Category: PayBox
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Payment apps Bit and Paybox to charge fees from January
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Israeli banking supervisor Daniel Hahiashvili announced last week that he plans to allow payment apps Bit and Paybox to collect fees starting in January 2025. The fee, which can be as high as 1%, will only be charged to customers whose total transactions exceed NIS 25,000 per year. This may…
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Discount Bank in talks to buy out Shufersal’s PayBox stake
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A decade after its founding, and three years after supermarket chain Shufersal became a partner, payments app company PayBox, headed by Arik Frishman, could become wholly owned by Israel’s Discount Bank. The bank, which owns 50.1% of PayBox, is in advanced negotiations with Shufersal to purchase its 49.9% stake for…