Regulatory Alerts2025-01-01
Palestine Monetary Authority Circular No. 13/2025: Launch of iDplus Digital Financial Identity System
The Palestine Monetary Authority issued Circular No. 13/2025 mandating all lending institutions in Palestine to participate in the two-phase rollout of the iDplus Digital Financial Identity System. The pilot phase runs from June 10 to 21, 2025, requiring institutions to urge all employees to register for digital identities, while the official launch is scheduled for June 23, 2025. Institutions must report any technical or operational issues during the pilot phase via email to facilitate troubleshooting before the system's widespread implementation.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (13/2025)
To all lending institutions operating in Palestine
Date: Wednesday, June 04, 2025
Subject: Launch of the iDplus Digital Financial Identity System
As part of the Palestine Monetary Authority's efforts to implement its strategy aimed at digital transformation and developing the infrastructure of the Palestinian financial sector, and enhancing the integration of financial technology into the banking industry, it has been decided to launch the iDplus Digital Financial Identity System in two phases as follows:
- Phase One: Pilot Launch: June 10 - 21, 2025, which aims to test the system through the registration of institution employees.
- Phase Two: Official Launch (Go live): June 23, 2025, with the official announcement of the date to be made upon completion of Phase One.
Accordingly, all institutions are requested to comply with the following during Phase One:
- Encourage all institution employees to create a digital financial identity through the new system.
- Continue to report daily any comments, difficulties, or technical or operational problems encountered during the registration process, via the following email address: malagha@pma.ps
We emphasize that this pilot phase represents a crucial step in ensuring the success of the official launch, as it provides an opportunity to address any potential challenges before rolling out the system on a wide scale.
Supervision Group
Palestine Monetary Authority
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452
Postal code: P6160675
Tel: +970 2 2415251
Fax: +970 2 2415310
info@pma.ps