Electronic payments reach 126M transactions
The electronic payment system in Palestine experienced a record-breaking growth in 2026, with approximately 126.4 million transactions totaling over $35.2 billion. This reflects an expanding use of digital payment methods. The "I Baraq" instant transfer system saw a remarkable growth rate of 1693% compared to the same month last year, increasing from hundreds of thousands to over 10 million transactions per month. Additionally, card payments and point-of-sale transactions increased by 91.3% in the number of operations and 106.3% in transaction value. The volume of electronic bill payments also rose by 168.8%. This growth demonstrates the success of the Central Bank's strategy to develop digital infrastructure, enhance user confidence, and support the transition towards a more efficient and sustainable digital economy.
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