The DIAS Board of Directors declares shareholder support for IRIS upgrade to European standards

Investment in Security, Usability, and Cost-Efficiency

The upgrade of IRIS focuses on ensuring the values of security, usability, and cost-efficiency for consumers, businesses, and public entities. Through close collaboration with member banks, IRIS continuously adapts to modern market needs, offering secure, fast, and cost-effective transaction solutions.

New Board Decision: Segregation and Expansion of Daily Transaction Limits

In yesterday's Board meeting, aimed at promoting broader usage of IRIS by both consumers and professionals, the following resolutions were made to establish distinct limits for two IRIS products:

  • IRIS P2P: A daily limit of €500 for instant payment transfers between friends.
  • IRIS P2B: A daily limit of €500 for instant payments to freelancers and sole proprietorships.

The technical implementation and activation of these limits are planned for completion within the first half of 2025.

A Vision with a European Footprint

DIAS, in collaboration with banks and under the guidance of the Bank of Greece, is making strides to enhance IRIS in alignment with European operational standards. Strengthening the infrastructure and functionality of IRIS will make it even more user-friendly and accessible for individuals and businesses, while simultaneously boosting the product’s outward focus.

IRIS has already achieved remarkable growth, with transaction values exceeding €6 billion in 2024, marking an over 30-fold increase compared to 2020. This trajectory demonstrates the product's broad acceptance in the Greek market, laying the foundation for its next growth phase, with a goal of universal expansion within the next three years.

Message from the Board of Directors

“Our shareholders' support is a cornerstone of IRIS success. With the cooperation of all stakeholders, we are confident that IRIS will continue to add value to the Greek economy,

meeting the needs of citizens, businesses, and public entities while enhancing the country’s competitiveness at the European level.”

For more information, please contact DIAS S.A. (press@dias.com.gr)