ATMs in Israel Get New Feature for Cardless Cash Withdrawal
Israel's Mizrahi Tefahot Bank has become the first in the country to launch the ability to withdraw cash from ATMs without using a physical bank card. Customers can now receive money using a smartphone or…
Assessment
Israeli bank Mizrahi Tefahot has become the first in the country to offer cardless ATM withdrawals, allowing customers to use their smartphone or smartwatch with Apple Pay or Google Pay via NFC. The move signals a shift in Israel's banking sector toward more digital, contactless services, though users must still enter a personal PIN for confirmation. It builds on earlier statements by the Bank of Israel about expanding cardless cash access, suggesting broader adoption may follow across other banks.