Regulatory Alerts2023-01-01
Circular No. 248: Implementation of Individuals Inquiry Application QR Code
The Palestine Monetary Authority issued Circular No. 248/2023 to mandate all Palestinian banks to integrate their systems with the Authority's Individuals Inquiry Application for both new and old QR code formats. Effective January 2, 2024, banks must enable the automated transmission and exchange of QR code data to ensure system continuity and operational readiness. Compliance requires aligning internal banking infrastructure with the technical specifications outlined in Circular No. (2022/207).
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