Circular No. 63 on Business Continuity Regarding the National E-SADAD Invoice Presentation and Payment System

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Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY

Circular No. ( 63 / 2024 )

To all banks operating in Palestine
Date: Sunday, July 21, 2024

Subject: Business Continuity Regarding the National E-SADAD Invoice Presentation and Payment System

Following our instructions regarding business continuity requirements No. (5) of 2022, and instruction No. (9) of 2023 concerning the national invoice presentation and payment system, and in accordance with the Palestine Monetary Authority's efforts to develop the technological environment and strengthen payments via digital channels and tools in banks, and due to the growing use of electronic means for executing various banking operations, banks must commit to implementing all necessary measures to ensure uninterrupted service delivery at all times. Banks are required to fully prepare a Disaster Recovery Site (DRS) to enable service operation from that site when needed, subject to periodic inspections of the site.

Supervisory Group
Palestine Monetary Authority

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Ramallah and Al-Bireh Governorate - Palestine P.O. Box 452 Postal Code: P6160675 | Phone: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps

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