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PalPay was established in 2010 as a joint venture between Bank of Palestine; Palestine’s largest bank, and PCNC Solutions; a leading company in providing software solutions in order to create new electronic payment methods and introduce them to the Palestinian market in specific and the region in general. Our service offering is the result of ten-year collaboration in accepting credit cards in Palestine through Visa and MasterCard, and the huge success that was achieved in developing software solutions and obtaining the international licenses required for their operation, as well as the resounding success with the merchants and the bank customers who use these cards, along with the wide spread of the points of sale through Palestine; where the card holder can use their cards at any of the more than 6000 POSs.

The vision of establishing PalPay depended on the local expertise of engineers; either from PCNC or the Bank, who have gained high experience during the past years that goes back to 1998, as well as adding new services on POS machines to allow the merchants to increase their profit and encourage them to use the POS machines, which comes in line with the Bank’s target to increase the awareness towards card and electronic payments of all kinds.

PalPay’s electronic services were developed to make it easier for the citizen to d pay his bills or top-up his mobile phone, pay his dues or pay to a friend easily and safely without having to wait in rows and waste time in heading to the nearest collection center. As well as reducing the collection cost for the bill issuer, and providing them with innovative collection mechanisms to serve their interests.