Regulatory Alerts2025-01-01
Instructions No. 1 of 2025 Regarding the Amendment of Instructions for Payment Service Companies Providing Prepaid Payment Cards Issuance Service
The Palestine Monetary Authority issued Instructions No. 1 of 2025 to amend the regulatory framework for payment service companies issuing prepaid payment cards. The directive replaces Article (6) of the 2021 Instructions to mandate that transaction limits for open and semi-closed prepaid cards must strictly conform to the financial caps established for e-wallets under Instructions No. 3 of 2021. These amendments repeal any conflicting prior provisions and take immediate effect upon their issuance on March 24, 2025.
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