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GAZA CITY, Gaza Strip — In a weekly Cabinet meeting held June 5, the Palestinian Authority (PA) approved a national plan to promote the use of electronic payment methods. The plan calls for developing the legal environment for e-payment, promoting electronic payment in the finance and banking sectors and strengthening the regulatory framework for clearance system and electronic payment services providers.
E-payment systems cover transactions using credit, debit and shopping cards and online bank transfers, reducing reliance on cash and checks. The plan aims to support diverse and accessible e-payment options so they become more widely available and meet the needs of the finance and banking sectors as well as individuals and consumers.
