Regulatory Alerts2018-01-01
Appendix No. 2: Application for Approval to Provide a New Payment Service
The Palestine Monetary Authority issues Appendix No. 2 to formally request approval for entities seeking to launch a new payment service. Applicants must submit a comprehensive economic feasibility study with a three-year business plan, a detailed written presentation outlining the service's operational mechanisms and target markets, and verified proof of sound credit performance for all shareholders and the general manager. Authorized company representatives must sign a certification confirming the completeness and accuracy of all submitted information and attachments.
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