Accurate precipitation data at high temporal and spatial resolutions are needed for numerous applications in hydrology, water resources management and flood risk management. Satellite-based precipitation estimations/products offer a potential alternative source of rainfall data for regions with sparse rain gauge network. The recently launched Global Precipitation Measurement (GPM) mission is the successor of Tropical Rainfall Measuring Mission (TRMM) providing global precipitation estimates at spatial resolution of 0.1 degree x 0.1 degree and half-hourly temporal resolution. This study aims at evaluating the accuracy of the Integrated Multi-satellite Retrievals for GPM (IMERG) near-real-time daily product (GPM-3IMERGDL) against rain gauge observations from a network of stations distributed across Greece for the year 2016. Moreover, the GPM-IMERG product is also compared with its predecessor, the Version-7 near-real-time (3B42RT) daily product of TRMM Multisatellite Precipitation Analysis (TMPA). Several statistical metrics are used to quantitatively evaluate the performance of the satellite-based precipitation estimates against rain gauge observations. In addition, categorical statistical indices are used to assess rain detection capabilities of the two satellite products. The GPM-IMERG daily product shows reasonable agreement (CC=0.60) against rain gauge observations, with the exception of coastal areas in which low correlations are achieved. The GPM-IMERG daily precipitation product tends to overestimate rainfall, especially in complex terrain areas with high annual precipitation. In particular, rainfall estimates in western Greece have a strong positive bias. On the other hand, the TRMM 3B42 product shows low correlation (CC=0.45) against rain gauge observations and slightly underestimates rainfall. This study is a first attempt to evaluate and compare the newly introduced GPM-IMERG and the TRMM 3B42 rainfall products at daily timescale over Greece.