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.
Palestine Monetary Authority Ramallah & Al-Bireh Governorate – Palestine | P.O. Box 452 Website: www.pma.ps | Email: info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251 | Postal Code: P6160675
Circular No. 34 (2024) Date: May 30, 2024
Subject: Payment Cap Implemented via the National E-SADAD Invoice Display and Settlement System (Payment-2024)
According to this Circular, it is decided as follows:
- First: This Circular applies to all financial institutions operating in Palestine.
- Second: The payment cap implemented via the E-SADAD system is hereby defined and specified for all authorized financial entities.
- Third: This Circular takes effect from the date of its issuance.
Issued by the Palestine Monetary Authority. Date: May 30, 2024