Credit Card Usage Soars With Summer, Company Says

YERUSHALAYIM -
A credit-card pay station at the green market in downtown Miami. (AP Photo/J Pat Carter)
(AP Photo/J Pat Carter)

Sheba also processes transactions at ATMs and cash machines, and there, too, activity rises significantly in the summer. In 2015, an average of NIS 3 billion was withdrawn in cash each month except for July and August, when the average amount was NIS 3.39 billion. The average withdrawal also rises, from NIS 521 per transaction during the year to NIS 542 per transaction during the summer months.

In general, credit card usage in Israel is on the rise, the company noted in a report on its summer activities. Since 2010, the company said, credit card use has been up 35 percent. According to the study, the reason for the growth is the tendency of Israelis to use credit cards for small purchases, more often now than in the past.