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Country Report

Credit Card Transactions in

Credit Cards in Israel

20 pages, Nov 2018

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Credit cards are used to finance large expenses

Credit cards is growing rapidly as a result of increased consumer spending, whilst disposable incomes are growing at a far slower rate. Private consumption is on the rise, driving economic growth; however, as growth in disposable incomes lags far behind, consumers must find different ways to finance their increased spending.

Attempts to curb spending on credit cards

The Bank of Israel is attempting to curb the growth of consumer credit by encouraging the use of debit cards and wiser financial management, but this has not been sufficient; therefore, unless more dramatic steps are taken, credit cards is expected to continue to see rapid growth during the forecast period.

The development of digital wallets may threaten credit cards

Ahead of the separation of banks and credit card companies, the banks are working hard to develop alternative growth engines – mainly through digital wallet applications, such as Pepper Pay and Bit, which have already been launched and are active in the market. These applications currently rely on charge cards, as the consumer must own a card that the application can charge.

COMPETITIVE LANDSCAPE

IsraCard ranks first in credit cards

IsraCard led credit cards both in terms of cards in circulation and in value terms in 2017. The company has reached its large share thanks to the consumer base of Bank Hapoalim, its owner, but also by cooperating with additional banks, such as Mizrahi Tefahot and First International Bank of Israel.

Banks will be required to sell their credit card companies

Due to regulation passed by the Bank of Israel, banks will be required to sell their credit card companies by 2021. This applies to Bank Leumi, which will have to sell Leumi Card, and Bank Hapoalim, which will have to sell IsraCard.

The prospect of a widening variety of credit solutions

As long as IsraCard is owned by Bank Hapoalim it is limited, as the bank restricts its interest and risk levels. However, once IsraCard operates independently of Bank Hapoalim, it is expected to raise its interest rates and offer a much wider variety of credit solutions.

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Overview

Why 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.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Credit Card Transactions industry in Israel with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Credit Card Transactions industry in Israel, our research will save you time and money while empowering you to make informed, profitable decisions.

The Credit Card Transactions in Israel market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Credit Card Transactions in Israel?
What are the major operators and issuers in Israel?
What is the current state and expected evolution of consumer payment preference?
What payment instrument offers the highest growth potential?
What strategies and positioning have consumer finance companies utilized to win in the market?

Why 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

Euromonitor’s industry reports, including Credit Card Transactions in Israel, originate from our database within our Consumer Finance market share and market size database

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Charge Cards in Israel - Category analysis

