Bank of Israel unveils real-time payments plan
New payments infrastructure will support push for advanced electronic payments
Israel has become the latest country to set its sights on real-time retail payments, after a committee led by the Bank of Israel recommended wide-ranging improvements to payments.
A key conclusion of the Joint Committee for Promoting Advanced Electronic Means of Payment, which published an interim report on November 29, is that Israel needs new infrastructure to support real-time payments.
Formed in 2014, the committee brings together the central bank with numerous government bodies, including
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