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iBURAQ Instant Payment System

iBURAQ is an instant payment system managed by the Palestine Monetary Authority, which enables customers to make payments and transfers instantly without commissions.
 
Through iBURAQ system, you can transfer funds instantly and easily to beneficiaries in other local banks and other Arab Bank customers enrolled in the service through “Arabi Mobile” app.
 
iBURAQ system provides several key features such as:
• Instant fund transfers.
• Request to Pay.
• Request to recall a transfer.
• Create a QR code for each account so that the customer is able to select “Scan the QR code” option to transfer funds to another customer, or receive transfers on this account when scanning the QR code from another customer, or pay merchants through scanning the code on POS devices.
 
You can transfer funds around the clock and in a matter of seconds using the beneficiary account’s IBAN number or their alias (which is the beneficiary’s mobile number), while allowing you to verify the recipient’s details before completing the transfer.
 
You can activate iBURAQ service through “Arabi Mobile” app, by selecting “More” on the main screen, selecting “iBURAQ” under the “e-Payments” menu, and then creating a profile by entering the mobile number linked to your account, filling out the required information, reading the terms and conditions and then accepting them. 
 
For more information, please call our Customer Care Center at 022953333.