Charge Cards in Israel - Company Profile

HEADLINES

PROSPECTS

Rising private consumption drives growth in charge cards

Growth in travel boosts sales via charge cards

Digital wallets encourage the use of charge cards

COMPETITIVE LANDSCAPE

IsraCard leads charge cards

Banks lose a major source of income

Banks aggressively promote digital wallets

CATEGORY DATA

Table 1 Charge Cards: Number of Cards in Circulation 2013-2018
Table 2 Charge Cards Transactions 2013-2018
Table 3 Charge Cards in Circulation: % Growth 2013-2018
Table 4 Charge Cards Transactions: % Growth 2013-2018
Table 5 Commercial Charge Cards: Number of Cards in Circulation 2013-2018
Table 6 Commercial Charge Cards Transactions 2013-2018
Table 7 Commercial Charge Cards in Circulation: % Growth 2013-2018
Table 8 Commercial Charge Cards Transactions: % Growth 2013-2018
Table 9 Personal Charge Cards: Number of Cards in Circulation 2013-2018
Table 10 Personal Charge Cards Transactions 2013-2018
Table 11 Personal Charge Cards in Circulation: % Growth 2013-2018
Table 12 Personal Charge Cards Transactions: % Growth 2013-2018
Table 13 Charge Cards: Number of Cards by Issuer 2013-2017
Table 14 Charge Cards: Number of Cards by Operator 2013-2017
Table 15 Charge Cards Payment Transaction Value by Issuer 2013-2017
Table 16 Charge Cards Payment Transaction Value by Operator 2013-2017
Table 17 Commercial Charge Cards: Number of Cards by Issuer 2013-2017
Table 18 Commercial Charge Cards: Number of Cards by Operator 2013-2017
Table 19 Commercial Charge Cards Payment Transaction Value by Issuer 2013-2017
Table 20 Commercial Charge Cards Payment Transaction Value by Operator 2013-2017
Table 21 Personal Charge Cards: Number of Cards by Issuer 2013-2017
Table 22 Personal Charge Cards: Number of Cards by Operator 2013-2017
Table 23 Personal Charge Cards Transaction Value by Issuer 2013-2017
Table 24 Personal Charge Cards Transaction Value by Operator 2013-2017
Table 25 Forecast Charge Cards: Number of Cards in Circulation 2018-2023
Table 26 Forecast Charge Cards Transactions 2018-2023
Table 27 Forecast Charge Cards in Circulation: % Growth 2018-2023
Table 28 Forecast Charge Cards Transactions: % Growth 2018-2023
Table 29 Forecast Commercial Charge Cards: Number of Cards in Circulation 2018-2023
Table 30 Forecast Commercial Charge Cards Transactions 2018-2023
Table 31 Forecast Commercial Charge Cards in Circulation: % Growth 2018-2023
Table 32 Forecast Commercial Charge Cards Transactions: % Growth 2018-2023
Table 33 Forecast Personal Charge Cards: Number of Cards in Circulation 2018-2023
Table 34 Forecast Personal Charge Cards Transactions 2018-2023
Table 35 Forecast Personal Charge Cards in Circulation: % Growth 2018-2023
Table 36 Forecast Personal Charge Cards Transactions: % Growth 2018-2023

Credit Cards in Israel - Category analysis

Credit Cards in Israel - Company Profile

HEADLINES

PROSPECTS

Credit cards are used to finance large expenses

Attempts to curb spending on credit cards

The development of digital wallets may threaten credit cards

COMPETITIVE LANDSCAPE

IsraCard ranks first in credit cards

Banks will be required to sell their credit card companies

The prospect of a widening variety of credit solutions

CATEGORY DATA

Table 37 Credit Cards: Number of Cards in Circulation 2013-2018
Table 38 Credit Cards Transactions 2013-2018
Table 39 Credit Cards in Circulation: % Growth 2013-2018
Table 40 Credit Cards Transactions: % Growth 2013-2018
Table 41 Commercial Credit Cards: Number of Cards in Circulation 2013-2018
Table 42 Commercial Credit Cards Transactions 2013-2018
Table 43 Commercial Credit Cards in Circulation: % Growth 2013-2018
Table 44 Commercial Credit Cards Transactions: % Growth 2013-2018
Table 45 Personal Credit Cards: Number of Cards in Circulation 2013-2018
Table 46 Personal Credit Cards Transactions 2013-2018
Table 47 Personal Credit Cards in Circulation: % Growth 2013-2018
Table 48 Personal Credit Cards Transactions: % Growth 2013-2018
Table 49 Credit Cards: Number of Cards by Issuer 2013-2017
Table 50 Credit Cards: Number of Cards by Operator 2013-2017
Table 51 Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 52 Credit Cards Payment Transaction Value by Operator 2013-2017
Table 53 Commercial Credit Cards: Number of Cards by Issuer 2013-2017
Table 54 Commercial Credit Cards: Number of Cards by Operator 2013-2017
Table 55 Commercial Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 56 Commercial Credit Cards Payment Transaction Value by Operator 2013-2017
Table 57 Personal Credit Cards: Number of Cards by Issuer 2013-2017
Table 58 Personal Credit Cards: Number of Cards by Operator 2013-2017
Table 59 Personal Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 60 Personal Credit Cards Payment Transaction Value by Operator 2013-2017
Table 61 Forecast Credit Cards: Number of Cards in Circulation 2018-2023
Table 62 Forecast Credit Cards Transactions 2018-2023
Table 63 Forecast Credit Cards in Circulation: % Growth 2018-2023
Table 64 Forecast Credit Cards Transactions: % Growth 2018-2023
Table 65 Forecast Commercial Credit Cards: Number of Cards in Circulation 2018-2023
Table 66 Forecast Commercial Credit Cards Transactions 2018-2023
Table 67 Forecast Commercial Credit Cards in Circulation: % Growth 2018-2023
Table 68 Forecast Commercial Credit Cards Transactions: % Growth 2018-2023
Table 69 Forecast Personal Credit Cards: Number of Cards in Circulation 2018-2023
Table 70 Forecast Personal Credit Cards Transactions 2018-2023
Table 71 Forecast Personal Credit Cards in Circulation: % Growth 2018-2023
Table 72 Forecast Personal Credit Cards Transactions: % Growth 2018-2023

