Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (297/2022)

To all payment service companies operating in Palestine Date: Wednesday, October 05, 2022

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Subject: Licensing of Microfinance Banks and Digital Banks

In order to hear the opinions of stakeholders and interested parties regarding microfinance banks and digital banks, and with the aim of introducing and developing new financial services that contribute to driving economic growth in Palestine, we wish to inform you of the adoption of a policy for licensing this type of bank, and the preparation of draft instructions for licensing these banks, which will be published under the "Your Opinion Matters" section on the Palestine Monetary Authority's website.

Accordingly, we kindly request that you provide us with your opinions and proposals regarding this matter before the end of the current month, for the purpose of completing the relevant regulatory framework.

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Supervision Group
Palestine Monetary Authority

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Website link: https://bit.ly/pma-opinion

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Note: www.pma.ps

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

Gaza - Palestine P.O. Box 4026 - Palestine - Gaza Fax: +970 8 2844487 | Fax | Tel: +970 8 2825713 | Tel