Regulatory Alerts2024-01-01
Circular No. 34: National E-SADAD Payment Cap for Invoice Display and Settlement System
The Palestine Monetary Authority issued Circular No. 34 on May 30, 2024, to establish and standardize the payment cap for transactions executed through the national E-SADAD invoice display and settlement system. The directive mandates that all licensed financial institutions operating in Palestine comply with the newly defined transaction limits, ensuring uniform application across authorized entities. This regulatory update takes immediate effect from its issuance date to streamline national payment processing and enhance system-wide transaction consistency.
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