Israelis spent NIS 51.6 b. on payment cards in October, up 12.5% from the same month last year, according to data from SHVA, which operates Israel's credit card payment systems and banking ATM networks.
However, compared with September, average daily spending fell by 6.2% to about NIS 1.66 b.
Overall, spending increased by about NIS 5.7 b. compared to October 2025, when it totaled approximately NIS 45.9 b. However, after four consecutive months in which average daily spending exceeded NIS 1.7 b., it fell below that threshold in October.
September saw a record average of approximately NIS 1.78 b. per day.
Online spending accounts for more than half of credit card spending
Online transactions accounted for approximately NIS 29.5 b. in spending, up 15.8% from October last year. This represented approximately 57% of total card spending during the past month.
Here, too, average daily spending fell by 7.7% compared to September, from approximately NIS 1.03 b. to approximately NIS 952 m. per day, dropping back below the NIS 1 b. mark.
At physical businesses, the monthly decline was more moderate. Average daily spending on in-person transactions totaled about NIS 712 m., down 4.2% from September. For the month as a whole, spending at physical businesses reached about NIS 22.1 b., up 8.3% from October 2025.
Cash withdrawals also declined year over year. The public withdrew about NIS 5.16 b. from bank ATMs in October, down 4.2% from about NIS 5.38 b. in the same period a year earlier. Average daily withdrawals totaled approximately NIS 166 m. 11.1% lower than the September average.