JERUSALEM: Alphabet's Google Pay launched in Israel on Tuesday , with Israel's major banks and credit card companies saying they had signed agreements with Google to offer the new payment service.
About 70 per cent of Israelis have Android based phones - according to Israeli media, potentially providing a big market for Google Pay, which has about 150 million users in more than 40 countries worldwide.An estimated two-thirds of payment terminals in Israel support the wireless payment standard that allow payments by mobile phone, smart watch or credit card, Bank of Israel data shows.
Shva said the volume of purchases via digital wallets has risen 20 times in the past half year since Apple Pay entered the market.
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