Implementation plan

Gradual, consistent implementation

PostFinance was the first financial institution in Switzerland to offer products for the new credit transfer scheme in accordance with ISO 20022. We will now gradually implement additional functions. The introduction of the new QR bill will be the last stage in the process, as the new messages for credit transfers and notifications are a prerequisite for this.

Timetable for migration at PostFinance

The following graphs show bank and customer migration and the many factors upon which they are dependent.

Migration of interbank payment transactions

Migration of customer payment transactions

The QR bill will be introduced in the course of 2019.

Modifications to services which are used less frequently

PostFinance is using the migration of payment transactions to avoid transferring formats and product variants which are no longer up to date into the new standard. Affected customers will be informed by PostFinance of the relevant modifications ahead of time.

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