Israel Credit Cards Market Size, Share, & Trends Analysis Report by Card Type (General Purpose Credit Cards, Specialty & Other Credit Cards), by Application (Food & Groceries, Health & Pharmacy, Restaurants & Bars, Consumer Electronics, Media & Entertainment, Travel & Tourism, Other Applications), by Provider (Visa, MasterCard, Other Providers), and Forecasts 2022-2032
Israel Credit Cards Market is projected to be valued at USD 2023 to USD 130.68 billion in 2023, expanding at a CAGR of 9.0% during the forecast period 2024-2032. Credit cards are widely accepted across various transactions in Israel, encompassing in-person purchases, online shopping, and bill payments. Major businesses, service providers, and retailers in Israel accept credit cards, reinforcing their significance in the nation's financial ecosystem. The Bank of Israel regulates the market, ensuring fair practices and consumer protection through guidelines covering interest rates, fees, credit limits, and disclosure requirements.
Credit card issuers in Israel frequently offer an array of rewards and benefits to cardholders, including cashback programs, travel rewards, purchase discounts, airline miles, loyalty points, and exclusive offers. These incentives enhance the value proposition of credit card usage and encourage widespread adoption. Unlike in the U.S., contesting credit card charges in Israel is limited to unauthorized transactions. Foreign-issued MasterCard and Visa cards are broadly accepted, providing additional flexibility to consumers.
The Israel credit cards market is characterized by a high penetration rate and a competitive landscape driven by technological advancements and consumer preferences. Major players include banks such as Bank Hapoalim, Bank Leumi, and Israel Discount Bank, as well as non-bank issuers like Isracard and Cal (Israel Credit Cards Ltd.). The market has seen significant growth due to the increasing adoption of digital payment solutions and the shift towards cashless transactions. Innovations in fintech and mobile banking have further fueled this growth, providing consumers with more convenient and secure payment options. Regulatory changes by the Bank of Israel aimed at promoting competition have also played a pivotal role in shaping the market dynamics. Additionally, reward programs, loyalty schemes, and partnerships with retailers and service providers are key strategies used by issuers to attract and retain customers. As the market continues to evolve, trends such as contactless payments, biometric authentication, and integration with e-commerce platforms are expected to drive further development in the sector.
Major market players included in this report are:
Isracard
Leumi Bank
CAL (Israel Credit Cards Ltd.)
American Express
Israel Discount Bank
Bank Hapoalim
Mizrahi-Tefahot Bank
First International Bank of Israel
BNP Paribas Israel
Visa Israel
Mastercard Israel
Pepper by Bank Leumi
Bank Yahav
Mizrahi-Tefahot Bank
Union Bank of Israel
The detailed segments and sub-segment of the market are explained below:
By Card Type:
General Purpose Credit Cards
Specialty & Other Credit Cards
By Application:
Food & Groceries
Health & Pharmacy
Restaurants & Bars
Consumer Electronics
Media & Entertainment
Travel & Tourism
Other Applications
By Provider:
Visa
MasterCard
Other Providers
Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized regional level analysis for each market segment.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
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- Chapter 1. Israel Credit Cards Market Executive Summary
- 1.1. Israel Credit Cards Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Card Type
- 1.3.2. By Application
- 1.3.3. By Provider
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
- Chapter 2. Israel Credit Cards Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer’s Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Israel Credit Cards Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing Consumer Usage
- 3.1.2. Attractive Rewards Programs
- 3.2. Market Challenges
- 3.2.1. Regulatory Constraints
- 3.2.2. Interest Rates and Fees
- 3.3. Market Opportunities
- 3.3.1. Growth in Digital Payments
- 3.3.2. Expansion of E-Commerce
- Chapter 4. Israel Credit Cards Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.1.7. Porter’s 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Israel Credit Cards Market Size & Forecasts by Card Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Israel Credit Cards Market: Card Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. General Purpose Credit Cards
- 5.2.2. Specialty & Other Credit Cards
- Chapter 6. Israel Credit Cards Market Size & Forecasts by Application 2022-2032
- 6.1. Segment Dashboard
- 6.2. Israel Credit Cards Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Food & Groceries
- 6.2.2. Health & Pharmacy
- 6.2.3. Restaurants & Bars
- 6.2.4. Consumer Electronics
- 6.2.5. Media & Entertainment
- 6.2.6. Travel & Tourism
- 6.2.7. Other Applications
- Chapter 7. Israel Credit Cards Market Size & Forecasts by Provider 2022-2032
- 7.1. Segment Dashboard
- 7.2. Israel Credit Cards Market: Provider Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Visa
- 7.2.2. MasterCard
- 7.2.3. Other Providers
- Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Isracard
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Leumi Bank
- 8.3.3. CAL (Israel Credit Cards Ltd.)
- 8.3.4. American Express
- 8.3.5. Israel Discount Bank
- 8.3.6. Bank Hapoalim
- 8.3.7. Mizrahi-Tefahot Bank
- 8.3.8. First International Bank of Israel
- 8.3.9. BNP Paribas Israel
- 8.3.10. Visa Israel
- 8.3.11. Mastercard Israel
- 8.3.12. Pepper by Bank Leumi
- 8.3.13. Bank Yahav
- 8.3.14. Mizrahi-Tefahot Bank
- 8.3.15. Union Bank of Israel
- Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- List of Tables
- TABLE 1. Israel Credit Cards Market, Report Scope
- TABLE 2. Israel Credit Cards Market Estimates & Forecasts by Region 2022-2032 (USD Billion)
- TABLE 3. Israel Credit Cards Market Estimates & Forecasts by Card Type 2022-2032 (USD Billion)
- TABLE 4. Israel Credit Cards Market Estimates & Forecasts by Application 2022-2032 (USD Billion)
- TABLE 5. Israel Credit Cards Market Estimates & Forecasts by Provider 2022-2032 (USD Billion)
- This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.
- List of Figures
- FIGURE 1. Israel Credit Cards Market, Research Methodology
- FIGURE 2. Israel Credit Cards Market, Market Estimation Techniques
- FIGURE 3. Israel Market Size Estimates & Forecast Methods
- FIGURE 4. Israel Credit Cards Market, Key Trends 2023
- FIGURE 5. Israel Credit Cards Market, Growth Prospects 2022-2032
- FIGURE 6. Israel Credit Cards Market, Porters 5 Force Model
- FIGURE 7. Israel Credit Cards Market, PESTEL Analysis
- FIGURE 8. Israel Credit Cards Market, Value Chain Analysis
- FIGURE 9. Israel Credit Cards Market by Segment, 2022 & 2032 (USD Billion)
- This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.
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