PROSPECTS AND OPPORTUNITIES
Transactions value set to rise throughout forecast period
The government’s decision to address the rising deficit by increasing VAT from 17% to 18% in January 2025 is expected to lead to further price increases across the market. In addition to the VAT hike, plans are underway to introduce other tax increases, although specific measures have not yet been finalised.
Persistent economic uncertainty supports continued growth
Economic uncertainty remains a significant factor driving the growth of debit card usage. As the safest and most stable financial card option, debit cards will see continued growth throughout the forecast period.
M-commerce to become greater threat to category progress and development
The continued expansion of m-commerce is transforming payment habits in Israel, with consumers increasingly embracing this convenient and accessible method. As mobile commerce grows in popularity, it is expected to limit the growth of physical card payments over the forecast period.
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Overview:
Understand the latest market trends and future growth opportunities for the Debit 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 Debit 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 Debit 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 Debit Card Transactions in Israel?
- What are the major trends key to understanding Debit 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:
Debit Card Transactions
- Commercial Debit Card Transactions
- Personal Debit Card Transactions
Debit Card Transactions
Debit cards merge the functionality of both an ATM card and direct payment from a bank account (a check substitute in some markets). A debit card allows the cardholder to receive cash and monitor account activity at an ATM machine, as well as pay for goods and services via a point-of-sale terminal. A debit card payment transaction involves the automatic withdrawal of funds from the cardholder’s demand deposit bank account (checking or giro). Since the funds are removed from a bank account, no interest is charged on payments. 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 Debit Card Transactions research and analysis database.
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