Regulatory Alerts2022-01-01
No. 247: Licensing of Microfinance Banks and Digital Banks
The Palestine Monetary Authority issued Circular No. (297/2022) to request stakeholder feedback on its newly adopted policy and draft licensing instructions for microfinance and digital banks. This initiative establishes a dedicated regulatory framework aimed at introducing new financial services that stimulate economic growth across Palestine. All payment service companies and interested parties must submit their comments and proposals through the Authority's public consultation portal before the end of the current month.
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