RegAlertPalestine: fintech & payments regulation — 2026-08
RegulatedPMA licenses PSPs under Law 41/2022; Money Changers under Law 40/2022
Frozen snapshot — the guide as it stood at the end of 2026-08. See the live guide for the current state.
The PMA regulates fintech via Law 41/2022, requiring licenses for Payment Service Companies (PSPs). Money changers are separately regulated under Law 40/2022. The regime is actively expanding to include digital banks and instant payments (iBURAQ).
Which licence do you need?
| Your activity | Requirement | Capital | Timeline | Authority |
|---|---|---|---|---|
| Payment processing / gateway | LicencePayment Service Company[1] Mandatory for PSPs under Law 41/2022 | — | — | PMA |
| E-money & wallet issuance | LicencePayment Service Company Prepaid cards/wallets require PSP license | — | — | PMA |
| Domestic money transfer | LicencePayment Service Company[1] Domestic transfers via PSP or Bank | — | — | PMA |
| Cross-border remittance | LicencePayment Service Company Inbound remittances via licensed channels | — | — | PMA |
| Agent network | LicencePayment Service Company[1] PSPs operate agent networks | — | — | PMA |
| Open banking / account information | Uncertain[2]verify with regulator Digital ID (iDplus) launched 2025 | — | — | — |
| Foreign-exchange services | LicenceMoney Changer[3] Licensed under Law 40/2022 | — | — | PMA |
New — what changed recently
- 2026-01-01Law No. 40 of 2022 (Licensing) — Comprehensive framework for money exchange licensing and supervision established.[3]
- 2025-07-23iDplus Digital Identity — Launch of mandatory digital financial identity system for PSPs.[2]
- 2024-01-01Digital Bank Instructions — Introduction of $25m capital requirement for digital banks.[4]
Market-entry checklist
- 1Apply for PSP LicenseSubmit application to PMA under Law 41/2022 for payment services.
- 2Secure Money Changer LicenseObtain separate authorization under Law 40/2022 for FX activities.
- 3Implement iDplus IntegrationConnect systems to the PMA's Digital Financial Identity System.
- 4Join iBURAQ SystemRegister as direct or indirect member for instant payments.
- 5Prepare Capital ProofDemonstrate statutory capital (e.g., $25m for digital banks).
Sources
- Law No. (41) of 2022 concerning National Payments · 2022-08-08
- Payment-2025- Circular No. 12 Launch of the Digital Financial Identity System · 2025-07-21
- Law No. 40 of 2022 Concerning the Licensing and Supervision of the Money Exchange Profession
- Instructions No. 17 Regarding the Licensing and Regulatory Framework for Digital Banks · 2024-12-01