Payment transactions Goodbye payment slips, hello QR-bill.

Orange and red payment slips will be discontinued on 30 September 2022. Switch to the new QR-bill today.

by UBS Insights 07 Apr 2022
Image: Pia Bublies

For years, they have been part of every bill: the orange payment slip with reference number – used by most companies – and its red counterpart, without reference number. Including sub-versions, there were no fewer than seven distinct payment slips in circulation in Switzerland.

This has now changed. Since 30 June 2020, companies are gradually switching to the QR-bill – with the “Swiss QR Code” as central element. This modernization of payment transactions offers many benefits while still allowing payment in the usual ways. Whether via UBS E-Banking, UBS Mobile Banking App or at a branch, we are ready for the switch.

The benefits of QR-bills

Companies have it easier because they will be able to create invoices on normal black-and-white printers. They will only need to use standard perforated paper if they want to send hardcopy invoices, meaning special paper will no longer be required. The QR-bill also offers many benefits to you as a private client:

  • You can scan the QR code quickly and easily with your smartphone: no need to type in the account and reference number any more.
  • All relevant payment information is integrated in the QR code, as well as being clearly printed on the QR payment part.
  • Black on white, bills are easier to read – for the human eye as well as for your smartphone camera.
  • Instead of seven variants, there will be only one QR-bill.
  • It will still be up to you how and when to pay the invoice, whether via UBS Mobile Banking, in UBS E-Banking, at a UBS Multimat in your branch, by post, e.g., with UBS easy, or also at the post office.

Would you like to learn more about the new QR-bill?

Everything about handling QR-bills at UBS at a glance.

Three myths about QR-bills

QR-bills can only be paid digitally.

Not true. You can also pay a QR-bill at a UBS Multimat, at a post office, or using the UBS easy form.

QR-bills can only be paid using a QR-compatible end device.

Not true. QR-bills can also be entered manually in UBS E-Banking.

Existing standing orders will no longer be valid from 1 October 2022.

True. If your billers are still invoicing you using conventional payment slips, ask them for a QR-bill and use it to enter a new standing order in UBS Digital Banking or at a UBS Multimat.

How to pay a QR-bill

You decide how to pay a QR-bill. As a UBS client you have six different options.

  • In the UBS Mobile Banking App – simply scan the bill conveniently anywhere and anytime.
  • In UBS E-Banking – scan it using either a scanner or your computer's built-in camera, or enter it manually.*
  • Enter it using your own payment software and then send it to UBS.
  • Scan it at a UBS Multimat – UBS’s electronic counter.
  • Send it to UBS by mail using the UBS easy payment order form.
  • Pay it in cash or using a payment card at the post office.

*Important: security confirmation in UBS Digital Banking

Pay more easily with eBill

Do you want to go fully digital? With eBill you can send invoices directly to UBS E-Banking and pay them with just a few clicks.

The history of the payment slip

Today, payment slips are used around 800 million times a year in Switzerland. Approximately Around 15 percent of all payment orders are still settled in cash at the post office. Payment slips have a long history in this country going back more than 110 years.

Source: Kulturgeschichte des Geldflusses, Verlag SKV, Zürich

The green payment slip was introduced in 1906. Do you remember it? It remained in use almost unchanged until 1986.

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In 1971, the PTT as it was then called launched the blue payment slip which enabled fully automated payment processing. It was in use for 30 years.

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In 1986, the post office and the banks issued a new common green payment slip.

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The red payment slip can also be scanned; it replaced the final version of the green payment slip in 1998.

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In 2001, the orange payment slip by banks and Postfinance replaced the blue payment slip.

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Under the leadership of SIX Interbank Clearing Ltd, three versions of the QR-bill will be introduced as of 30 June 2020. After a transition period to be determined, they will replace all orange and red payment slips.

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