Instructions No. 2 of 2026 Amending Instructions No. 3 of 2021 on Payment Service Companies Providing Electronic Wallet Services

Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY

Instructions No. (2) of 2026
Regarding the amendment of Instructions No. (3) of 2021 concerning payment service companies providing electronic wallet services

Based on the provisions of Decision-Law No. (41) of 2022 concerning National Payments, specifically Articles (7, 18) thereof, In continuation of Instructions No. (3) of 2021 concerning payment service companies providing electronic wallet services, Based on what the Monetary Council approved in its meeting No. (299) dated: 6 / 10 / 2026, And according to the powers delegated to us, And to achieve the public interest, We have issued the following Instructions:

Article (1)
Definitions
The words and phrases contained in these Instructions shall have the meanings assigned to them below, unless the context indicates otherwise:
The Original Instructions: Instructions No. (3) of 2021 concerning payment service companies providing electronic wallet services.

Article (2)
Limits on Payment, Withdrawal, and Transfer Operations
Annex No. (2) attached to the Original Instructions is replaced by the Annex attached to these Instructions.

Article (3)
Temporary Wallets
Adding a new article to the Original Instructions numbered (3 bis) stating the following:

1. The service provider is prohibited from creating or opening any new temporary electronic wallets.

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www.pma.ps
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 | Ramallah & Al-Bireh Governorate - Palestine P.O. Box Postal Code: P6160675 | Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps

Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY

2. The service provider must comply with rectifying the status of existing temporary electronic wallets, ensuring the completion of customer identification and verification requirements, or closing those wallets and taking necessary measures regarding the balances therein, as appropriate, within one month from the issuance of these Instructions.

Article (4)
Cancellation of Conflicts

1. Clauses (2, 3, 4) of Article (3) of the Original Instructions are repealed.
2. Anything conflicting with the provisions of these Instructions is repealed.

Article (5)
Implementation and Enforcement
All competent authorities must implement the provisions of these Instructions, each within its respective scope, and they shall apply from the date of their issuance. Issued in Ramallah, dated: 12 / 10 / 2026

Yahya Sha'ar
Governor

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www.pma.ps
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 | Ramallah & Al-Bireh Governorate - Palestine P.O. Box Postal Code: P6160675 | Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps

Annex No. (2)
Limits on Payment, Withdrawal, and Transfer Operations The limits for financial orders related to the user's account in all currencies are as follows:

1. The maximum limit for the user's account balance at any time is $5,000 USD or its equivalent in other circulating currencies.
2. The maximum limit for the total of all payment and transfer operations monthly using the user's account is $5,000 USD or its equivalent in other circulating currencies.
3. Funding the user's account and transfers to it is $5,000 USD monthly or its equivalent in other circulating currencies.
4. Cash withdrawal from the user's account is $1,000 USD monthly or its equivalent in other circulating currencies as a maximum limit.
5. The maximum limit for the affiliated wallet's balance is $500 USD monthly or its equivalent in other circulating currencies, which is considered part of the limit of the affiliated electronic wallet, and the maximum limit for cash withdrawal and all payment and transfer operations is $500 USD monthly or its equivalent in other circulating currencies.

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