Switzerland's payment landscape was modernized in June 2020 when the QR-bill system officially replaced the traditional orange and red payment slips. This transition was completed by September 30, 2022, making QR-bills mandatory for all Swiss businesses and invoicing. The QR code contains all payment information - including recipient details, amount, and reference numbers - allowing for quick, error-free scanning with banking apps or e-banking systems.
This standardized system aligns with the ISO 20022 payment standard, streamlining financial processes nationwide while reducing manual input errors. For businesses of all sizes, incorporating QR codes on invoices is now an essential compliance requirement that also offers significant efficiency improvements for both payers and recipients.
You can learn more about the Swiss QR Code Bill here.