Regulatory Alerts2025-01-01
Payments-2025: Circular No. 15 on Point of Sale at Government Departments
The Palestine Monetary Authority issues Circular No. 15, mandating all government departments to implement standardized Point of Sale (POS) systems and integrate digital payment methods such as Apple Pay. The circular establishes compliance requirements for transaction processing, reporting protocols, and operational timelines to enhance digital payment acceptance across public sector entities. Effective May 2025, designated departments must align their POS infrastructure with the Authority’s updated standards and submit required operational reports to ensure seamless regulatory oversight.
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