Regulatory Alerts2025-01-01
Circular No. 57: Use of Electronic Payment Methods
The Palestine Monetary Authority issued Circular No. 57/2025 requiring all operating banks to actively promote the newly approved national E-Sadad invoice payment system for government service fees and automatically update clients on available services via SMS and social media. The directive mandates banks to verify that fuel stations implement electronic Point of Sale and QR code payment terminals, while also supporting periodic incentive campaigns in partnership with station owners. Additionally, banks must integrate the facilitation of government fee payments into their financial inclusion account opening programs and promotional campaigns.
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