Israel, located in the Middle East, possesses a highly developed and diversified economy characterized by a strong emphasis on technology, innovation, and entrepreneurship. Key sectors include technology (particularly software and cybersecurity), pharmaceuticals, agriculture, and tourism. Israel’s financial system is sophisticated and well-integrated into the global market, readily embracing digital technologies and fintech innovations. While facing geopolitical challenges, Israel’s economy consistently demonstrates resilience and a capacity for rapid growth, driven by its highly skilled workforce and its commitment to research and development. Israel’s payment system is relatively advanced, with a strong emphasis on digital methods alongside continued cash use. Credit and debit cards are widely accepted, with contactless payments becoming increasingly common. Online banking and electronic transfers are prevalent. Mobile payment solutions are expanding rapidly. While cash still plays a role, especially in smaller transactions, the trend is clearly towards greater digitalization.
Estimated Population
9.5 million
Currency
Israeli new shekel (ILS)
All supported payment methods for Israel:
Visa, Mastercard, American Express, JCB, UnionPay International, Discover, Diners Club, Apple Pay, Google Pay, PayPal, MaestroPopular payment methods
Mastercard
Credit/Debit Cards
Unlock a world of payment possibilities with Mastercard, a trusted global leader in secure and convenient transactions
American Express
Credit/Debit Cards
Elevate your business with American Express, a premium payment network that attracts discerning customers and drives higher-value transactions.
JCB
Credit/Debit Cards
JCB is a leading international payment network, offering a unique opportunity for businesses to reach a growing customer base, especially in Asia-Pacific.
UnionPay International
Credit/Debit Cards
UnionPay is the world’s largest payment network, offering businesses the opportunity to tap into the vast Chinese market and beyond.
Discover
Credit/Debit Cards
Discover is a leading payment network that offers a unique combination of security, rewards, and customer service, making it an attractive option for businesses.
Diners Club
Credit/Debit Cards
Diners Club is a global payment network renowned for its premium services and exclusive benefits, offering businesses access to a discerning clientele.
Apple Pay
Wallets
Apple Pay offers businesses a convenient and secure way to accept payments from iPhone, Apple Watch, and Mac users, enhancing the customer experience and boosting sales.
Google Pay
Wallets
Google Pay empowers businesses to offer a fast, secure, and convenient mobile payment experience, attracting a wide range of customers.