Debit Cards in Israel - Category analysis

Debit Cards in Israel - Company Profile

HEADLINES

PROSPECTS

Bank of Israel encourages growth in debit cards

Mostly used by consumers with low incomes

A further reduction in debit card clearing fees

COMPETITIVE LANDSCAPE

IsraCard leads debit cards

A lack of effort to promote debit cards

CATEGORY DATA

Table 73 Debit Cards: Number of Cards in Circulation 2013-2018
Table 74 Debit Cards Transactions 2013-2018
Table 75 Debit Cards in Circulation: % Growth 2013-2018
Table 76 Debit Cards Transactions: % Growth 2013-2018
Table 77 Debit Cards: Number of Cards by Issuer 2013-2017
Table 78 Debit Cards: Number of Cards by Operator 2013-2017
Table 79 Debit Cards Payment Transaction Value by Issuer 2013-2017
Table 80 Debit Cards Payment Transaction Value by Operator 2013-2017
Table 81 Forecast Debit Cards: Number of Cards in Circulation 2018-2023
Table 82 Forecast Debit Cards Transactions 2018-2023
Table 83 Forecast Debit Cards in Circulation: % Growth 2018-2023
Table 84 Forecast Debit Cards Transactions: % Growth 2018-2023

Pre-Paid Cards in Israel - Category analysis

Pre-Paid Cards in Israel - Company Profile

HEADLINES

PROSPECTS

The leap in international travel boosts the growth of open loop pre-paid cards

Growth in closed loop pre-paid cards is threatened by digital solutions

Poor public transport hampers the growth of public transportation cards

COMPETITIVE LANDSCAPE

Bank Leumi ranks first in cards in circulation

Plus Card launched in 2018

Open loop pre-paid cards are available mostly through Israel Post

CATEGORY DATA

Table 85 Pre-paid Cards: Number of Cards in Circulation 2013-2018
Table 86 Pre-paid Cards Transactions 2013-2018
Table 87 Pre-paid Cards in Circulation: % Growth 2013-2018
Table 88 Pre-paid Cards Transactions: % Growth 2013-2018
Table 89 Closed Loop Pre-paid Cards Transactions 2013-2018
Table 90 Closed Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 91 Open Loop Pre-paid Cards Transactions 2013-2018
Table 92 Open Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 93 Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 94 Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 95 Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 96 Pre-paid Cards Transaction Value by Operator 2013-2017
Table 97 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 98 Closed Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 99 Closed Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 100 Closed Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 101 Open Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 102 Open Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 103 Open Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 104 Open Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 105 Forecast Pre-paid Cards: Number of Cards in Circulation 2018-2023
Table 106 Forecast Pre-paid Cards Transactions 2018-2023
Table 107 Forecast Pre-paid Cards in Circulation: % Growth 2018-2023
Table 108 Forecast Pre-paid Cards Transactions: % Growth 2018-2023
Table 109 Forecast Closed Loop Pre-paid Cards Transactions 2018-2023
Table 110 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2018-2023
Table 111 Forecast Open Loop Pre-paid Cards Transactions 2018-2023
Table 112 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2018-2023

Store Cards in Israel - Category analysis

Store Cards in Israel - Company Profile

PROSPECTS

Financial Cards and Payments in Israel - Industry Overview

EXECUTIVE SUMMARY

Growth is driven by the gap between consumption and income

EMV implementation delayed once again

Online purchases boost growth in charge cards

Credit card companies to separate from banks

Consumer behaviour is expected to change over the forecast period

MARKET INDICATORS

Table 113 Number of POS Terminals: Units 2013-2018
Table 114 Number of ATMs: Units 2013-2018
Table 115 Value Lost to Fraud 2013-2018
Table 116 Card Expenditure by Location 2017
Table 117 Financial Cards in Circulation by Type: % Number of Cards 2013-2018
Table 118 Domestic versus Foreign Spend 2018

MARKET DATA

Table 119 Financial Cards by Category: Number of Cards in Circulation 2013-2018
Table 120 Financial Cards by Category: Number of Accounts 2013-2018
Table 121 Financial Cards Transactions by Category: Value 2013-2018
Table 122 Financial Cards by Category: Number of Transactions 2013-2018
Table 123 Consumer Payments by Category: Value 2013-2018
Table 124 Consumer Payments by Category: Number of Transactions 2013-2018
Table 125 M-Commerce by Category: Value 2013-2018
Table 126 M-Commerce by Category: % Value Growth 2013-2018
Table 127 Financial Cards: Number of Cards by Issuer 2013-2017
Table 128 Financial Cards: Number of Cards by Operator 2013-2017
Table 129 Financial Cards: Card Payment Transactions Value by Operator 2013-2017
Table 130 Financial Cards: Card Payment Transactions Value by Issuer 2013-2017
Table 131 Forecast Financial Cards by Category: Number of Cards in Circulation 2018-2023
Table 132 Forecast Financial Cards by Category: Number of Accounts 2018-2023
Table 133 Forecast Financial Cards Transactions by Category: Value 2018-2023
Table 134 Forecast Financial Cards by Category: Number of Transactions 2018-2023
Table 135 Forecast Consumer Payments by Category: Value 2018-2023
Table 136 Forecast Consumer Payments by Category: Number of Transactions 2018-2023
Table 137 Forecast M-Commerce by Category: Value 2018-2023
Table 138 Forecast M-Commerce by Category: % Value Growth 2018-2023

Megatrends

Country Report

Credit Cards in Israel

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Credit cards are used to finance large expenses

Attempts to curb spending on credit cards

The development of digital wallets may threaten credit cards

COMPETITIVE LANDSCAPE

IsraCard ranks first in credit cards

Banks will be required to sell their credit card companies

The prospect of a widening variety of credit solutions

Overview

Why buy this report?

SAMPLES

Delivery Method

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in Israel - Category analysis

Charge Cards in Israel - Company Profile

HEADLINES

PROSPECTS

Rising private consumption drives growth in charge cards

Growth in travel boosts sales via charge cards

Digital wallets encourage the use of charge cards

COMPETITIVE LANDSCAPE

IsraCard leads charge cards

Banks lose a major source of income

Banks aggressively promote digital wallets

CATEGORY DATA

Credit Cards in Israel - Category analysis

Credit Cards in Israel - Company Profile

HEADLINES

PROSPECTS

Credit cards are used to finance large expenses

Attempts to curb spending on credit cards

The development of digital wallets may threaten credit cards

COMPETITIVE LANDSCAPE

IsraCard ranks first in credit cards

Banks will be required to sell their credit card companies

The prospect of a widening variety of credit solutions

CATEGORY DATA

Debit Cards in Israel - Category analysis

Debit Cards in Israel - Company Profile

HEADLINES

PROSPECTS

Bank of Israel encourages growth in debit cards

Mostly used by consumers with low incomes

A further reduction in debit card clearing fees

COMPETITIVE LANDSCAPE

IsraCard leads debit cards

A lack of effort to promote debit cards

CATEGORY DATA

Pre-Paid Cards in Israel - Category analysis

Pre-Paid Cards in Israel - Company Profile

HEADLINES

PROSPECTS

The leap in international travel boosts the growth of open loop pre-paid cards

Growth in closed loop pre-paid cards is threatened by digital solutions

Poor public transport hampers the growth of public transportation cards

COMPETITIVE LANDSCAPE

Bank Leumi ranks first in cards in circulation

Plus Card launched in 2018

Open loop pre-paid cards are available mostly through Israel Post

CATEGORY DATA

Store Cards in Israel - Category analysis

Store Cards in Israel - Company Profile

PROSPECTS

Financial Cards and Payments in Israel - Industry Overview

EXECUTIVE SUMMARY

Growth is driven by the gap between consumption and income

EMV implementation delayed once again

Online purchases boost growth in charge cards

Credit card companies to separate from banks

Consumer behaviour is expected to change over the forecast period

MARKET INDICATORS