The Palestine Monetary Authority (PMA) and Palestine Telecommunications Company (Jawwal) have signed an agreement to improve telecommunications solutions supporting financial and banking operations in Palestine. This collaboration aims to enhance the banking sector’s technological infrastructure and align with the National Financial Inclusion Strategy.
The agreement, signed at the PMA headquarters by Governor Yahya Shunnar and Jawwal CEO Abdulmajeed Melhem, focuses on connecting the PMA, banks, and financial institutions through high-speed primary and backup fiber-optic networks, as well as internet services and alternative site hosting inside and outside Palestine. These measures aim to improve communication channels within the banking sector and provide secure, efficient services.
PMA Governor Yahya Shunnar highlighted that the agreement is crucial to advancing the banking sector’s infrastructure and ensuring the continued fulfillment of banking services. He emphasized the importance of collaborating with the telecommunications sector to provide secure solutions, enhance digital readiness, and improve the efficiency of banking operations. This will ultimately contribute to financial and economic stability in Palestine.
Governor Shunnar also expressed gratitude to Jawwal for its support in providing internet connectivity to banks in the Gaza Strip, helping them resume services to the public.
Jawwal CEO Abdulmajeed Melhem expressed pride in the partnership, noting that the collaboration aligns with the company’s mission to empower the digital community and provide high-quality services. He emphasized the importance of strategic partnerships to support the financial sector and continue leading the telecommunications and IT industry in Palestine with the latest technologies and global standards.
