Payment methods in Palestine

Asia

2methods

2banks

Palestine does not issue its own currency; the Israeli New Shekel (ILS) and Jordanian Dinar (JOD) are the primary currencies in circulation.

Market takeaways

Palestine does not issue its own currency; the Israeli New Shekel (ILS) and Jordanian Dinar (JOD) are the primary currencies in circulation.
The Palestinian Monetary Authority (PMA) has licensed five e-wallet providers, creating a regulated mobile payments ecosystem.
Mahfazati (PalPay) is the leading e-wallet, offering QR payments, Visa card issuance, micro-loans and access via 3,500 agents.
Gaza's financial system faces extreme restrictions due to the ongoing conflict, severely limiting payment infrastructure availability.
Cross-border payment constraints, limited banking correspondent relationships and access restrictions make international commerce challenging.

Population

~5.4M

Online population

~3.5M

Banked population

~25%

Payment method breakdown

Market data coming soon.

Card scheme breakdown

Market data coming soon.

Cross-border e-commerce

Market data coming soon.

Featured payment methods in Palestine

Popular options based on coverage and prominence in this market.

Mahfazati (PalPay)

Mahfazati, marketed under the PalPay brand, is Palestine's leading e-wallet, enabling money transfers, QR merchant payments, bill settlement and both virtual and physical Visa card issuance. The platform also offers micro-loan products, expanding its utility beyond basic payments. Users can access cash in and cash out services through a network of approximately 3,500 agents across the West Bank and Gaza.

Other PMA-Licensed Wallets

The Palestinian Monetary Authority has licensed five e-wallet providers in total, creating a regulated ecosystem for digital payments in Palestine. These licensed wallets support deposits, withdrawals, peer-to-peer transfers and bill payments, offering alternatives to cash for consumers and merchants. The specific providers include wallets operated by Palestinian banks and independent fintech companies operating under PMA oversight.