What is IRIS Online Payments?
IRIS Online Payments is a Greek digital payment platform that facilitates secure transactions for businesses and individuals. Managed by DIAS S.A. and supported by major Greek banks, IRIS enables real-time payments, money transfers, and bill payments using mobile numbers or tax IDs. It is designed to streamline payments for e-commerce, utility bills, and government services without sharing sensitive banking information. IRIS supports both app-based and web-based solutions and complies with European security standards. Its integration with multiple Greek banks and automation options offer flexibility for various commercial needs. The service is primarily focused on the Greek market, with Euros (EUR) as the main currency supported.
How to use IRIS Online Payments?
- Register with a participating Greek bank’s online or mobile banking service.
- Select IRIS Online Payments as your payment or transfer option.
- Enter the recipient’s mobile number or tax ID.
- Input the payment amount and confirm details.
- Authorize and complete the transaction.
- Both sender and recipient receive instant confirmation.
The pro's of using IRIS Online Payments
- Enables real-time, 24/7 instant transfers between participating banks.
- Avoids sharing sensitive account details; uses mobile number or tax ID.
- Strong security measures aligned with European financial regulations.
- Simple integration for businesses, especially Greek e-commerce platforms.
- No need for physical cards or additional hardware.
The con's of using IRIS Online Payments
- Primarily available only to users with accounts at Greek banks.
- Supports only transactions in Euros (EUR).
- Limited usefulness for international payments and users outside Greece.
- Not as widely recognized as global payment platforms like PayPal or Wise.
- Business onboarding may require technical integration and approval.
