Israel Railways pilots open loop contactless payments

Israel Railways starts plan to pay for rides using credit cards — The Jerusalem Post — “Israel Railways has launched a two-month contactless payment pilot programme, aiming to soon enable all rail users to ‘tap and go’ with their credit card rather than purchase a ticket or use a preloaded Rav-Kav smartcard… Pilot participants will initially be charged daily based on purchasing full price one-way tickets, although Israel Railways intends to introduce season tickets and discounts for senior citizens, students and other groups in the near future.”



Google Pay to launch in Israel ‘by the end of this year’

Google Pay preparing to launch its digital wallet service in Israel — Haaretz — “Google plans to launch by the end of this year its Google Pay digital wallet platform and online payment system in Israel… The giant US company has been undertaking a round of meetings with regulators, bank executives, credit card companies and financial technology startups. The campaign, which involves a team from Google Israel, includes playing a role in Israel’s rapidly growing e-commerce sector as well as in brick-and-mortar retail.”


Israel considers issuing a digital currency to speed up payments

Israel central bank mulls issuing digital currency for faster payments — Reuters — “The Bank of Israel is examining issuing digital currency as a means of creating a faster payments system as well as reducing the amount of cash in the economy, a central bank source said… The source, who spoke on condition of anonymity, also said the government was ready to legislate or include the issue in its 2019 budget and economic package if the central bank gave the green light.”



Leumi Card to use Feedzai’s artificial intelligence platform to fight fraud

Leumi Card to use Feedzai’s artificial intelligence platform to fight fraud — Feedzai — “‘Fraud mitigation tools have not kept pace with today’s mobile-enabled, always-connected consumers,’ said Gilead Kehat EVP human resources and staff of Leumi Card, ‘Feedzai’s agile machine learning platform helps predict and prevent fraud before it impacts our customers.’”








Alibaba invests in visual QR codes

Visualead visual QR code technology will help take advantage of O2O opportunities in China

Chinese ecommerce giant Alibaba has invested an undisclosed sum in Israeli start-up Visualead, developer of the “visual” QR code technology adopted by Chinese social media site RenRen in May last year... More


Worapay raises funds

Lithuania-based mobile wallet platform provider Worapay has raised €400,000 in new funding from Israel’s Entree Capital, Verslo Zinios reports... More








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