Regulatory Alerts2025-01-01
Instructions No. 4 of 2025 Regarding Instant Payment System Services
The Palestine Monetary Authority issued Instructions No. 4 of 2025 to mandate all direct and indirect members to fully provide the iBURAQ Instant Payment System services by 15 April 2025. These Instructions define key terms, establish the scope of application across all system participants, and enforce compliance through penalties stipulated under Legislative Decree No. 41 of 2022. They take effect immediately upon issuance and align with prior directives launched in 2024 to ensure seamless national payment operations.
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