Israel Cards and Payments Market Report- Top Companies, Trends and Growth Factors | Mastercard, American Express

The Israel Cards and Payments Market research report identifies key market trends and focuses on the significant trends and factors driving the market growth. In addition, Israel Cards and Payments Market analyses the global and key regions’ market potentials and advantages, opportunities and challenges, restraints and risks. Finally, the Israel Cards and Payments Market  research report strategically analyzes each submarket concerning market growth trends and their contribution.

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Top Companies Mentioned in this Report-

Isracard

ICC-CAL

MAX

Visa

Mastercard

American Express

Diners Club

Garmin Pay

Apple Pay

PayPal

FibiPay

PayBox

Bit

Neema

Cellarix

Israel Cards and Payments Market Report provides detailed analysis of market trends in Israel’s cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, direct debits, and cheques during the review-period (2017-21e).

Israel Cards and Payments Market Report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2021e-25f). It also offers information on the country’s competitive landscape, including market shares of issuers and schemes.

Israel Cards and Payments Market Report brings together RNR research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

This report provides top-level market analysis, information and insights into Israel’s cards and payments industry, including –
– Current and forecast values for each market in Israel’s cards and payments industry, including debit, credit and charge cards.
– Detailed insights into payment instruments including cards, credit transfers, direct debits, and cheques. It also, includes an overview of the country’s key alternative payment instruments.
– Ecommerce market analysis.
– Analysis of various market drivers and regulations governing Israel’s cards and payments industry.
– Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.

Scope of this Report-
– Alternative payments are increasingly gaining prominence in Israel. In May 2021, Apple Pay was launched – enabling users to make contactless in-store, online, and in-app payments. Major banks such as Bank Hapoalim, Bank Leumi, Bank Massad, Discount Bank, ICC-Cal, Isracard, and Max support Apple Pay. Previously, First International Bank launched its mobile payment app FibiPay in February 2021, enabling its customers to make contactless payments using Android smartphones. Meanwhile, in July 2020, Isracard launched a mobile app called Anypay, allowing users to make contactless payments using their Android smartphones. And Google is planning to launch Google Pay in Israel towards the end of Q3 2021.
– In order to reduce cash dependency in the country, the government approved the Law for the Reduction of Cash Use in March 2018, which limits the use of cash for both individuals and businesses. The law, which came into force from January 2019, restricted cash transactions to ILS11,000 ($3,422.30) involving businesses and ILS50,000 ($15,555.91) between individuals. The government reduced the limits to ILS6,000 ($1,866.71) for businesses and ILS15,000 ($4,666.77) for individuals from July 2020.
– The launch of digital-only banks in the country is likely to accelerate the shift away from cash towards electronic payments. Launched in March 2021, First Digital Bank is a digital-only bank with no bricks-and-mortar presence, approved by the Bank of Israel in 2019. All bank operations are conducted online, including opening a new bank account. Services include personal accounts, joint accounts, loans, deposits, credit cards, and foreign currencies. Previously, Bank Leumi launched its new digital bank Pepper in Israel in June 2017. Pepper is a mobile-only bank offering online accounts.

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Reasons to Buy this Report-
– Make strategic business decisions, using top-level historic and forecast market data, related to Israel’s cards and payments industry and each market within it.
– Understand the key market trends and growth opportunities in Israel’s cards and payments industry.
– Assess the competitive dynamics in Israel’s cards and payments industry.
– Gain insights into marketing strategies used for various card types in Israel.
– Gain insights into key regulations governing Israel’s cards and payments industry.