Regulatory Alerts2025-01-01
Circular No. 14/2025: Instant Payment System Services and Customer Experience Improvement
The Palestine Monetary Authority issued Circular No. 14/2025 to require payment service providers to enhance the efficiency of bulk transfers, QR code payments, and B2B transfers. The directive mandates the implementation of marketing incentives, the integration of modern authentication technologies like NFC, and the adoption of the standardized 'Quick' branding for QR-based instant payments. Additionally, institutions must submit monthly reports detailing marketing plans, transaction volumes, and user statistics to the Authority's oversight email within the first five working days of each month.
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