2025-01-01
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.
PALESTINE MONETARY AUTHORITY (2025/5)
Circular No. 15: Point of Sale at Government Departments Date: 18 May 2025
Based on the provisions of the Monetary Authority Law and in implementation of its regulatory mandate, the Palestine Monetary Authority hereby issues this circular regarding the establishment and operation of Point of Sale (POS) systems within government departments. The Authority aims to standardize payment acceptance, enhance digital transaction efficiency, and ensure regulatory compliance across public sector entities.
The following provisions shall apply:
Ramallah & Al-Bireh Governorate – Palestine PO Box 452 | Email: info@pma.ps | Fax: +970 2 2415310 Tel: +970 2 2415251 | Postal Code: P6160675