Payments/LI
Liechtenstein
ISO LI · 2 schemes
Summary
- Swiss QR-bill is the standard for invoicing (shared with Switzerland)
- TWINT integration for QR bill payments
- LGT Bank dominates with 62.36% market share (Princely family)
- CHF 484 billion client assets managed
- Highly concentrated: Top 3 banks hold 92%
Banking landscape
Financial Authority
- Name: Financial Market Authority Liechtenstein (FMA)
- Website: https://www.fma-li.li/
- Role: Banking supervision (uses CHF, no central bank)
Major Banks (2024)
| Rank | Bank Name | Total Assets (CHF M) | Market Share | Owner |
|---|---|---|---|---|
| 1 | LGT Bank AG | 61,293 | 62.36% | Princely House of Liechtenstein |
| 2 | Liechtensteinische Landesbank (LLB) | 18,418 | 18.74% | State of Liechtenstein |
| 3 | VP Bank AG | 10,636 | 10.82% | Public (listed) |
Market Structure
- Highly Concentrated: HHI 0.44, top 3 = 92%
- 11 Banks Total: End of 2024
- Private Banking Focus: CHF 484 billion AUM
- Domestic Ownership: All three major banks
Unique Ownership
- LGT: Princely House (royal family) owned
- LLB: State of Liechtenstein majority
- VP Bank: Publicly traded
Payment infrastructure
Payment Systems
| System | Status | Notes |
|---|---|---|
| Swiss Payment Standards | Active | Shared with Switzerland |
| SIC (Swiss Interbank Clearing) | Active | CHF payments |
| Swiss QR-bill | Active | Invoice standard |
| TWINT | Active | Mobile QR payments |
Swiss Integration
- Uses Swiss Franc (CHF)
- Participates in Swiss payment infrastructure
- No separate Liechtenstein systems
- Banks connected to SIX Group
SEPA Participation
- EEA member (non-EU)
- SEPA Credit Transfer available
- EUR accounts offered
- Cross-border EUR payments
QR code standards
Swiss QR-bill (Primary Standard)
| Attribute | Value |
|---|---|
| Standard Name | Swiss QR-bill |
| Operator | SIX Group |
| Coverage | Switzerland and Liechtenstein |
| Version | IG QR-bill v2.3 (since Jan 2024) |
Swiss QR-bill Features
- Standard for written invoicing in CH and LI
- White cross in black square identifies QR code
- All payment data in digital QR format
- Supported currencies: CHF and EUR
- Only CH/LI IBANs supported
Version 2.3 Updates (January 2024)
- Online layout rules (Chapter 3.8)
- Billing information field printing (Chapter 4.3.3)
- Structured address sole support (November 2025)
- Additional umlauts and special characters
How Swiss QR-bill Works
- Invoice contains QR code with payment data
- Scan with banking app or e-banking
- Data auto-fills payment form
- No manual typing of IBAN/reference
- Confirm and submit payment
TWINT QR Integration
| Attribute | Value |
|---|---|
| Type | Mobile payment app |
| QR Support | Swiss QR-bill compatible |
| Operator | TWINT AG |
| Status | Most used mobile payment in CH |
TWINT QR Features
- Scan Swiss QR code on bills
- Pay with TWINT app
- Settlement in 1-2 days
- Works at POS and for invoices
- P2P transfers
Mobile payment apps
| App Name | Bank | Swiss QR-bill | TWINT | SEPA |
|---|---|---|---|---|
| LGT SmartBanking | LGT Bank | Yes | Yes | Yes |
| LLB Mobile | LLB | Yes | Yes | Yes |
| VP Bank Mobile | VP Bank | Yes | Yes | Yes |
Banking App Features
- Swiss QR-bill scanning
- TWINT integration
- Multi-currency (CHF, EUR)
- Private banking focus
- Strong security
Digital Banking
- All major banks offer mobile apps
- QR code scanning for invoices
- Modern interfaces
- Wealth management integration
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| Swiss QR-bill | Invoice QR | QR Code | Universal | swiss-qr-bill |
| TWINT | Mobile QR | QR Code | Active | twint |
Sources
- SIX Group - QR-bill
- SIX Group - Swiss Payment Standards
- Finance.li - QR-bill Replaces Payment Slips
- TWINT - Swiss QR Code Payments
- TWINT - Bill Payments
- TheBanks.eu - Liechtenstein Major Banks
- TheBanks.eu - LGT Bank
- TheBanks.eu - VP Bank
- Wise - Banks in Liechtenstein
- IG QR-bill v2.3 Specification
Full country report
Schemes
Standards
Primary · 1
Mentioned · 2