Data from the ISA – The shopping holidays in November led to a new record in daily spending on credit cards

by time news

Total expenses per month: NIS 36.32 billion, an increase of 16.3% compared to last year.

A 2.5% decrease in November in cash withdrawals at ATMs compared to last month;

Eitan Lev Tov, CEO of Sheba: “We dealt with great success with the transaction loads during the days of the promotions.”

According to data from Shebaa (Automatic Bank Services), the director of the national credit card payment system, the November shopping holidays led to a new record in the amount of daily spending by Israelis on credit cards. The daily expenditure on credit cards during November was NIS 1.205 billion. This is an increase of 6.1 compared to the daily expenditure in October, which amounted to NIS 1.136 billion. Transactions of NIS 1.191 billion were recorded in the ISA systems. In November last year, the daily expenditure amounted to NIS 1.036 billion.

Data from the ISA show that in November there were increases in expenses in transactions in businesses and online transactions. In cash withdrawals from bank ATMs, there was actually a decrease. November Last year, the volume of purchases in physical transactions was NIS 14.84 billion, compared with NIS 12.28 billion last year. The volume of daily physical purchases in November was NIS 494.7 million, a figure that reflects an increase of 2% compared to last month. Presentation of tickets (online) increased in November by 13.34% compared to 2006. In November, online transactions totaled NIS 21.297 billion compared to NIS 18.791 billion in November 2020. The volume of daily purchases online increased by 9.1% compared to October and stood at NIS 709.896 million compared to 650.816 million NIS last October.

The volume of daily cash withdrawals from ATMs decreased this month by 2.5% compared to October 2021. In November, cash withdrawals from ATMs amounted to NIS 5.350 billion, compared with NIS 5.489 billion in October. Compared to November last year, there was a 12.14% increase in the volume of cash withdrawals, which last year amounted to NIS 4.77 billion.

Eitan Lev Tov, CEO of Sheba“November is known as a month in which the Israeli public takes advantage of the days of promotions and makes many credit card transactions. This month we saw a decrease in cash withdrawals, along with a high increase in credit card expenses and especially in transactions made at the businesses themselves. From a technological and business point of view, Shaba “prepared in advance and dealt with great success with the shopping loads on the days of the various promotions.”

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