Payment cards accounted for over 73 percent of the total transactions in Israel during 2022. The share of payment cards was nearly 47 percent larger than all other payment methods combined. They were followed by digital MASAV credits and debits, which constituted about 20 percent of the total transactions. Interestingly, while payment cards were by far the most commonly used payment method, they accounted for less than three percent of the total value of payments.
Share of total volume of payments in Israel in 2022, by method of payment
'Direct ZAHAV credit', refers to digital payments that are made by automated means, the ZAHAV system, Israel's real-time gross settlement system (RGTS).
'Direct MASAV credit' refers to credits that are initiated by the debited party over the MASAV system, Israel's automated clearing house (ACH).
'Direct MASAV debit' refers to credits that are executed only through the Debits Credits and Transfers system, and are initiated by the beneficiary. They are conducted over the MASAV system, Israel's automated clearing house (ACH).
'Payment cards' are typically issued by a bank or credit card company according to a contract with the cardholder. This category also includes loyalty club cards, gift cards, prepaid cards and other forms of payment cards.
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Bank of Israel. (August 11, 2024). Share of total volume of payments in Israel in 2022, by method of payment [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/1535998/israel-share-of-payment-transactions-methods/
Bank of Israel. "Share of total volume of payments in Israel in 2022, by method of payment." Chart. August 11, 2024. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/1535998/israel-share-of-payment-transactions-methods/
Bank of Israel. (2024). Share of total volume of payments in Israel in 2022, by method of payment. Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/1535998/israel-share-of-payment-transactions-methods/
Bank of Israel. "Share of Total Volume of Payments in Israel in 2022, by Method of Payment." Statista, Statista Inc., 11 Aug 2024, https://www.statista.com/statistics/1535998/israel-share-of-payment-transactions-methods/
Bank of Israel, Share of total volume of payments in Israel in 2022, by method of payment Statista, https://www.statista.com/statistics/1535998/israel-share-of-payment-transactions-methods/ (last visited December 04, 2024)
Share of total volume of payments in Israel in 2022, by method of payment [Graph], Bank of Israel, August 11, 2024. [Online]. Available: https://www.statista.com/statistics/1535998/israel-share-of-payment-transactions-methods/
