Regulatory Alerts2025-01-01
Circular No. 1 Pilot Testing of FDID & eKYC Payment Project Phases – 2025
The Palestine Monetary Authority issued Circular No. 1 requiring all payment service companies in Palestine to conduct pilot testing of their FDID & eKYC project phases between 2 and 6 February 2025. The directive mandates verification across five operational stages, including digital identity registration and linking, wallet login, transfer authentication, existing customer data updates, and new wallet creation. Companies must instruct relevant personnel to comply with the revised schedule to ensure timely project completion by the end of Q1 2025.
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