The public got used to it easily:
Data from the Shebaa (Automatic Banking Services) company, which manages the national credit card payment system in Israel, shows that the use and purchases through digital wallets continued to grow in May and amounted to NIS 1.147 billion, an increase of 10.1% compared to Month April.
Since the introduction of the Google Pay digital wallet, in December 2021, Israelis' spending on digital wallets has grown by 93.6%.
The ISA company points out 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 113 million shekels.
Total expenses in physical transactions amounted to NIS 15.419 billion.
According to data from the ISA, the increase in the use of smart transactions by the Israeli public continued. The total expenditure on transactions through the EMV system reached a peak and amounted to NIS 26.233 billion out of a total expenditure of NIS 37.049 billion.
Sheba's CEO Eitan Lev Tov told Israel Today: "Digital wallets are the fastest growing type of payments in Israel over the past year. The Israeli public has been thirsty for the entry of advanced technology into the world of payments."
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