Israelis Shatter Spending Records on Election Day
Translated & summarized from Now 14 by baba
Israelis spent over 1.141 billion shekels on election day for the 26th Knesset, a 41.2% increase from the previous election in 2022. The national payment system Shva reported peak spending occurred at 12:40 PM. The high transaction volumes were comparable to holiday shopping days.
The story in 5 lines · by baba
- Israelis spent over 1.141 billion shekels on election day for the 26th Knesset.
- Spending on election day increased by 41.2% compared to the 2022 election.
- The peak spending hour was 12:40 PM with over 15,500 transactions.
- Transaction volumes were similar to holiday eves and Fridays.
- Shva, the national payment system, released the spending data.
Israelis made record-breaking purchases on election day for the 26th Knesset, spending over 1.141 billion shekels using debit and credit cards between 8:00 AM and 5:00 PM. This represents a sharp 41.2% increase compared to the previous election day in 2022, when 808.51 million shekels were spent during the same hours. The spending surge also marked a 12.9% rise compared to the last municipal elections. Data from Shva, the national payment system operator, revealed that the peak spending hour was 12:40 PM, with over 15,500 transactions totaling 3.61 million shekels. Shva noted that the transaction volumes on election day were comparable to peak shopping days like holiday eves and Fridays, indicating Israelis utilized the national holiday for significant consumer activity.
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