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Palestinian company specialized in electronic payment.

Last updated September 2, 2026

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First read
Nov 4, 2026
Latest read
Nov 4, 2026

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Overview

PalPay is a Palestinian company specialized in electronic payment. It offers a range of digital financial services including the electronic wallet application 'Mahfazati PalPay', Visa cards, bill payment, and merchant solutions.

History

PalPay was established in 2010 as the first digital wallet in Palestine. In 2014, it launched an aid management system. In 2017, it won the award for best electronic payment company in the Middle East. In 2020, it launched its electronic wallet 'Mahfazati' with official license from the Palestine Monetary Authority. In 2024, it launched instant payment and bill payment services.

  • 2024

    Launch of instant payment and bill payment services

  • 2020

    License and launch of electronic wallet

  • 2017

    Award for best electronic payment company in the Middle East

  • 2014

    Launch of aid management system

  • 2010

    Establishment

Products and positioning

  • Mahfazati PalPay app

    Electronic wallet application for individuals to send/receive money, pay bills, and shop.

  • Visa cards

    Free Visa cards for online shopping and payments.

  • Rawateb salary program

    Service to transfer salaries electronically to employees' wallet accounts.

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