Regulatory Alerts2025-01-01
Circular No. 10 of 2025: Launch of the Digital Financial Identity System iDplus
The Palestine Monetary Authority issued Circular No. 10 of 2025 to mandate the two-phase launch of the iDplus digital financial identity system for all payment service companies in Palestine. The pilot phase runs from June 21 to June 30, 2025, requiring companies to register their employees and report technical issues daily. The official go-live is scheduled for June 23, 2025, pending the successful completion of the pilot phase.
Palestine Monetary Authority
Circular No. (10 / 2025) To all payment service companies operating in Palestine Date: Wednesday, June 04, 2025
Subject: Launch of the Digital Financial Identity System iDplus
In the context of the Palestine Monetary Authority's efforts to implement its strategy aimed at digital transformation and developing the infrastructure of the Palestinian financial sector, and enhancing the integration of financial technology into the banking industry, it has been decided to launch the Digital Financial Identity System iDplus in two phases as follows:
- Phase One: Pilot Launch: June 21, 2025, targeting the testing of the system through the registration of company employees.
- Phase Two: Official Go-live: June 23, 2025, with the official date to be announced upon the completion of Phase One.
Accordingly, all companies are requested to comply with the following during Phase One:
- Encourage all company employees to create a digital financial identity through the new system.
- Report to us daily on any comments, difficulties, or technical or operational problems encountered during the registration process, via the following email address: malagha@pma.ps
We confirm that this pilot phase represents a fundamental step in ensuring the success of the official launch, as it provides an opportunity to address any potential challenges before rolling out the system on a wide scale.
Supervisory Group Palestine Monetary Authority
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Ramallah & Al-Bireh Governorate - Palestine Postal Code: P6160675 | Phone: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps