Israel – preferred payment methods

Israel

General Information

Population 8.8 m
Population 15 + 6.3 m
Online population 8.4 m
Area 22,145 km²
Currency ILS
GDP 467.5 bn $US
GDP per capita 53,190 $US

Card-based payments
Wallets
Other

[{"label":"Card-based payments","value":"74"},{"label":"Wallets","value":"26"},{"label":"Other","value":"1"}]

Banked population

Israel 93%
Middle East & Africa 46%
World 67%

Credit card penetration

Israel 76%
Middle East & Africa 8%
World 19%

Internet penetration

Israel 95%
Middle East & Africa 47%
World 62%

Smartphone penetration

Israel 82%
Middle East & Africa 43%
World 70%

The Israeli social commerce sector is expected to grow by 53.5% to reach 830.1 m $US in 2022, and to grow by CAGR 46% from 2022 to 2028 to be worth 7,632.1 m $US.

Cainiao Network, the logistics section of Alibaba Group Holding, has opened its first automatic distribution centre and warehouse in Israel. Estimations from Cainiao are that it can improve the last mile delivery time by 25%, lowering the average delivery time from 12 days.

From the beginning of August 2022, if Israelis want to pay in cash there is a maximum amount they can transact in place. If it is with another person, they can spend up to 1,760 $US with a business and 4,400 $US with another individual.

The most popular Israeli e-commerce website in July 2022 was duellinksmeta.com with 9.78 m.

Future e-commerce trends (2021-2026)

B2C e-commerce ($US billion)

2022 12.6

2023 14.5

2024 16.3

2025 18.1

2026 19.9

E-commerce spending per capita ($US)

2022 1321

2023 1495

2024 1657

2025 1820

2026 1971

E-commerce spending as % of GDP

2022 2.4%

2023 2.6%

2024 2.8%

2025 3.0%

2026 3.1%

Israel

The E-Commerce Market

Top e-commerce segments

Fashion: 29%
Electronics & Media: 25%
Toys, Hobby & DIY: 18%
Food & Personal Care: 15%
Furniture & Appliances: 12%

Cross-border e-commerce

% of online shoppers who have shopped cross-border – 84%

Top 3 cross-border shopping origin markets

US
China
Belgium

B2C e-commerce growth 20->21

Israel 9.4%

E-commerce % of total retail

Israel 8%
Middle East & Africa 9%
World 20%

E-commerce completed on a mobile device

Israel 39%
Middle East & Africa 47%
World 53%

The Credit Card Split

Visa
Mastercard
American Express
Local Schemes
Other

[{"label":"Visa","value":"37"},{"label":"Mastercard","value":"26"},{"label":"American Express","value":"6"},{"label":"Local Schemes","value":"16"},{"label":"Other","value":"15"}]

E-commerce market size 10.9 bn $US
E-commerce spending per capita 1,160 $US
E-commerce spending as % of GDP 2.2%

_{The information on our Insights pages has been compiled by us in cooperation with Datamatics and Wright & Brown. The data shown is partially owned by us and partially owned by GlobalData. © 2021 by PPRO Financial Ltd. No data and information can be used for any further publication without the explicit approval of PPRO.}

Israel

Local Payment Methods

BitPay

Type Cryptocurrency Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Hyperwallet

Type Bank transfer, Gift card, Prepaid voucher Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High PayPal

Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Paysera

Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Skrill

Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Allied Wallet

Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High UnionPay SecurePay

Type Local payment card Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Apple Pay

Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High DaoPay

Type Carrier billing Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Google Pay