Market Research Report
Payments Landscape in Israel: Opportunities and Risks to 2022
|Published by||GlobalData||Product code||659847|
|Published||Content info||50 Pages
Delivery time: 1-2 business days
|Payments Landscape in Israel: Opportunities and Risks to 2022|
|Published: February 14, 2019||Content info: 50 Pages||
Israel is one of the most developed payment card markets in the Middle East and Africa. Israelis are prolific users of payment cards; the frequency of card usage for payments stood at 169 in 2018, which is the highest in the region. The country's payment card market is unique in that it was developed as a deferred payment market, unlike debit and credit card markets elsewhere in the world. Charge cards accounted for 86.4% of the total payment card transaction value in 2018, and have been the main driver behind the growth of the payment card market.
The government has launched various initiates to promote the adoption of electronic payments in the country. The introduction of a cap on cash transactions and a reduction in interchange fees are some of the key regulatory measures the Bank of Israel (the country's central bank) undertook to drive electronic payments. The robust growth in e-commerce, adoption of EMV technology, new entrants in the merchant acquiring space and the emergence of digital-only banks are other important trends that were witnessed during the review period.
The report "Payments Landscape in Israel: Opportunities and Risks to 2022", provide detailed analysis of market trends in the Israeli cards and payments industry allowing banks and card issuers to identify segment dynamics and competitive advantages. 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 (2014-18e).
The 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 (2018e-22f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes, detailed regulatory policies and recent changes in regulatory structure.
The report provides top-level market analysis, information and insights into the Israeli cards and payments industry, including -