Circular No. 128 (2023) - Data on Locally Executed Prepaid Card Transactions

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Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY

Circular No. (128 / 2023)
To all payment service companies operating in Palestine Date: Monday, June 12, 2023

Subject: Data on Locally Executed Prepaid Card Transactions

Based on the provisions of the Banks Law and the National Payments Law, and the regulations issued thereunder, the Palestine Monetary Authority confirms the prohibition against electronic payment service companies directing, sharing, or providing data on locally executed prepaid card transactions to any third party, including electronic payment service providers and operators, unless such action is necessary for the purposes of service execution and/or pursuant to arrangements between the Palestine Monetary Authority and the providers or operators.

Supervisory Group
Palestine Monetary Authority

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