Public consultation for receiving information on payments via mobile phone



The Bank of Israel operates based on the Bank of Israel Law, 5770–2010.  Among its functions, the Bank regulates the activity in the payment systems, and supervises and regulates the banking system and some merchant acquirers.

 The payments market in Israel has recently undergoing significant changes in general, and in the field of payments via mobile phones in particular.  These changes are reflected, inter alia, in the offering of innovative payment services through mobile phones.

The Bank of Israel recently published a position paper on its policy in the payments area and of digital wallets activity.[1] The position paper notes that the Bank of Israel intends to continue examining this field in order to realize the Bank’s policy.  For that purpose, the Bank of Israel Governor has established a committee to examine mobile payments.  The committee includes:

  • Deputy Governor of the Bank of Israel Andrew Abir—Chair
  • Director of the Payment and Settlement Systems Department, Oded Salomy
  • Legal Counsel of the Bank of Israel Adv. Tida Shamir
  • Head of the Technology and Innovation Division in the Banking Supervision Department, Dani Hahiashvili


As part of the Committee’s work, it seeks to obtain information, from Israeli and international entities with appropriate experience and knowledge, regarding the area of payments via mobile devices, with an emphasis on the areas of using the information that derives from such payments and related to the option of making such payments via Peer to Peer (P2P) payment applications.

 Main points of the requested information

 The public is invited to present the Committee with information concerning matters relevant to mobile payments, with an emphasis on the following issues:

The use of information from mobile payment activity: Should the collection, maintenance, and use of information derived from mobile payment activity by limited, and how?

Interface between applications and P2P payments: What are the advantages and disadvantages among various applications in making P2P payments, and how will this option affect the payments market?  What are the various options for implementing the stated solution (technological, legal, and other)?  What is the preferred function in the payment and settlement value chain to establish such an interface?

 The information may relate to various aspects, including: competition and fair market conditions; efficiency and innovation; security of the means of payment; market dynamics; consumer protection; business relations between the various entities in the payment chain.


Please sends responses by email to: by July 9, 2021.


General information and protection of rights

The Bank of Israel shall be permitted to make any use of any information submitted as part of this call.  The Bank of Israel maintains the right to respond or not to respond to answers it receives to this call.

This call shall not be viewed as any form of obligation on the part of the Bank of Israel toward any entity, or an undertaking on the part of the Bank of Israel to take any action.  This call does not obligate the Bank of Israel toward any respondent, and it constitutes a call for obtaining information only.

Expenses incurred in preparing and submitting information in response to this call are the sole responsibility of the party responding to the call.

The Bank of Israel welcomes the development of the payments market in general and the mobile payments field in particular.  The Bank will continue acting to advance the innovation, efficiency, and safety of the payments system and means of payment, while maintaining stability and fair market conditions that generate competition.