Apple Pay Expected to Launch in Israel Early Next Month

After several false dawns, Apple Pay looks finally ready to come to Israel early next month, based on local reports.

apple pay contactless terminal
According to Hebrew-language site Calcalist, barring a last-minute change, Apple is expected to launch its digital payment system in the country in the first week of May.

Several previous reports over the last year have hinted at an imminent ‌Apple Pay‌ launch in Israel, but so far it hasn't come to pass. According to today's report, the infrastructure for ‌Apple Pay‌ has been ready in the country for some time, and the delay has been due to closures in the economy and the need to make sure that enough businesses can accept the payment method.

‌Apple Pay‌ payments go through Apple's digital Wallet app for mobile iOS devices, therefore any financial entity that wants its customers to pay using the method must sign an agreement with Apple.

In the past year, several banks and credit card companies in Israel have signed such an agreement, and as part of the contract, they must pay Apple a commission derived from the amount of the transaction, estimated to be 0.05%.

Apple's iPhones command a 20% share in Israel's smartphone market, so there's plenty of scope for ‌Apple Pay‌ to become a popular payment method in the country. First introduced in 2014, ‌Apple Pay‌ is now available in over 50 countries or regions around the world.

(Thanks, Morad!)

Related Roundup: Apple Pay
Tag: Israel

Top Rated Comments

dor2201 Avatar
17 months ago
We are very excited in Israel!
Score: 4 Votes (Like | Disagree)
qoop Avatar
17 months ago
I love Israel, a place of wonder and enchantment. Well worth a visit.
Score: 2 Votes (Like | Disagree)
sparkinstx Avatar
17 months ago
Who's still lagging behind? Walmart. ?‍♂️

So much for CurrentC. Here's a good post-mortem of its spectacular flop:

https://www.applicoinc.com/blog/happened-currentc-platform-innovation-fails/
Score: 1 Votes (Like | Disagree)
redmounts Avatar
17 months ago

wow, i figured it existed there for a while now, given how tech advanced israel is and all...
I’m surprised too. Here in Brazil, I’ve been paying with it for three years now. Fast and safe.
Score: 1 Votes (Like | Disagree)
Veinticinco Avatar
17 months ago
I know the phrase better late than never, but yikes, 7 years?!
Score: 1 Votes (Like | Disagree)

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