Under the new agreement, a fixed fee was set at a significantly lower rate than the previous commission, in transactions in the amount of up to NIS 35,000.
Israeli fullz are not the cheapest on the market, but also aren't the most expensive.
At the ALM branch in Beersheba, a record transaction was made for a single customer, who purchased products at a cost of over NIS 70,000.
The popularity and need for digital payments and online banking has never been greater, with the global pandemic accelerating this shift in behavior.
Prime Minister Giuseppe Conte is offering refunds on some money spent electronically, tax breaks for outlets with card machines and a new 50-million euro state lottery for card users only.
Both companies have been warned that continuing to offer credit services to banks processing terror funding is a contravention of the law.
The ongoing coronavirus pandemic has accelerated the transition to digital payments.
The introduction of Apple Pay in Israel is part of a worldwide revolution expected to take place within the next year.