Around 1.27 billion payment transactions with a total volume of CHF 8.09 trillion were processed in Switzerland in 2021. This is equivalent to more than ten times the country’s gross domestic product. Over the coming years this figure will continue to grow, as all common forms of invoicing in the country have seen an increasing number of transactions in recent years. There is thus also a growing need for automated, digital, and sustainable forms of invoicing.
The use of eBill clearly reflects this trend. eBill is the only end-to-end digital form of invoicing in Switzerland. Between 2020 and 2021, transactions via eBill increased by around 27% to more than 50 million. As such, 83% of all payments were triggered electronically in 2021 and over 4,000 companies are already using eBill to issue invoices. More than 2.7 million users were registered with eBill as of the end of 2022, and a representative survey shows that seven out of ten participants use the solution to pay invoices.
In addition to automation and digitalization, sustainability is another key issue driving this development. Using eBill can reduce CO2 emissions by around 82% compared to paper-based invoices. By 2028, 80% of all invoices in Switzerland are expected to be processed with eBill. According to an analysis by carbon-connect AG. This may reduce emissions by up to 66%.
In the context of this change, the QR-bill ensures that previous manual and analog invoicing forms and needs also remain possible.
Extensive current facts and figures as well as further future scenarios, for example in the context of open billing and decentralized finance (DeFi), can be found in the white paper.
Please do not hesitate to contact Julian Chan.