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Israelis Embrace Digital Payments, But Cash Remains Resilient
More Israelis are using digital payment methods, but cash remains prevalent, according to a Bank of Israel review. The amount of cash in circulation grew by about 2% annually between 2024-2025, a slower rate than the 7% seen in 2021-2023.
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What happened
- 01Digital payment use is rising among Israelis, yet cash circulation continues to grow.
- 02Cash in circulation increased by an average of 2% annually from 2024-2025.
- 03The previous growth rate for cash circulation was approximately 7% annually.
- 04Cash remains popular due to its simplicity, immediacy, and independence from technology.
- 05Small businesses and households find cash useful for immediate transactions and as a backup.
- 06The Bank of Israel stresses cash's importance for economic continuity, especially during emergencies.
Cash's simplicity and reliability ensure its continued use for individuals and businesses, and its accessibility is crucial for economic continuity during emergencies.
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