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Generated by AI from the 3 sources below · always verify with the originals
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AI-synthesised from 3 sources · no editorial bias
IRIS, a payment system based in Greece, has launched a new feature that allows users to make instant cross-border money transfers to four European countries—Italy, Spain, Portugal, and Andorra—using only the recipient's mobile phone number. The service, which operates without the need for traditional banking details such as an IBAN, aims to simplify peer-to-peer payments and enhance accessibility for users.
The initiative is part of a broader effort under the European payment cooperation known as EuroPA, designed to facilitate seamless and cost-effective financial transactions across the continent. Users can benefit from these transfers without incurring any fees, marking a significant advancement in digital payment solutions within Europe. This service is expected to encourage increased financial interaction among users in these countries.
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