Palestinian Monetary Authority Signs Memorandum of Understanding with Al-Quds Pharmaceutical Company to Join E-SADAD Platform

Sada News - The Palestinian Monetary Authority signed a memorandum of understanding today with Al-Quds Pharmaceutical Company for the company to join the national bill presentation and payment platform E-SADAD.

The memorandum was signed in the presence of the Governor of the Monetary Authority, Yahya Shanar, and the Chairman of the Board of Directors of Al-Quds Pharmaceutical Company, Muhammad Masrouji, along with the General Manager of the Palestinian Payment Services Company, Nader Al-Salhi, and several officials from both sides.

This agreement will enable Al-Quds Pharmaceutical Company to collect its bills electronically, allowing its customers to pay their bills through the E-SADAD platform using any banking application or electronic wallet, around the clock and without fees.

The Governor of the Monetary Authority confirmed that "the inclusion of Al-Quds Pharmaceutical Company in the E-SADAD platform represents an important step towards enhancing financial inclusion and expanding the base of beneficiaries of electronic payment services, as it allows private sector institutions to benefit from modern digital solutions that facilitate collection processes and increase the efficiency of financial transactions. This step reflects the confidence of national institutions in the digital financial systems developed by the Monetary Authority, which contribute to enhancing digital transformation in Palestine."

For his part, the Chairman of the Board of Directors of Al-Quds Pharmaceutical Company, Muhammad Masrouji, expressed his pride in this cooperation, stating: "We are pleased to join the E-SADAD platform, which represents an important development in the field of electronic payment in Palestine, as this step will allow us to provide easier and faster services to our customers, enabling them to pay their bills in a secure and flexible manner. At Al-Quds Pharmaceutical Company, we consider this cooperation with the Monetary Authority a strategic step that enhances the efficiency of our operational processes and aligns with our trends towards digital transformation and serving our customers with the best modern means."