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Middle East
2020 (Faster Payments overlay)
MASAV Faster Payments
MASAV Faster Payments (Immediate Payments)
🇮🇱 Israel
ILS (Israeli New Shekel)
Issuer
MASAV (Bank Settlement Center) / Bank of Israel
Visit issuer →
Payment Types
P2P (instant transfers)
Merchant payments (expanding)
Government payments (expanding)
Request to Pay (in development)
Key Features
Immediate credit transfers (5-7 seconds)
Final and irrevocable payments
Operated by MASAV (Bank Settlement Center)
Expanding to merchant and government payments
Request to Pay (R2P) in development
ISO 20022 messaging standard alignment
Settlement through ZAHAV RTGS system
Statistics
note
Expanding from P2P to merchant and government payments; ISO 20022 alignment
settlement time
5-7 seconds
Profile
Network
MASAV Faster Payments
Full Name
MASAV Faster Payments (Immediate Payments)
Country
🇮🇱 Israel
Currency
ILS (Israeli New Shekel)
Region
Middle East
Launched
2020 (Faster Payments overlay)
Issuer
MASAV (Bank Settlement Center) / Bank of Israel
Links
Issuer
www.boi.org.il/en/economic-roles/payment-systems
Product
www.boi.org.il/en/economic-roles/payment-systems/payment-systems-in-israel
Made by
@dylansz_
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MASAV Faster Payments — Payment Network Profile | nonusd