IRIS

The measure comes after a finance ministry decision last month eliminating or reducing many of the online fees, and after repeated warnings by the Mitsotakis government to bank managements

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 […]