RegAlert

Rule · PMA · 30 May 2024

Circular No. 34: National E-SADAD Payment Cap for Invoice Display and Settlement System

payments

The Palestine Monetary Authority requires payment service companies operating in Palestine to review and adjust payment caps for subscribers whose financial transaction patterns necessitate changes. Payment service providers must study merchant requests for cap modifications, ensure their automated systems can efficiently implement these changes, and coordinate with the Palestine Payment Services Company regarding technical requirements and available system services. This directive is issued under Article 8 of Instruction No. 02 of 2024 concerning payment caps.

PalestinePalestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (34 / 2024)

To all payment service companies operating in Palestine Date: Monday, December 30, 2024

Subject: Payment Cap for the National E-SADAD Invoice Display and Settlement System

In light of the fact that some subscribers joining the E-SADAD system require a review of the currently defined caps on the system to align with their needs and business patterns, and based on the provisions of Article No. (8) of Instruction No. (02) of 2024 concerning the payment cap, you are requested to do the following:

  1. Study the requests submitted by merchants dealing with subscribers regarding the modification of their specific caps to suit the nature of their financial transactions.
  2. Prepare your automated systems to ensure the efficient and effective implementation of the required modifications.
  3. Coordinate with the Palestine Payment Services Company regarding the technical requirements and services available to them on the system.

Supervision Group
Palestine Monetary Authority

www.pma.ps
Ramallah and Al-Bireh Governorate - Palestine P.O. Box 452 Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps

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Instruction No. (02) of 2024concerning the payment capNot in RegAlertInstruction No. (02) of 2024 concerning the payment cap — Not in RegAlertCircular No. 34: NationalE-SADAD Payment Cap for Invoi…2024-05-30 · this documentCircular No. 34: National E-SADAD Payment Cap for Invoice Display and Settlement System (2024-05-30)
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The links and the sentences they come from (1)
Issued under
  • Instruction No. (02) of 2024 concerning the payment capNot in RegAlert

    “based on the provisions of Article No. (8) of Instruction No. (02) of 2024 concerning the payment cap”

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