Of Chrysostom Chufi

More than 1/3 Greeks are now active users of the IRIS direct payment system, the use of which in our country runs with … broken brakes.

According to DIAS SA data In the first quarter of the year, registered users of the system reached 3.64m. increased by 46.7% or 1.16m. compared to the corresponding period last year.

2,392 users on the day were signed in January-March. A total of 213,355.

Transactions at the same time almost doubled. From 8.83m. They were launched at € 17.52m, an increase of 98.3%. Their value increased by € 1.8 to € 3.7bn !!

Very encouraging the elements from the… front of freelancers. Doubles (+112.1%) for users at approximately 563,000 and overflow (+411%) for transactions at 379,348.

And the glory field is brilliant …

Initially within the next 20 days, the decision of DIAS SA’s Board of Directors to increase the daily transaction threshold using the IRIS system will be practiced. Of the € 500 for all transactions, the new system provides for 2 distinct limits that are expected to facilitate and increase its use:

  • IRIS P2P: Limit € 500 daily for direct money transfers between friends.
  • IRIS P2B: Limit € 500 daily for direct payments to freelancers/ individual businesses.

In addition to November 1, IRIS will extend to the whole market. Every kind of business will be obliged to offer its customers to pay through the system. At the moment, only freelancers are obliged. Indeed, this obligation will not exclude e -commerce either. Even the smallest e-shop should also receive IRIS payments from November 1.

An evolution that will significantly enhance the security of electronic transactions because IRIS payment will not require the consumer to type their card details and does not finally require the three -digit number on the back of the card. The payment will be made directly through the customer’s bank by filling in the code sent to his mobile alone.

In addition, the business world will not be burdened. This is because you do not need any particular interconnection process or anything else that will disturb the operation of businesses or supply of device or material.
All you need is a software upgrade to existing POS to have the interconnection with AADE.

Before paying the employee or trader will ask the customer if he wants to pay by card or via IRIS. The professional will be motivated to ask this question why the IRIS system has much lower supplies for professionals. Since the customer chooses the Iris, all it has to do is pass the mobile over the POS, as is the case now.