Google Pay has launched in Israel with support for cards issued by the country’s major banks and payments card issuers. google pay israel

Google Pay’s entry into the Israeli market is expected to have a significant impact on the Israeli digital wallet market, including Bit of Bank Hapo Alime and Pepper of Bank Leumi.

The reason for the expected big impact of Google Pay is that it works on the Android operating system of mobile devices owned by over 70% of Israelis. iPhone users can only use the Apple Pay digital wallet. Less than 30% own an Israeli iPhone, but with the entry of Apple Pay, the use of digital wallets in Israel has skyrocketed by 800%. It’s not yet known if Google Pay will have the same effect on Android users.

Payment by Google Pay is available with credit cards issued by Bank Hapoalim, Bank Leumi, Mizrahi Tefahot Bank, First International Bank of Israel, Bank Yahav, Israelcard, CAL Israel Credit Cards and Max.

For security reasons, Google states that the actual credit or debit card number will not be retained on your mobile device or transferred to your business. Transactions use virtual credit card numbers called tokens. It is unique to each device and the token is linked to a dynamic security code that changes from transaction to transaction.

If your smartphone is lost or stolen, the owner can use the “Search for Devices” feature to lock your device immediately, protect it with a new password, or erase your personal information. increase. Details are not stored on your device, so you don’t have to cancel your credit card itself. google pay israel