The Bank of Israel leaves the ceiling for making contactless payments at NIS 300
Approaching the date on which the transaction limit was to have returned to NIS 200, the Bank of Israel decided, within the payment card committee and in conjunction with the various actors in the payment card market, to leave the verification ceiling at NIS 300 for an unlimited time.
 A contactless transaction is a transaction in which no physical contact is necessary between the payment card and the merchant’s terminal. The transaction is carried out using proximity technology.
 A collection of specifications developed by international organizations for payment cards with the aim of providing a uniform and secured format for transactions using payments card with chips (smart cards), ATMs, or a point of sale (POS) terminal supporting the standard.