About
Mahfazati is the e-wallet app of PalPay Ltd., a digital payments company set up in 2010 by Bank of Palestine, and is regulated and supervised by the Palestine Monetary Authority. No bank account is needed: users load the wallet with cash at PalPay's authorised agents, from Bank of Palestine or Arab Islamic Bank apps, or at ATMs using the Visa card issued through the app. The balance pays merchants by QR code, settles bills and sends money to other users, and a free virtual or physical Visa card extends it to online shops and card terminals. In Gaza, a UNCDF-funded PalPay project onboarded nearly 1,000 merchants through 2025.
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