The daily transaction limit through IRIS is increased from 500 to 1000 euros. This change makes it easier to make large money transfers without additional fees.
The cost of transferring money and payment by an individual is freewhile the individual entrepreneur accepting payments incurs a fee, which, however, is less than when using a debit or credit card.
It is expected that by March next year the use of the system will be expanded to all enterprises. The banks made the corresponding decision on the recommendation of the Ministry of National Economy and Finance. The Ministry is strengthening measures to reduce the cost of interbank transactions using the IRIS tool.
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