Mr. and Mrs. Swiss also profit from the new payments world

Mr. and Mrs. Swiss also profit from the new payments world

A smooth, reliable processing of payments is of great importance to the functioning of everyday life. The new, modern Swiss payments world is set up to make it even easier for people to make their payments per e-bill, direct debit or credit transfer.

Even if the changeover in the coming years have no major impact on consumers, the following innovations are well worth mentioning.

IBAN

As of the migration date, customary account numbers will no longer be used, only the 21-digit IBAN, e.g. CH18 3004 3123 0007 8901 2.

The new payment slip

Starting mid-2018, a new inpayment slip will be introduced, which shall gradually replace all the currently used slips through mid-2020. If you use a tool to capture inpayment slips (e.g. encoding line reader), you should plan a replacement (e.g. smartphone) that can read both the QR code and the encoding lines.