PayBox Raises Payment Limits and Enables Group Admin Transfers to Boost App Usage

PayBox's management has eased restrictions on payment volumes within its app groups, allowing users to transfer up to 10,000 shekels per month from each card, rather than limiting payments to PayBox cards only. Additionally, the app now permits group admin transfers, enabling the management of a group to be handed over to another user without creating a new group, a change from previous practice.

PayBox primarily facilitates payments and collections through groups, with a new payment group opening every 46 seconds on average in Israel. In September, marking the start of the school year, a new group was created every 9 seconds, with women founding three out of every four groups. The platform's most active group manager oversees more than 2,000 groups, and the largest amount ever collected in a single group reached 746,000 shekels.

Financially, PayBox recorded a loss of 50 million shekels in 2025, following losses of 63.7 million in 2024 and 77.5 million in 2023, totaling 313.4 million shekels over five years. Discount Bank fully owns PayBox after acquiring a 51% stake from Shufersal in 2024 for 77 million shekels, valuing the app at 154 million shekels. Discount Bank has absorbed all losses in the past two years and expressed confidence that PayBox would become profitable within three years of acquisition. PayBox's CEO is Eric Frishman.