IRIS

Previously, the cumulative daily transfer limit stood at 500 euros.

The Minister of National economy and Finance, Kostis Hatzidakis, highlighted that the IRIS system is a priority, stating that 3.3 million IBANs are already connected with IRIS.

It should be noted that there is a daily 500 euros transaction limit via IRIS per customer with this limit not applying to the total payments a professional can receive in a 24-hour period.

Inter-bank direct payment system, via mostly smartphones, now obligatory for certain castes of occupations; 34 million transactions so far in 2024

Linking to the service via mobile phone or PC, a process that lasts a few minutes and requires minimal clicks, professionals receive instant payments from their customers and clients.

Greece’s independent tax bureau, AADE, announced the two-day deadline extension this week, given that the previous deadline of Aug. 31 fell on a Saturday

Hatzidakis notes a significant increase in recorded transactions with professionals having gone up by 300% compared to 2022.

Plumbers, doctors, lawyers, taxi operators, merchants, car repair shops and kiosks must provide customers with the ability to pay via their mobile phones

Self-employed professionals will be obligated to accept instant payments through the IRIS service as of Jan. 1, 2024, in addition to bank card payments, according to a provision in a draft bill tabled in Parliament this week. The IRIS System The IRIS system is an alternative for online web banking transactions, allowing users to send […]