We believe that innovation, facilitated by financial technology, has the potential of enhancing financial inclusion and driving wider economic development in Palestine. Our policy is therefore to encourage innovative business models in the non-banking financial services sector, that utilise financial technology to overcome previous limitation and deliver better solutions to citizens and businesses in Palestine. This policy aims to achieve the following core objectives:
- Expanding the formal financial sector at the expense of the informal financial sector
- Contribute to the horizontal expansion of services and products provided by the non-banking financial sectors, by reaching new and unserved groups in the Palestinian society
- Enhancing financial inclusion by increasing access and use of non-banking financial services and products by all target groups, particularly entrepreneurs and owners of small, medium and micro enterprises
- Reducing the costs of financial services and products through the use of financial technology, and the development of new financial services and products.
- Contribute to financial stability and integrity of the financial sector and protect the rights of customers
Our support is open to start-ups, existing non-banking financial services institutions and corporations (such as telecommunications companies), wishing to launch innovative financial services solutions. Ebtaker is designed to be an open, supportive and friendly environment that provides regulatory support for innovators.
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