Regulatory Alerts2024-01-01
Circular No. 17 on the Continuation of Operations Regarding the National E-SADAD Invoice Display and Payment System-2024
The Palestine Monetary Authority issued Circular No. 17/2024 requiring all payment service companies operating in Palestine to comply with existing security and system instructions, implement necessary measures to ensure continuous service provision, undergo periodic inspections, and report compliance to the Authority. The directive mandates adherence to Article 9 of the 2021 Payment Services Security Instructions and Instruction No. 3 of 2023 regarding the National E-SADAD system, aligning with ongoing efforts to strengthen digital payment channels. Companies must maintain uninterrupted service delivery through electronic means and submit regular compliance confirmations to the regulator.
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