The Cards and Payments Industry in Israel – Emerging Trends and Opportunities to 2020

All the vital news, analysis, and commentary curated by our industry experts.

$2750

Buy Report Download FREE Resources

Published: April 30, 2017 Report Code: VR1212MR-ST

Report Overview
Key Players
Table of Contents
Table
Figures

GlobalData’s "The Cards and Payments Industry in Israel – Emerging Trends and Opportunities to 2020", report provides detailed analysis of market trends in the Israeli cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debit, check payments and payment cards during the review period (2012-2016).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2017-2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

The report provides top-level market analysis, information and insights into the Israeli cards and payments industry, including –
– Current and forecast values for each market in the Israeli cards and payments industry, including debit, credit and charge cards.
– Detailed insights into payment instruments including credit transfers, direct debit, checks and payment cards. It also, includes an overview of the country's key alternative payment instruments.
– E-commerce market analysis.
– Analysis of various market drivers and regulations governing the Israeli cards and payments industry.
– Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
– Comprehensive analysis of consumer attitudes and buying preferences for cards.
– The competitive landscape in Israel's cards and payments industry.

Key Highlights

– The emergence of digital only banks is likely to accelerate a shift towards electronic payments in Israel. The latest is the launch of mobile-only bank Pepper, by Bank Leumi, in February 2017 which offers savings and lending products. In January 2015, Bank Leumi launched a service enabling customers from all banks to open accounts via the internet or mobile apps, without visiting a bank branch.
– To increase competition in the Israeli merchant acquiring business, in April 2017 the central bank issued an acquirer license to Israel-based credit card processing company Tranzila Ltd. The central bank took numerous actions to remove barriers to entry in the merchant acquiring business. These include making the licensing process shorter and reducing the minimum capital requirement; a starting capital of US$259,620.9 (ILS1 million) is required for a new acquirer.
– To increase acceptance of debit cards among retailers in Israel, the central bank reduced the interchange fee from 0.7% to 0.3%. The new rate was implemented effective from April 1, 2016, and will be effective for one year. Other measures taken by the central bank include the removal of various charges associated with debit card transactions, and compulsory issuance of debit cards as a standalone product to both new and existing current accounts, free of charge.

Scope

– This report provides a comprehensive analysis of the Israeli cards and payments industry.

– It provides current values for the Israeli cards and payments industry for 2016, and forecast figures to 2020.

– It details the different demographic, economic, infrastructural and business drivers affecting the Israeli cards and payments industry.

– It outlines the current regulatory framework in the industry.

– It details marketing strategies used by various banks and other institutions.

Reasons to Buy

– Make strategic business decisions, using top-level historic and forecast market data, related to the Israeli cards and payments industry and each market within it.

– Understand the key market trends and growth opportunities in the Israeli cards and payments industry.

– Assess the competitive dynamics in the Israeli cards and payments industry.

– Gain insights into marketing strategies used for various card types in Israel.

– Gain insights into key regulations governing the Israeli cards and payments industry.

Bank Leumi
Bank Hapoalim
Isracard
ICC Cal
Visa
Mastercard
American Express
Diners Club

