Shva

Israelis spent a record 109 billion NIS on credit cards in July and August, up 7.9% from last year. Fuel spending hit an all-time high due to gasoline prices rising to 8.09 NIS per liter.

Numerous reports of difficulties with payments and completing transactions with various credit cards have raised suspicions of a nationwide credit card malfunction in Israel.

Data from the Shva company points to a sharp jump and record credit card spending this month, alongside a record-breaking cash withdrawal amount — at a level not seen since the outbreak of the war. The sharp increase was recorded in the leisure, food, and restaurant sectors, while the aviation and tourism industries recorded an opposite trend.