From the November 1, 2025, a new provision of the draft law enters into force Ministry of National Economy and Finance for the Capital Market, which brings significant changes to the way electronic payments are made.
What does the new regulation provide?
According to the provision, all legal entities, including the electronic stores (e-shops), are required to accept payments through the IRIS direct payment system. The regulation concerns transactions with consumers acting outside the scope of professional or business activity.
This means that every business – physical or electronic – must offers mandatory the IRIS system as a payment option, alongside other payment methods such as cards or cash.
What is the IRIS system?
The IRIS Payments is a direct payment system supported by Greek banks. It enables consumers to make payments in real time, through their mobile banking app, without using a card or IBAN, simply with your mobile number or by scanning a QR code.
Payment is easy: the consumer passes their mobile phone over the POS or scans the QR code, and the transaction is completed. in a few seconds.
What should businesses do?
To comply with the new framework, businesses must take the following measures:
- Direct communication with the POS or ePOS provider
Request information about IRIS payment support and proceed to software upgrade of your terminal devices. It is noted that no equipment change required, but only updating the existing software. - Integrating IRIS into your e-shop
Contact your e-shop's technical team or platform provider (Magento, WooCommerce, Shopify, etc.) to add IRIS payment functionality to your checkout. This feature should also be available for online shopping but also for physical points of sale (if any). - Staff and customer information
Train your staff on the use of the new feature and inform your customers about the convenience and security of IRIS payments.
Why is it important?
The integration of IRIS Payments:
- Speeds up transactions
- Reduces payment processing costs
- Offers flexibility to consumers
- Contributes to the digital transformation of businesses
Compliance with the new regulation is mandatory from November 1, 2025 and is expected to be reviewed by the competent authorities.
Conclusion
The transition to IRIS direct payments is not only legal obligation, but also a opportunity for modernization for every business. Ensure timely implementation of the required changes so that you can continue to provide modern, secure and efficient services to your customers.
In the Fixit.gr, experienced developers can guide and orient online store owners to improve the areas that are showing rapid growth in the e-commerce sector. Whether it has to do with implementing AI in commerce or creating a quickly responsive website, the Fixit.gr team is there to help every business achieve its realistic goals — including full compliance with the new IRIS payments framework.
