This is true for the phone: digital wallets already account for 7.5% of payments
The trend of increasing the use of digital wallets by the Israeli public continues: Expenditure on digital wallets amounted to NIS 1.147 billion in May, an increase of more than 10% compared to April and already constitutes 7.5% of total expenses in physical transactions
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19/06/2022
Sunday, 19 June 2022, 08:46 Updated: 09:16
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Data from * Shebaa (Automatic Banking Services), which manages the national payment card system in Israel *, show that the use and purchases through digital wallets continued to grow in May and amounted to NIS 1.147 billion, a figure that reflects an increase of 10.1% compared to April Since
the
introduction of the Google Pay digital wallet in December 2021, Israelis' spending on digital wallets has grown by 93.6%.
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Digital wallets already account for 7.5% of physical transactions (Photo: AP)
The ISA indicates that the share of expenses through digital wallets in physical transactions (purchases in the businesses themselves) reached a rate of 7.5%
during May .
Through digital wallets, they grew in the amount of about NIS 113 million.
Total expenses in physical transactions amounted to NIS 15.419 billion.
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