Electronic signing made as easy as digital payments thanks to Swisscom Sign
Throughout Switzerland, contracts and other important documents can now be signed electronically from the My Swisscom app on a smartphone. Called Swisscom Sign, this new feature is available free of charge to everyone for private use, whether or not they are already a Swisscom customer. With the development, Swisscom has facilitated the transition from analogue to digital communication and smoothed the way for digital business and official processes.
The long-awaited electronic signing facility is now available to the Swiss public directly in the My Swisscom app under Swisscom Sign. Everything is fully digital, from AI-assisted identification to the qualified electronic signature. The only requirements are a smartphone, the My Swisscom app and a biometric passport or ID to complete the one-time registration.
Anyone who receives a paper document for signing also has the option of scanning the document with the My Swisscom app and signing it directly with Swisscom Sign. The signed document can then be shared with the contract parties by e-mail or using other communications applications. If additional signatures are required, others can also be invited to sign via Swisscom Sign. All signed documents will be deleted automatically after 30 days.
Legally equivalent to a handwritten signature
Swisscom Sign is based on the qualified electronic signature (QES), which, under Swiss law, is considered equivalent to a handwritten signature. This means that documents that require a handwritten signature can now be signed electronically from anywhere 24/7 on the My Swisscom app. This ncludes lease agreements, employment contracts, commercial register documents or even bank documents. Only in cases where the documents require notarisation or to be written by hand would this fully digital option still not be possible.
Free for private use
The electronic signature is free for private purposes, such as electronic administrative procedures, in connection with schools or other child-care settings, or for non-profit-making association activities. Anyone receiving a document for signature without a prepaid reply envelope can thus even save on the return postage with Swisscom Sign. If required for business purposes, each signature costs CHF 2.40. In the coming months, Swisscom Sign will also have offers for companies for the digitisation and straightforward management of signature processes.
Switzerland is lagging behind other countries in the digitisation of business and official processes. A straightforward, widely accepted qualified electronic signature is an essential requirement for a successful transition from analogue to digital communication. With Swisscom Sign, Swisscom is plugging this analogue gap in everyday processes, making administrative procedures easier, faster and more secure. Electronic signing not only speeds up business processes and saves on transportation resources and paper, but it also protects the signed document from tampering, offering a secure alternative to the handwritten signature.
Moreover, an electronically signed document can be uploaded to validator.ch (a Swiss government website) and checked free of charge to ensure that the qualified electronic signature is valid under Swiss law.
Swisscom AG published this content on 12 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2023 08:06:06 UTC.
Swisscom AG is Switzerland's leading telecommunications operator. Net sales break down by activity as follows:
- fixed and mobile telecommunications services (67.5%): fixed and mobile telephony, data transmission, Internet access, TV and radio broadcasting services, etc.;
- realization, maintenance and operation of communication infrastructures (10.8%);
- interconnection services (8%): for telecommunications operators;
- sale of fixed and mobile telephones (7.2%);
- other (6.5%).
Net sales break down by market between private customers (50.8%), business customers (41.5%) and telecoms operators (7.7%).
Net sales are distributed geographically as follows: Switzerland (75.8%) and Italy (24.2%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.