GiroCode

• Definition: A two-dimensional barcode standardized by the European Payments Council (EPC) for the rapid initiation of SEPA credit transfers. It serves as a convenient digital interface on printed or electronic invoices.
• How it works: The code encodes all payment-related data, such as the recipient’s name, IBAN, amount, and payment reference. When scanned using a mobile banking app, the transfer form is automatically and fully populated. This saves time, simplifies the payment process, and reliably eliminates manual typing errors.
• Technical specifications:
  • Spezification: EPC069-12(opens in new tab)
  • Error correction: Level M (15 %)
  • Character encoding: UTF-8
  • Compatibility: Supported by almost all German financial institutions (e.g., Sparkasse, VR-Banks, DKB) as well as across borders within the SEPA area.

You can also find further information in this YouTube Video(opens in new tab) (7min. EN).