Table of Contents

1. EXECUTIVE SUMMARY 2

1.1. Market overview 2

1.2. Key facts 3

1.3. Top five industry events 4

2. PAYMENT INSTRUMENTS 10

2.1. Current payment environment 10

3. E-COMMERCE AND ALTERNATIVE PAYMENTS 12

3.1. E-Commerce market analysis 12

3.2. Alternative payment solutions 13

3.2.1. PayPal 13

3.2.2. MasterPass 13

3.2.3. Cal4U Wallet 13

3.2.4. Colu 13

3.2.5. Pelephone Digital Wallet 13

4. REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY 14

4.1. Regulatory framework 14

4.1.1. Regulation pertaining to cards 14

4.2. Anti-money laundering 15

4.3. Foreign direct investment regulations 16

5. ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS 17

6. PAYMENT CARDS 19

7. DEBIT CARDS 21

7.1. Debit cards market analysis 21

7.2. Competition in the debit cards market 23

7.3. Debit cards comparison 23

8. PAY LATER CARDS 24

8.1. Pay later cards market analysis 24

8.2. Competition in the pay later cards market 26

8.3. Pay later cards comparison 28

9. PREPAID CARDS 29

10. APPENDIX 30

10.1. Abbreviations and acronyms 30

10.2. Supplementary data 31

10.3. Definitions 43

10.4. Common payment card features 44

10.5. Methodology 45

10.6. Bibliography 47

10.7. Further reading 47

Table

List of Tables

Table 1: Israel, Key Facts, 2016 3

Table 2: Israel, Regional Benchmarking of Payment Cards, 2016 3

Table 3: Israel, Mode of Entry of Foreign Banks 16

Table 4: Israel, Debit Cards Comparison and Key Features, 2017 23

Table 5: Israel, Gold Credit Cards Comparison and Key Features, 2017 28

Table 6: Israel, Premium Credit Cards Comparison and Key Features, 2017 28

Table 7: Israel, Charge Cards Comparison and Key Features, 2017 28

Table 8: Israel, Payment Instrument Transaction Values (ILS Billion), 2012-2016 31

Table 9: Israel, Payment Instrument Transaction Values (US$ Billion), 2012-2016 31

Table 10: Israel, Payment Instrument Transaction Volumes (Million), 2012-2016 31

Table 11: Israel, Payment Cards in Circulation by Type (Million), 2012-2020 32

Table 12: Israel, Volume of Payment Card Transactions (Million), 2012-2020 32

Table 13: Israel, Value of Payment Card Transactions (ILS Billion), 2012-2020 32

Table 14: Israel, Value of Payment Card Transactions (US$ Billion), 2012-2020 32

Table 15: Israel, Debit Cards in Circulation (Thousand), 2012-2020 33

Table 16: Israel, Debit Card Transaction Volumes, 2012-2020 33

Table 17: Israel, Debit Card Transaction Values (ILS), 2012-2020 33

Table 18: Israel, Debit Card Transaction Values (US$), 2012-2020 34

Table 19: Israel, Debit Cards in Circulation by Scheme (Thousand), 2012-2016 34

Table 20: Israel, Debit Card Transaction Values by Scheme (ILS Billion), 2012-2016 34

Table 21: Israel, Debit Card Transaction Values by Scheme (US$ Billion), 2012-2016 34

Table 22: Israel, Debit Card Transaction Values by Issuer (ILS Billion), 2012-2016 34

Table 23: Israel, Debit Card Transaction Values by Issuer (US$ Billion), 2012-2016 35

Table 24: Israel, Pay Later Cards in Circulation (Million), 2012-2020 35

Table 25: Israel, Pay Later Card Transaction Volumes, 2012-2020 35

Table 26: Israel, Pay Later Card Transaction Values (ILS), 2012-2020 35

Table 27: Israel, Pay Later Card Transaction Values (US$), 2012-2020 36

Table 28: Israel, Pay Later Cards in Circulation by Scheme (Thousand), 2012-2016 36

Table 29: Israel, Pay Later Card Transaction Values by Scheme (ILS Billion), 2012-2016 36

Table 30: Israel, Pay Later Card Transaction Values by Scheme (US$ Billion), 2012-2016 37

Table 31: Israel, Pay Later Card Transaction Values by Issuer (ILS Billion), 2012-2016 37

Table 32: Israel, Pay Later Card Transaction Values by Issuer (US$ Billion), 2012-2016 37

