Israelis Spent Over NIS 51 Billion on Cards in October, Up 12.5% Annually
Summarized from The Jerusalem Post by baba
Israelis spent NIS 51.6 billion on payment cards in October, a 12.5% increase from the previous year, according to SHVA data. While total spending rose, average daily spending decreased by 6.2% compared to September. Online transactions accounted for 57% of the total spending, reaching NIS 29.5 billion, but also saw a daily average decrease. Spending at physical businesses increased by 8.3% year-on-year, despite a slight daily average decrease from September.
The story in 5 lines · by baba
- Israelis spent NIS 51.6 billion on payment cards in October, up 12.5% year-on-year.
- Online transactions accounted for NIS 29.5 billion, a 15.8% increase from the previous year.
- Average daily spending in October fell 6.2% from September to NIS 1.66 billion.
- Spending at physical businesses reached NIS 22.1 billion, an 8.3% year-on-year increase.
- Cash withdrawals from ATMs declined 4.2% year-on-year to NIS 5.16 billion.
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