IRIS Solutions proudly announces the launch of IRISPay, the first mobile app for cardless banking payments in Southeast Europe. This innovative product is designed to offer businesses a modern alternative to traditional card payments, reducing costs, optimizing processes, and improving cash flow.
What is IRISPay?
IRISPay is a groundbreaking application that enables merchants to accept account-to-account (A2A) payments via QR codes without the need for POS terminals or card networks. All transactions are processed within 10 seconds, with funds transferred directly to the merchant's bank account.
IRISPay eliminates costly intermediaries and fees, offering a transaction fee as low as 0.59% and no monthly subscriptions.
Why is IRISPay Different?
For many years, card payments have been dominated by traditional players like Visa and Mastercard, which demand high fees and complex onboarding procedures. IRISPay disrupts this monopoly by providing merchants with the ability to process payments directly through Open Banking technologies.
"It’s time for businesses to have access to fairer and more efficient payment solutions. IRISPay is our answer to the need for fast, transparent, and affordable payments," says Galya Dimitrova, Managing Director of IRIS Solutions.
Key Advantages of IRISPay
Cost Savings: Reduce payment processing fees by over 50% compared to card payments.
Instant Transactions: Funds are credited within 10 seconds (for banks supporting instant payments).
No Hidden Fees: No monthly subscriptions – pay only for completed transactions.
Easy Integration: The payment process involves just 4 steps via the customer’s banking app.
High Security: Fully compliant with PSD2 regulations.
Who Can Benefit from IRISPay?
IRISPay is designed for a wide range of businesses and professionals:
Retail merchants looking to lower payment costs.
Medical and dental clinics aiming to streamline patient payments.
Insurance brokers who value efficiency and security.
E-commerce platforms seeking to reduce reliance on card payments.
Anyone else looking to offer an innovative and cost-effective payment method.
Why Does This Matter for the Region?
IRISPay lays the foundation for the transformation of payment services in Southeast Europe, bringing innovation and efficiency through Open Banking. With this app, IRIS Solutions strengthens its position as a leader in the field and a catalyst for fintech industry growth in the region.
Ready to join the future of payments?
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