Economy · Full coverage
PayBox Raises Payment Limits and Enables Group Admin Transfers to Boost App Usage
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
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First reported by Maariv · 4 hours ago
What happened
PayBox has increased monthly payment limits per card to 10,000 shekels and now allows group admin transfers. The app sees rapid group creation and significant payment volumes but has incurred substantial losses over five years. Discount Bank fully owns PayBox and aims for profitability within three years.
- 01PayBox raises monthly payment limit to 10,000 shekels per card for group payments.
- 02Group admin transfer feature now allows handing over group management without new groups.
- 03New payment groups open every 46 seconds on average in Israel, with high female founder participation.
- 04Largest single group collection reached 746,000 shekels; top manager runs over 2,000 groups.
- 05PayBox posted a 50 million shekel loss in 2025, totaling 313.4 million over five years.
- 06Discount Bank fully owns PayBox since 2024 and expects profitability within three years.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
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