Regulatory Alerts2025-03-24
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Instructions No. 1 of 2025 Amending Payment Service Companies' Instructions for Prepaid Payment Card Issuance
The Palestine Monetary Authority issued Instructions No. 1 of 2025 to amend the regulatory framework for prepaid payment card issuance by payment service companies. The directive replaces Article 6 of the 2021 Instructions to mandate that open and semi-closed prepaid card limits adhere to the financial caps established in Article 8 of the 2021 E-Wallet Instructions. These amendments were approved by the Board of Directors on March 17, 2025, and became effective upon issuance on March 24, 2025.
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