# Liechtenstein — payment codes and schemes

> Source: https://docs.barcoder.ai/docs/payments/LI
> extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

## 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
1. Invoice contains QR code with payment data
2. Scan with banking app or e-banking
3. Data auto-fills payment form
4. No manual typing of IBAN/reference
5. 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](https://docs.barcoder.ai/docs/payments/LI/swiss-qr-bill) | Invoice QR | QR Code | Universal | [`swiss-qr-bill`](https://docs.barcoder.ai/docs/standards/swiss-qr-bill) |
| [TWINT](https://docs.barcoder.ai/docs/payments/LI/twint) | Mobile QR | QR Code | Active | [`twint`](https://docs.barcoder.ai/docs/standards/twint) |

## Sources

- [SIX Group - QR-bill](https://www.six-group.com/en/products-services/banking-services/billing-and-payments/qr-bill.html)
- [SIX Group - Swiss Payment Standards](https://www.six-group.com/en/products-services/banking-services/payment-standardization/standards/qr-bill.html)
- [Finance.li - QR-bill Replaces Payment Slips](https://finance.li/en/news/qr-bill-replaces-payment-slips/)
- [TWINT - Swiss QR Code Payments](https://www.twint.ch/en/business-customers/our-solutions/bill-via-twint-qr-code/swiss-qr-code/)
- [TWINT - Bill Payments](https://www.twint.ch/en/business-customers/our-solutions/bill-via-twint-qr-code/)
- [TheBanks.eu - Liechtenstein Major Banks](https://thebanks.eu/countries/Liechtenstein/major_banks)
- [TheBanks.eu - LGT Bank](https://thebanks.eu/banks/9875)
- [TheBanks.eu - VP Bank](https://thebanks.eu/banks/9881)
- [Wise - Banks in Liechtenstein](https://wise.com/gb/blog/banks-in-liechtenstein)
- [IG QR-bill v2.3 Specification](https://www.six-group.com/dam/download/banking-services/standardization/qr-bill/ig-qr-bill-v2.3-en.pdf)

## Full country report

[LI-liechtenstein.md](https://docs.barcoder.ai/docs/payments/LI)