The QR-bill will be introduced to Switzerland and Liechtenstein on June 30th. It aims to make e-banking and mobile banking payments easier. The QR-bill will gradually replace the current payment slips.
According to a press release from the Liechtenstein Bankers Association, banks in Liechtenstein have adapted their systems to process QR-bills. From the end of the month onwards, bill recipients will receive bills with a QR code instead of the previously used payment slips. The QR code contains all of the relevant information for payment.
The new payment method will gradually replace the current payment slips, the Liechtenstein Bankers Association states in the press release. The new QR-bill can also be used for payments at the post office or can be forwarded to their main bank for payment.
The press release explains that the QR-bill is above all extremely advantageous for those who use e-banking or mobile banking on their smartphone, adding that “scanning the QR code and a few clicks” are all that is needed to release a payment in future. This means that bank details and reference numbers no longer need to be typed out, which is tedious and prone to errors.