RegAlert

Rule · PMA · 24 Jan 2021

Circular No. (2021/11): Apple Pay

payments

The Palestine Monetary Authority issued Circular No. (2021/11) on January 24, 2021, mandating that all banks operating in Palestine must obtain prior regulatory approval before engaging in or contracting with Apple Pay. This directive establishes a mandatory pre-authorization requirement for financial institutions seeking to integrate or partner with the Apple Pay service. Compliance with this prior approval process is strictly enforced to ensure regulatory oversight of digital payment partnerships.

PalestinePalestine Monetary Authority

Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (2021/11)
To all banks operating in Palestine Date: Sunday, January 24, 2021

Subject: Apple Pay

With reference to the above subject, all banks operating in Palestine are required to obtain prior approval from the Palestine Monetary Authority before engaging in or contracting with Apple Pay.

Supervision Group
Palestine Monetary Authority

Note: The original text contains a handwritten signature, which has been documented as "Supervision Group" and "Palestine Monetary Authority".

Export Notes:

  • Website: www.pma.ps
  • Ramallah and Al-Bireh Governorate - Palestine P.O. Box 452
    info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251
  • Gaza - Palestine P.O. Box 4026

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Source: Palestine Monetary Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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