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Iris: Mandatory From November 1st – Fines of up to 20,000 Euros for Those Who Do Not Connect

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Transactions are made instantly, without commissions, and it is expanding across Europe in 2026

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Transactions are made instantly, without commissions, and it is expanding across Europe in 2026

From November 1, all businesses in the country will be required to accept payments via IRIS, either via POS or with a QR code that the customer will scan with the application of the bank they use.

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News 247 broke the news in on Tuesday, October 7, 2025.
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