# Palestine, State of — payment codes and schemes

> Source: https://docs.barcoder.ai/docs/payments/PS
> extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

## Summary

- **PalPay** leading e-payment operator (2010)
- **Bank of Palestine QR** single QR for multiple apps
- **6,000+ POS** network nationwide
- **0.25% merchant fee** competitive pricing
- **SoftPOS** smartphone terminals

## Banking landscape

### Central Bank
- **Name:** Palestine Monetary Authority (PMA)
- **Website:** https://www.pma.ps/
- **Role:** Monetary policy, e-payment licensing

### Major Banks (2024)

| Rank | Bank Name | Type | Digital Platform |
|------|-----------|------|------------------|
| 1 | Bank of Palestine | Private | Banky App |
| 2 | Arab Bank | Regional | Arab Bank App |
| 3 | Arab Islamic Bank | Islamic | AIB Mobile |
| 4 | Palestine Islamic Bank | Islamic | PIB App |
| 5 | Quds Bank | Private | Quds Mobile |

### Market Structure
- **Bank of Palestine:** Largest, PalPay parent
- **PalPay:** First e-payment platform (2010)
- **6,000+ POS:** Network coverage
- **PMA licensed:** E-wallet operations

---

## Payment infrastructure

### National Payment Systems

| System | Operator | Type | Status |
|--------|----------|------|--------|
| PalPay | Bank of Palestine | E-wallet/QR | Active |
| Banky | Bank of Palestine | Mobile banking | Active |
| SoftPOS | Bank of Palestine | Smartphone POS | Active |

### PalPay Network
- **6,000+ points of sale**
- Shops, supermarkets, pharmacies
- Telecommunication agents
- All cities, villages, camps

### SoftPOS Technology
- Android 11.0+ smartphones
- Contactless NFC acceptance
- QR code technology
- Instant merchant wallet credit

---

## QR code standards

### Bank of Palestine QR

| Attribute | Value |
|-----------|-------|
| **Operator** | Bank of Palestine Group |
| **Apps** | Banky, PalPay, AIB |
| **Feature** | Single QR, multiple apps |
| **Fee** | 0.25% merchant |

### Unified QR Features
- Single QR CODE for merchants
- Works with Banky app
- Works with PalPay app
- Works with Arab Islamic Bank app

### QR Payment Benefits
- Instant payments
- Secure standards
- Fast transactions
- Easy merchant adoption

### Merchant Pricing
- **0.25% fee** deduction
- Very competitive rate
- Encourages adoption
- Service provider friendly

---

## Mobile payment apps

| App | Provider | QR | Features |
|-----|----------|-------|----------|
| Banky | Bank of Palestine | Yes | Full banking |
| PalPay Mahfazati | PalPay | Yes | E-wallet |
| AIB Mobile | Arab Islamic Bank | Yes | Banking |

### PalPay Mahfazati (My Wallet)
- Electronic wallet
- No bank account required
- Pay to Friend
- Pay to Merchant
- Cash out
- Bills payment
- Mobile top-up
- Gift cards

### Banky App
- Bank of Palestine mobile banking
- QR CODE payments
- Direct purchase payments
- Secure standards

### E-Commerce Support
- QR service for online merchants
- Mahfazati wallet payments
- Simplified payment process
- No traditional methods needed

---

## Schemes

| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| [Bank of Palestine QR](https://docs.barcoder.ai/docs/payments/PS/bank-of-palestine-qr) | Unified QR | Multi-app | 6K+ POS | — |
| [PalPay Mahfazati](https://docs.barcoder.ai/docs/payments/PS/palpay-mahfazati) | E-wallet | PMA | Active | — |
| [SoftPOS](https://docs.barcoder.ai/docs/payments/PS/softpos) | Smartphone | NFC/QR | Active | — |

## Sources

- [Bank of Palestine - QR Launch](https://www.bop.ps/en/about/news/725)
- [App Store - PalPay Mahfazati](https://apps.apple.com/us/app/palpay-mahfazati/id1509672300)
- [Arab Islamic Bank - QR Service](https://aib.ps/en/content/individual-services/39.html)
- [PalPay - Our Services](https://palpay.ps/our-services-2-2/)
- [Bank of Palestine - PalPay Partnership](https://www.bop.ps/en/about/news/5)
- [Bank of Palestine - SoftPOS](https://bop.ps/en/personal/electronic-services/SoftPOS)
- [Bank of Palestine News](https://www.bankofpalestine.com/en/about/news/5)
- [Bank of Palestine - QR Payment](https://www.bop.ps/en/personal/electronic-services/payment)
- [Arab Bank - PalPay Service](https://www.arabbank.ps/mainmenu/home/personal-banking/palpay)
- [Google Play - PalPay Mahfazati](https://play.google.com/store/apps/details?id=com.pcnc.wallet&hl=en)

## Full country report

[PS-palestine.md](https://docs.barcoder.ai/docs/payments/PS)