IRIS Commerce: Instant Account-to-Account Payment

IRIS Commerce is a new payment solution developed by National Bank of Greece, in collaboration with NBG Pay, to enable instant account-to-account payments at the physical point of sale. Using a dynamic QR code displayed on the POS terminal, customers can pay directly from their account via their mobile banking app –no card or cash required. Transactions are completed in real time, with instant confirmation on the POS and immediate credit to the merchant’s account. With IRIS Commerce, you can offer your customers a modern, secure, and seamless payment experience.

Why choose IRIS Commerce?

Receive funds directly into your account, with no delays.
Offer your customers a simple and secure payment experience through their mobile banking app.
Activate the service instantly through your existing POS terminal –no new equipment needed.
Fully meet the requirement to accept instant account-to-account payments, as provided for by the applicable legislation (deadline for compliance by 31.10.2025)
Benefit from the trusted expertise and support of National Bank of Greece and NBG Pay.

How does it work in practice?

On your cash register, select the option to make a card transaction, so the request is sent to your POS terminal.
On the POS terminal, select “IRIS payment” to generate a dynamic QR code.
The customer scans the QR code using the mobile banking app of their preferred bank and authorizes the payment.
The POS terminal immediately displays payment confirmation and prints the receipt.
The payment amount is credited instantly to your account.

How to activate the service

To easily activate the IRIS Commerce service, just log into your Digital Banking app and follow the guided steps to select the business account where payments through IRIS Commerce will be credited.

To activate the service, you need to have:

A valid agreement for accepting, managing and clearing card payment transactions (acquiring business) with NBG Pay and National Bank of Greece
A business account registered with AADE, as required by the applicable legislation

Pricing: See the Bank’s Rates & Charges

Any questions?

I have a partnership with NBG Pay. How do I get the IRIS Commerce service at physical points of sale?

Activating IRIS Commerce is quick and easy. Simply visit the NBG website, log in using your Digital Banking credentials, follow the guided steps to select the business account you wish to use, and accept the service’s terms of use.

I have already activated the IRIS P2B service. Can I also join IRIS Commerce?

Yes. IRIS Commerce is a separate account-to-account instant payment channel on your POS terminal that requires activation through LINK.

Is there an amount limit on IRIS Commerce payments?

No. Unlike IRIS P2B, there is no product-level limit for either the merchant or the payer. However, payer-specific transaction limits may apply for their own security and protection.

Do I need a new POS?

No. You only need a compatible POS terminal that supports dynamic IRIS QR codes via NBG Pay. If you have a Mellon or EDPS terminal, it will be upgraded to support the service. For the best user experience, we recommend an EDPS Retail Android terminal, which can display the QR code directly on the screen. If you use a different Network Service Provider (NSP), please contact them for further information or specific instructions.

When is the amount credited to my bank account?

Immediately, upon successful confirmation of the transaction at the POS.