Kostis Hatzidakis’s Tik Tok: The 50% reduction in POS, the IRIS system and the… partners who torture him

With a video on Tik Tok, the Minister of National Economy and Finance Kostis Hatzidakis announces the reduction by 50% of commissions via POS for businesses (taxi, kiosks, etc.) that do transactions basically up to 10 euros.

In the video, after Mr. Hatzidakis explains the legislative initiative for both POS and the IRIS direct payment system, he then gives a… taste of the background of the preparation for the video he will upload on Tik Tok. After fixing his tie, he asks to turn off a light that is obviously bothering him, then before he starts he asks his associates not to… torture him.

Hatzidakis: With legislative regulation, bank charges at POS will be reduced by 50%

50% off POS purchases

We are legislating – and we will do it immediately – the reduction by 50% of commissions via POS for businesses (taxi, kiosks, etc.) that do transactions basically up to 10 euros.
“But is that enough?” some say.
Well, no matter how you measure it, it’s a step forward.
And he’s not alone.
Because this initiative will work in parallel with the IRIS direct payment system, based on which businesses give much, much lower fees compared to what they pay through POS.
Both have progressed with this Government.
Put any label you want!
I know that they are two very positive initiatives!