Regulatory Alerts2024-05-30
Added · Updated
Circular No. 34: National E-SADAD Payment Cap for Invoice Display and Settlement System
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.
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