Regulatory Alerts2024-01-01
Payment - 2024 - Circular No. 21 Point of Sale Campaign for Fuel Stations
The Palestine Monetary Authority (PMA), in cooperation with banks and payment service providers, has launched a national campaign to encourage the use of Point of Sale (POS) devices at fuel stations. This initiative, effective from January 9, 2024, for one year, includes a reduction in the Merchant Discount Rate (MDR) for POS transactions at fuel stations. The campaign targets all fuel stations in Palestine with the goal of significantly increasing electronic payment transactions by the end of 2025, thereby promoting financial inclusion and reducing reliance on cash.
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