Regulatory Alerts2025-01-01
Payment-2025- Circular No. 12 Launch of the Digital Financial Identity System
The Palestine Monetary Authority issued Circular No. 12/2025 to mandate the official launch of its Digital Financial Identity System (iDplus) on July 23, 2025. All payment service companies operating in Palestine must ensure their systems are fully ready and disseminate the circular to relevant departments to execute the necessary technical preparations. This directive finalizes the regulatory framework for fintech integration and establishes a standardized digital identity protocol across the Palestinian banking sector.
Palestine Monetary Authority
Circular No. (12 / 2025) To all payment service companies operating in Palestine Date: Monday, July 21, 2025
Subject: Launch of the Digital Financial Identity System iDplus
Continuing the Palestine Monetary Authority's efforts to implement its digital transformation strategy and develop the Palestinian financial sector's infrastructure, and enhancing the integration of fintech in the banking industry, and in light of the completion of all necessary technical preparations and tests, it has been decided to consider Wednesday, July 23, 2025, as the official launch date for the Digital Financial Identity System iDplus.
Accordingly, all company administrations are requested to circulate this circular to the concerned parties to take all necessary technical measures, ensuring system readiness and guaranteeing the system's launch on the scheduled date.
Supervision Group Palestine Monetary Authority
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal code: 6160675 | Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps