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.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Appendix No. (2)
Application for Approval to Provide a New Payment Service
Date: / /
Applicant Details
| Company Name | |
|---|---|
| Legal Form of the Company | |
| Paid-up Capital | |
| Full Company Address | |
| Phone Number | |
| Mobile Number | |
| Email Address |
Required Attachments and Documents
| No. | Document |
|---|---|
| 1 | Economic feasibility study including the future business plan, projected budgets for the first three years of service provision, and the basis for their adoption. |
| 2 | Written explanatory presentation on the type of proposed payment service, its objectives, a description of its operational mechanisms, support for subscribers and beneficiaries, initial distribution locations, and any explanatory presentations requested by the Authority. |
| 3 | Proof of sound credit performance demonstrating that no shareholders (except public joint-stock companies) and the General Manager have defaulted on any of their banking obligations. |
We, the undersigned as authorized representatives of the company, certify that all information provided in this application and its attachments is complete and accurate:
| Name: | Signature: | Date: |
|---|---|---|
| Name: | Signature: | Date: |
| Name: | Signature: | Date: |
Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2415310 | Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2415310
Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487 | Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487
Email: info@pma.ps | Email: info@pma.ps