Credit cards in Israel struggled amid rising economic uncertainty and high interest rates in 2024. A noticeable shift has emerged among locals towards safer payment methods, and debit and charge cards are increasingly favoured as they provide a straightforward and reliable means of managing expenses without accruing unnecessary debt. The stability and control offered by these methods are particularly appealing in an environment marked by financial unpredictability.
Euromonitor International's Credit Card Transactions in Israel report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Credit Card Transactions, Personal Credit Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Credit Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Credit Cards in Israel
Euromonitor International
January 2025
List Of Contents And Tables
CREDIT CARDS IN ISRAEL
KEY DATA FINDINGS
2024 DEVELOPMENTS
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
PROSPECTS AND OPPORTUNITIES
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
CATEGORY DATA
Table 1 Credit Cards: Number of Cards in Circulation 2019-2024
Table 2 Credit Cards Transactions 2019-2024
Table 3 Credit Cards in Circulation: % Growth 2019-2024