“Can a Bank of Palestine Group fintech become Palestine's universal digital financial infrastructure for the banked and unbanked population?”
Founded in 2010 as a joint venture between Bank of Palestine and PCNC Solutions, PalPay began as a multi-channel payment infrastructure provider for bill payments and mobile top-ups. It expanded into a full consumer e-wallet (Mahfazati) licensed by the Palestinian Monetary Authority, adding Visa card issuance, P2P transfers, and merchant acquiring. As a Bank of Palestine Group company, it now positions itself as Palestine's primary fintech infrastructure layer, serving the unbanked and banked population alike with salary disbursement, microloans, and e-commerce payment solutions.
PalPay processes payments through PalPay (self-operated).
PalPay's cards run on Visa.
The Embedded Finance Index 2026 maps 3 layers in PalPay's stack: Payments / PSP (PalPay (self-operated)); Card network (Visa); Lending (Microloans (via Mahfazati app), Microfinance institution loan repayment collection and Employee salary advance scheduling (Rawatbi)).
PalPay is founded in 2010 and headquartered in Ramallah, Palestine.
Get a read on where your own stack stands against PalPay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.