PROSPECTS AND OPPORTUNITIES
Economic woes will continue to impact category
Geopolitical uncertainty is exerting a significant drag on the local economy, resulting in slower growth and increased fiscal pressure. A rising deficit is expected to lead to higher taxes, further straining household finances.
Persistent growth of mobile proximity payments will continue to curb potential for progress
Mobile proximity payments has experienced rapid growth in recent years, driven by its ease and convenience. Local consumers have embraced this payment method rapidly, and it is expected to maintain its strong upward trajectory over the forecast period.
IsraCard likely to remain leader in charge cards throughout forecast period
IsraCard continued to lead charge cards in terms of both number of cards and retail value in 2023, with its closest competitors a long way behind. Max IT Finance ranked second in number of cards and third in retail value, while ICC CAL was third in number of cards and second in retail value.
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Overview:
Understand the latest market trends and future growth opportunities for the Charge Card Transactions industry in Israel with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Charge Card Transactions industry in Israel, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Charge Card Transactions in Israel report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Charge Card Transactions in Israel?
- What are the major trends key to understanding Charge Card Transactions in Israel?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Charge Cards in Israel - Category analysis
Charge Cards in Israel - Company Profile
KEY DATA FINDINGS
High interest rates support growth for charge cards category in 2024
Continued growth for non-bank cards
Digital wallets represent rising threat to plastic charge cards
Economic woes will continue to impact category
Persistent growth of mobile proximity payments will continue to curb potential for progress
IsraCard likely to remain leader in charge cards throughout forecast period
Credit Cards in Israel - Category analysis
Credit Cards in Israel - Company Profile
KEY DATA FINDINGS
Consumer shift towards safer payment options hampers growth for credit cards
Non-bank cards continue to grow, while Bank of Israels mandates divestment of Visa Cal
M-commerce goes from strength to strength, dampening growth for credit cards
Popular payment apps to charge fees from 2025
Growth of m-commerce will impact credit cards
E-commerce and travel will continue to support credit card usage
Debit Cards in Israel - Category analysis
Debit Cards in Israel - Company Profile
KEY DATA FINDINGS
Economic uncertainty supports growth in debit cards in 2024
Rising prices push up spending
Digital wallets gain ground, undermine growth of physical cards
Transactions value set to rise throughout forecast period
Persistent economic uncertainty supports continued growth
M-commerce to become greater threat to category progress and development
Pre-Paid Cards in Israel - Category analysis
Pre-Paid Cards in Israel - Company Profile
KEY DATA FINDINGS
Reduced travel hinders growth in pre-paid cards in 2024
Category sees growth in pre-paid cards for children
Increase in payment apps for public transportation undermines growth in closed loop pre-paid cards
E-commerce to support open loop pre-paid cards
Open loop cards to benefit from recovery in travel
Closed loop pre-paid cards will continue to decline during forecast period
Financial Cards and Payments in Israel - Industry Overview
Financial cards and payments in 2024: The big picture
2024 key trends
Fintech does well despite challenging context
Competitive landscape
What next for financial cards and payments?
DISCLAIMER
The following categories and subcategories are included:
Charge Card Transactions
- Commercial Charge Card Transactions
- Personal Charge Card Transactions
Charge Card Transactions
A charge card (sometimes referred to as a Travel and Entertainment card) shares the “pay later” component with credit cards. However, charge card balances normally have to be paid off monthly and do not attract interest charges. Charge cards typically possess high (or even no) pre-set spending limits and may carry a high annual fee. Payments are tracked based on the country of residence / account issuance and include outbound spend while excluding inbound spend.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Charge Card Transactions research and analysis database.
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