PMA and JAWWAL renew the agreement on internet services and the main and backup infrastructure networks that connect them to the banking sector

The Palestine Monetary Authority (PMA) and Palestine Telecommunications Company (Jawwal) have signed an agreement aimed at enhancing telecommunications solutions to support financial and banking operations in Palestine. This initiative is part of ongoing efforts to develop the technological infrastructure of the banking sector.

The agreement was signed at the PMA headquarters by Governor Yahya Shunnar and Jawwal CEO Abdulmajeed Melhem, in the presence of Deputy Governor Mohammed Manasrah, Jawwal Deputy CEO Ibrahim Kharman, and several senior executives from both parties.

The agreement focuses on connecting the PMA, banks, and financial institutions through primary and backup fiber-optic networks with high-speed connectivity, in addition to internet services and alternative site hosting both inside and outside Palestine. These measures aim to enhance and secure communication channels within the banking sector.

The PMA Governor, Mr. Yahya Shunnar, emphasized that this agreement aligns with the PMA’s ongoing efforts to implement the National Financial Inclusion Strategy in Palestine by providing a communication network that supports significant advancements in the banking sector’s infrastructure. This is to ensure continuous fulfillment of banking service beneficiaries’ needs. He stressed the importance of collaboration with the telecommunications sector to deliver more advanced and secure banking solutions, enhance the financial sector’s readiness to adapt to rapid digital advancements, and create a more efficient banking environment, ultimately contributing positively to financial and economic stability in Palestine.

The PMA Governor expressed his gratitude to Jawwal for its efforts in providing internet connectivity to banks in the Gaza Strip, which enabled them to resume their banking services to our people. He praised the company for its significant cooperation, which allowed the banking sector to continue offering services to the public.

On his part, the CEO of Palestine Telecommunications Company (Jawwal), Mr. Abdulmajeed Melhem, expressed pride in the ongoing partnership with the PMA, appreciating the trust the PMA has in Jawwal through its utilization of the company's connectivity services and technological solutions via its data centers, which are equipped to the highest standards using the latest technologies. Melhem added that this aligns with the company's core mission to empower the digital community and enhance the experience of its subscribers by creating an integrated digital environment. He emphasized the importance of strengthening strategic partnerships to support the financial sector by providing it with the latest technologies and the highest service standards, ensuring that the company continues to lead the telecommunications and information technology sector while offering high-quality services at global levels.