Users
936KiBURAQ |
|---|
Loading...
iBURAQ connects Palestinian banks and payment providers through an instant domestic payment environment. Customers transfer funds using account identifiers or aliases, with banking apps bringing recipient selection and payment approval together for account-to-account transfers.
Use cases:
Channels:
Initiation:
Markets
1TPV
$370MTransactions
3.7MEstimated Monthly Usage, Aurato Research, November 2026
Capabilities
Payments can be initiated using QR codes; funding can come from bank accounts and stored balances. Payments are limited to domestic use. Customers can pay online and in person; payments interoperate within the same scheme or rail.
Markets
Schemes
PSPs
No PSP implementations have been mapped for this method yet.
Compliance
Regulator
Palestine Monetary Authority
