dissatisfied. Even if the level of satisfaction drops slightly with increased usage, only very few companies seem to have regretted the switch.

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