Allied Wallet, a globally leading provider of mainstream online
payment processing, is now compatible with several new payment
methods in Israel to support their quickly growing e-commerce
environment and the high demand for international goods.
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Allied Wallet supports new payment methods to grow e-commerce in Israel. (Photo: Business Wire)
Although Israel’s e-commerce market is still relatively small on an
international scale, they show an amazing growth rate and a high per
capita expenditure. The average Israeli online shopper will spend about
€1200 a year and there are already 4.36 million e-commerce shoppers in
Israel.
E-commerce is growing quickly in Israel for many reasons. One reason is
that, Israelis are very receptive to cross-border shopping and about 80%
of products are bought from other countries. They predominantly shop
with businesses from Turkey, Germany, India, and China.
With sales soaring in leading categories like electronics, media, and
fashion, 80% of payments are card based and 86% of online transactions
are made on a desktop computer. 98% of the Israeli population between 16
and 25 years old are online.
Allied Wallet is supporting important local payment methods to service
this country and perpetuate e-commerce growth including: Isracard,
Mint, Mobiamo,
Webmoney, and Yandex.Money.
Isracard itself accounts for 19% of all online transactions in Israel,
and eWallet solutions like Webmoney
and Yandex.Money
already service millions of users globally in many different currencies.
“Allied Wallet is now proudly accepting these local payment methods in
its global platform to further connect business owners and shoppers
globally,” said CEO Andy Khawaja, “…we want to promote a better global
connection and create better opportunities for people to share goods and
services worldwide.”
Merchants will now be able to accept these preferred payment methods and
shoppers will now be able to use these payment methods with more
businesses online, facilitating better support for global e-commerce.
About Allied Wallet:
Allied Wallet continues to revolutionize the e-commerce industry by
introducing new and innovative payment processing solutions for online
merchants, enabling them to send and receive global payments. With PCI
compliant merchant services for nearly any business size, Allied Wallet
provides a state-of-the-art payment gateway to optimize online
transactions. Please visit www.alliedwallet.com/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190430005190/en/