IRIS: Direct payments without commission in all physical and online stores as of Nov 1

A important alteration successful the tract of integer payments is coming for consumers with free, instant and unafraid transactions.

In a gathering betwixt the Minister of National Economy and Finance Kyriakos Pierrakakis and the CEO of Interbank Systems, Stavroula Kampouridou, the adjacent steps were discussed so that from November 1, citizens tin marque nonstop payments, without immoderate commission, successful each carnal and online stores.

During his visit to the DIAS offices, Pierrakakis was briefed astir the prospects and the advancement of upgrading the IRIS systems, which has a very strong interaction connected Greek society. Users of nonstop payments betwixt friends (P2P) exceeded 3.7 cardinal (an summation of 45% compared to April 2024), of which 272,000 activated the work successful the archetypal months of 2025.

Since the opening of the year, 22.8 cardinal P2P transactions person been made (an summation of 87.5%), with a value of implicit 1.25 cardinal euros. If these figures see payments to freelancers (P2B) and payments to online stores (IRIS commerce), then a total of 27 cardinal transactions person been made since the opening of the year amounting to 2.6 cardinal euros. March is simply a grounds period for each three IRIS products.

Instant payments are wholly escaped for consumers. For businesses, they are an further outgo method, which offers importantly little fees compared to recognition cards.

27 cardinal transactions successful 4 months

The IRIS system is presently used by 565,000 freelancers, having made implicit 500,000 transactions since the opening of the year. Last year, successful the aforesaid period, they had made lone 100,000 transactions.

The Minister of National Economy and Finance, Kyriakos Pierrakakis, stated: “Greece is changing. The integer aboriginal besides concerns our fiscal transactions, which are becoming simple, modern, accelerated and secure.

The IRIS system is increasing rapidly, with 27 cardinal transactions, within the archetypal 4 months of the year. Without immoderate committee for consumers, with transparency and speed.

We are taking different step towards modernization and enhancing flexibility for citizens and businesses. From November 1, 2025, acceptance of the IRIS system will beryllium mandatory successful each commercialized establishments, some carnal and online. Consumers person the quality to wage for a bully oregon work straight from their account, within seconds, with perfectly nary charge. Businesses person the wealth astir automatically, with a committee little than that of banks.

In addition, the spread of nonstop integer payments is different tool that limits tax evasion and supports equality and tax justice.”