The Bank of Israel's stance on the "interest on deposits" section in the Payment Service Providers Law

Attached please find the Bank of Israel's stance regarding the proposal to allow payment service providers to pay interest on deposits, within the framework of the "Regulation of the Payment Services Occupation Bill, 5782-2022" that was discussed in the Knesset's Public Projects Committee.

 

A letter noting the stance was sent to the Committee Chairperson from the Deputy Governor, Andrew Abir.