The Piraeus Bank gives its customers who use the IRIS Payments service the ability to transfer money abroad free of charge and instantly, through the EuroPA (European Payments Alliance) network.
EuroPA interconnects national instant account-to-account payment solutions, such as IRIS Payments in Greece, MB WAY in Portugal, Bizum in Spain and BANCOMAT Pay in Italy and Andorra, with the aim of creating a unified European payments ecosystem.
Piraeus retail customers who are registered with the IRIS payments service can now send and receive money instantly and free of charge to and from users abroad, initially in Spain, Portugal, Italy and Andorra, using only the recipient's mobile phone number, just as they send money within Greece.
The EuroPA network is gradually expanding with the inclusion of other national payment solutions from many different countries within SEPA so that Piraeus customers will in future have the ability to carry out instant and free exchange of money using a mobile phone in 18 countries.
With its participation in EuroPA, Piraeus confirms its leading role in digital payments, offering innovative, instant and secure services that facilitate its customers' daily transactions in Greece and Europe, the bank emphasizes in its announcement.