Table 33: Israel, Credit Cards in Circulation (Million), 2012-2020 37

Table 34: Israel, Credit Card Transaction Volumes, 2012-2020 38

Table 35: Israel, Credit Card Transaction Values (ILS), 2012-2020 38

Table 36: Israel, Credit Card Transaction Values (US$), 2012-2020 38

Table 37: Israel, Credit Cards in Circulation by Scheme (Thousand), 2012-2016 39

Table 38: Israel, Credit Card Transaction Values by Scheme (ILS Million), 2012-2016 39

Table 39: Israel, Credit Card Transaction Values by Scheme (US$ Million), 2012-2016 39

Table 40: Israel, Charge Cards in Circulation (Million), 2012-2020 39

Table 41: Israel, Charge Card Transaction Volumes, 2012-2020 40

Table 42: Israel, Charge Card Transaction Values (ILS), 2012-2020 40

Table 43: Israel, Charge Card Transaction Values (US$), 2012-2020 40

Table 44: Israel, Charge Cards in Circulation by Scheme (Thousand), 2012-2016 41

Table 45: Israel, Charge Card Transaction Values by Scheme (ILS Billion), 2012-2016 41

Table 46: Israel, Charge Card Transaction Values by Scheme (US$ Billion), 2012-2016 41

Table 47: Israel, Prepaid Cards in Circulation (Thousand), 2012-2020 41

Table 48: Israel, Prepaid Card Transaction Values (ILS Billion), 2012-2020 42

Table 49: Israel, Prepaid Card Transaction Values (US$ Million), 2012-2020 42

Table 50: Definitions of Commonly Used Terms 43

Table 51: Common Features of Payment Cards 44

Figures

List of Figures

Figure 1: Israel, Payment Instrument Shares by Transaction Value (%), 2012 vs 2016 10

Figure 2: Israel, Payment Instrument Shares by Transaction Volume (%), 2012 vs 2016 11

Figure 3: Israel, E-Commerce Value 2012-2020 12

Figure 4: Israel, Population and Economic Indicators 17

Figure 5: Israel, ATMs, POS Terminals and Household Consumption 18

Figure 6: Israel, Payment Cards Transaction Value and Cards in Circulation, 2012-2020 19

Figure 7: Israel, Debit Card Penetration and Turnover Per Card 21

Figure 8: Israel, Debit Cards Scheme and Issuer Transaction Value Share, 2016 23

Figure 9: Israel, Pay Later Card Penetration and Turnover Per Card 24

Figure 10: Israel, Pay Later Cards Scheme and Issuer Transaction Value Share, 2016 26

Figure 11: Israel, Prepaid Cards in Circulation and Transaction Value, 2012-2020 29

Frequently asked questions

The Cards and Payments Industry in Israel – Emerging Trends and Opportunities to 2020 standard reports

Currency USD

Single User

$2,750

Can be used by individual purchaser only

Undecided about purchasing this report?

Enquire Before Buying Download FREE Resources

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Sample Report

The Cards and Payments Industry in Israel – Emerging Trends and Opportunities to 2020 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

Assess the relevance of the report
Evaluate the quality of the report
Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise. The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS

Related reports

View more Financial Services reports

Financial Services

New

Canada Life Insurance: Key Trends, Opportunities, and Risks to 2030

Financial Services

New

Colombia General Insurance: Key Trends, Opportunities, and Risks to 2030

Financial Services

New

China Cards and Payments: Opportunities and Risks to 2030

Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at The Cards and Payments Industry in Israel – Emerging Trends and Opportunities to 2020 in real time.

Access a live The Cards and Payments Industry in Israel – Emerging Trends and Opportunities to 2020 dashboard for 12 months, with up-to-the-minute insights.
Fuel your decision making with real-time deal coverage and media activity.
Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.

Tell me more

Reports

Reports by Sector

Report Type

The Cards and Payments Industry in Israel – Emerging Trends and Opportunities to 2020

Scope

Reasons to Buy

Table of Contents

Table

Figures

Frequently asked questions

Undecided about purchasing this report?

Get in touch to find out about multi-purchase discounts

Sample Report

Below is a sample report to understand what you are buying

Related reports