News & Analysis as of

Payment Systems Regulatory Requirements Israel

Barnea Jaffa Lande & Co.

The Bank of Israel released a preliminary Digital Shekel design for public comment – a real opportunity for competition and...

Last week, the Bank of Israel published a preliminary design of the central bank’s Digital Shekel system. In a detailed document, holding more than 100 pages, the Bank of Israel presents guiding principles and a work plan for...more

Barnea Jaffa Lande & Co.

Regulated payment services and financial services in Israel – summary and outlook for 2025

2024 was characterized by a multitude of regulatory directives to payment companies and to payment initiation companies as part of the preparations for the licensing obligation that came into effect in June 2024. This year...more

Barnea Jaffa Lande & Co.

Applicability of Payment Services and Initiation of Payment Law in Trust Frameworks

The Israel Securities Authority recently published a legal staff position aimed at clarifying the applicability of the Payment Services and Payment Initiation Regulation Law to activities conducted within trust/escrow...more

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