The Palestine Monetary Authority (PMA) and Palestine Telecommunications Company (Jawwal) signed a renewed agreement to enhance telecommunications services supporting financial and banking operations in Palestine. The arrangement is intended to strengthen the banking sector’s technology infrastructure and improve the resilience of communications supporting banking services. Under the agreement, the PMA, banks and financial institutions will be connected through primary and backup fibre-optic networks with high-speed connectivity, alongside internet services and alternative site hosting inside and outside Palestine. The PMA linked the initiative to its work on implementing the National Financial Inclusion Strategy and highlighted Jawwal’s role in providing internet connectivity to banks in the Gaza Strip to enable the resumption of banking services.
Palestine Monetary Authority 2025-03-04
Palestine Monetary Authority renews Jawwal agreement to strengthen primary and backup connectivity for banks and financial institutions
The Palestine Monetary Authority and Palestine Telecommunications Company (Jawwal) have renewed an agreement to enhance telecommunications services for financial operations in Palestine. This initiative aims to strengthen the banking sector's technology infrastructure by connecting banks and financial institutions through high-speed fibre-optic networks and internet services. The agreement supports the National Financial Inclusion Strategy and facilitates banking services in the Gaza Strip.