Transactions processed via DIAS S.A. in 2021 reached a historic high of 330 million, corresponding to an annual increase of 13%. In terms of value, the transactions reached €344 billion, which is double the country’s GDP of 2020 and constitutes the Company’s record throughout the 32 years of the domestic Payment System’s operation.

More particularly, 85.5% of the transactions processed in the previous year via DIAS are credit transfers, including Bank to Bank money transfers (increased by 24%), instant credit transfers (increased by 65%), fund collection transactions (increased by 12%) and payments (increased by 9.7%) of public entities and private businesses.

Payments of businesses/organizations correspond to 31.1% of the transactions processed through DIAS in 2021. These payments concern mainly payments of the public sector, such as public servants’ payrolls, pensions, benefits. It should be noted that payments of private entities increased by 89% compared to these of 2020.

RF/QR payment code transactions

The RF/QR payment code has been adopted by more than the 75% of the organizations connected to the interbank DIAS Payment System. An indicative list of the type of entities of both the private and public sectors that use the RF/QR payment code includes tax authorities (using it to collect taxes such as circulation taxes), social security institutions, companies in the energy and telecommunications sector, insurance and pharmaceutical companies, companies offering mailing services, businesses in the car industry, private educational institutions, retail companies in electronics, clothing, make-up companies etc. Several large public organizations and private companies have planned to adopt the RF/QR payment code in 2022, resulting to the facilitation and improvement of the transaction process in favor of both people and businesses.

Transactions via IRIS

In 2021 the payment service “IRIS online payments” was significantly developed. The service is offered by DIAS in cooperation with credit institutions and Payment Service Providers aiming to further improve the transactional rapidity and security. The category of the IRIS products includes instant money transfers to friends (IRIS P2P) as well as payments in e-shops (IRIS e-commerce) that were rapidly developed, reaching growth rates of 140% and 75% respectively.

You may find further information on the DIAS Payment System’s statistical data by following the link.