The federal government is “pressuring” the banks to extend the cost restrict via IRIS. The Minister of Nationwide Financial system and Finance Kostis Hatzidakis has publicly requested the banks to extend the every day transaction restrict to 1,000 euros from the present 500 euros.
It’s value noting that about 25% of residents are registered with the IRIS instantaneous cost service, which permits them to switch cash immediately and with out cost, utilizing solely the recipient’s cell quantity. As well as, each professionals and non-professionals at the moment are required to just accept funds via IRIS, utilizing their TIN or cell phone.
A major improve within the quantity of transactions within the service got here with the enactment of the duty of pros and merchants to just accept funds via IRIS. And for professionals the advantages are important, as prices are decrease than card transactions.
The bounds
For each of the above instances, the every day restrict at present quantities to a complete of 500 euros. What the Minister of Nationwide Financial system and Finance has requested along with his current statements is to use two distinct limits for these transactions.
The minister requested that as a substitute of a restrict of 500 euros per transaction, there ought to be two 500 euros for transfers to different individuals and one other 500 euros for transfers to professionals, a complete of 1,000 euros. Nonetheless, the difficulty doesn’t appear to be progressing. Which is as a result of must adapt the banks’ infrastructures accordingly, in addition to to take care of attainable weaknesses when it comes to fraud, which, nonetheless, are supported pan-European by the TIPS system of the European Central Financial institution.
In any case, the matter has fallen on the desk and is being mentioned between the banks each throughout the Hellenic Banks Affiliation and DIAS.
A major improve within the quantity of transactions within the service got here with the enactment of the duty of pros and merchants to just accept funds via IRIS. And for professionals the advantages are important, as prices are decrease than card transactions.
It’s recalled that the revenue from commissions, just for systemic banks, reached 477 million euros within the first quarter of the yr, elevated by 13.57%.
Supply: OT
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