Israelis Spend 26.5% More on Election Day Compared to 2022
Translated & summarized from Arutz Sheva by baba
Israelis spent 26.5% more on credit cards on election day morning compared to 2022, totaling 250.78 million shekels. This spending surge was also 10.6% higher than during the local elections in January 2024. The busiest minute saw over 11,300 transactions, totaling 2.39 million shekels.
The story in 5 lines · by baba
- Israeli credit card spending surged 26.5% on election day morning compared to 2022.
- Transactions reached 250.78 million shekels between 8 AM and 11 AM on election day.
- Spending was 10.6% higher than during the local elections on January 30, 2024.
- The busiest minute of the morning recorded over 11,300 credit card transactions.
- Shva, the national payment systems operator, released the spending data.
Israeli consumers significantly increased their credit card spending on election day, with a 26.5% surge in the morning hours compared to the 2022 Knesset elections. Data from Shva, the national payment systems operator, revealed that between 8:00 AM and 11:00 AM on Tuesday, credit card transactions totaled 250.78 million shekels. This marks a substantial rise from the 198.31 million shekels spent during the same period on election day in November 2022.
The spending increase was also evident when compared to the local elections held on January 30, 2024. During the corresponding morning hours on that day, transactions amounted to 226.81 million shekels, making Tuesday's spending 10.6% higher.
Shva's data further indicated a peak in payment system activity, with the busiest minute of the morning occurring at 10:57 AM. In that single minute, over 11,300 credit card transactions were processed, accumulating to 2.39 million shekels.
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