Regulatory Alerts2021-01-01
Circular No. (2021/11): Apple Pay
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.
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