In 2023, the annual number of consumer electronic wire transfers over Israel’s ZAHAV payment system was estimated to be nearly 1.86 million transactions. This reflected a 26 percent increase in the number of transactions from the previous year. Over the observed period, the volume of digital wires grew relatively consistently.
Annual number of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023
(in 1,000s)
Data includes only 'consumer transactions' which are defined by the source as transactions of up to 1 million shekels.
The ZAHAV system is Israel’s real-time gross settlement (RTGS) system, managed by the Bank of Israel. It enables individuals, businesses, and financial institutions to make immediate, final, and secure money transfers, with each transaction settled instantly to reduce risk. The system is known for its stability and high availability.
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Bank of Israel. (August 11, 2024). Annual number of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in 1,000s) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1535842/israel-annual-wire-transfer-volume-over-zahav-system/
Bank of Israel. "Annual number of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in 1,000s)." Chart. August 11, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1535842/israel-annual-wire-transfer-volume-over-zahav-system/
Bank of Israel. (2024). Annual number of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in 1,000s). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1535842/israel-annual-wire-transfer-volume-over-zahav-system/
Bank of Israel. "Annual Number of Consumer Wire Transfer Transactions over Zahav Payment System in Israel from 2015 to 2023 (in 1,000s)." Statista, Statista Inc., 11 Aug 2024, https://www.statista.com/statistics/1535842/israel-annual-wire-transfer-volume-over-zahav-system/
Bank of Israel, Annual number of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in 1,000s) Statista, https://www.statista.com/statistics/1535842/israel-annual-wire-transfer-volume-over-zahav-system/ (last visited November 23, 2024)
Annual number of consumer wire transfer transactions over ZAHAV payment system in Israel from 2015 to 2023 (in 1,000s) [Graph], Bank of Israel, August 11, 2024. [Online]. Available: https://www.statista.com/statistics/1535842/israel-annual-wire-transfer-volume-over-zahav-system/
