Greece’s Ministry of National Economy and Finance announced a package of changes around the IRIS instant payments system operated by DIAS, including higher transaction limits for individuals and payments to professionals, and mandatory IRIS acceptance at point of sale via QR code. By end-2025, the daily limit will increase from EUR 500 to EUR 1,000 for both person-to-person (P2P) transfers and payments to freelancers and sole proprietors (P2B), under an agreement between banks and DIAS. P2P transfers will also be subject to a EUR 5,000 monthly cumulative cap, while commercial transactions will continue under a no-limit regime. IRIS Payments integration into POS via QR code will be required from 1 November, with the forthcoming Customs Code expected to set consequences for non-implementation; the minister also indicated that IRIS will soon join the multi-country “Europa Project”, taking the combined user base to around 105 million, and cited tax authority data linking higher electronic payments in 2024 to lower cash usage and an estimated EUR 388 million additional VAT revenue.
Ministry of National Economy and Finance (Greece)2025-06-11
Greece’s Ministry of National Economy and Finance to double IRIS instant payment limits to EUR 1,000 and mandate QR code POS acceptance from 1 November
Greece's Ministry of National Economy and Finance announced enhancements to the IRIS instant payments system, including increased transaction limits and mandatory QR code acceptance at points of sale. By end-2025, daily limits for person-to-person and professional payments will rise to EUR 1,000, with a EUR 5,000 monthly cap on P2P transfers. The IRIS system will join the "Europa Project," expanding its user base to about 105 million, with tax data indicating increased electronic payments could boost VAT revenue by EUR 388 million.