About

The PEGASE Financial Sector Digitalisation and Oversight Reform (PFDOR) initiative is part of the EU-funded “PEGASE: Direct Financial Support to the Palestinian Authority 2025” and “PEGASE: Direct Financial Support to the Palestinian Authority 2026–2027” programmes. With a total budget of €2,000,000, the project aims to strengthen the resilience, transparency, and digital advancement of the Palestinian financial sector.

Key focus areas include digital payments, virtual assets, Central Bank Digital Currencies (CBDCs), modernisation of the Supervisory Review and Evaluation Process (SREP), and structured Public-Private Partnerships (PPPs) for financial infrastructure. The initiative will support enhanced interoperability of domestic and cross-border payment systems, improved cybersecurity oversight, stronger operational resilience, and increased adoption of digital payments to foster financial inclusion and consumer trust.

Activities will involve strengthening regulatory and supervisory frameworks for virtual assets, assessing implications of external CBDCs, and modernising risk-based supervision through ICT and supervisory technology tools. The project will also promote merchant adoption, interoperability solutions, and inclusive financial market development through collaboration with banks, payment service providers, fintech companies, and infrastructure operators.

The programme will be implemented in cooperation between EU Member State partners and the Palestinian Monetary Authority (PMA), providing technical assistance, policy guidance, and institutional support. The maximum project duration is up to 24 months, with funding available for eligible initiatives that contribute to financial stability, consumer protection, and digital innovation in Palestine.

Eligibility

Eligible applicants must be legally recognized entities capable of implementing financial sector reforms and digital innovation projects in Palestine. Applicants may include public institutions, banks, payment service providers, fintech companies, and infrastructure operators engaged in financial services. Proposals must demonstrate technical capacity, compliance with PMA regulations, and alignment with EU financial oversight standards.

Applicants must not be listed under European Union restrictive measures. Evaluation will consider institutional capacity, relevance to programme objectives, contribution to financial inclusion and stability, and ability to deliver measurable outcomes within the project duration. All eligibility checks will be conducted by the PMA in accordance with applicable administrative and international verification procedures.

Post Date: June 18, 2026