A new payment method is entering Israel: This is how it will work soon

Shva and the fintech company Bridgerpay announce collaboration: Israeli businesses will now be able to benefit from international payment solutions in their local operations.

Shva, the company that manages and develops the national debit card payment system, and the international fintech company BridgerPay announce a collaboration to improve the tools and technological capabilities of businesses and organizations in Israel in the field of payments.

BridgerPay and Shva have joined forces to give Israeli businesses the ability to work with the local payment infrastructure through Shva Arena — without sacrificing the advanced capabilities of international solutions. For the first time, Israeli businesses will be able to enjoy access to the national payment system managed by Shva through a smart orchestration system that manages the entire payment process - from the initial connection to the resolution of payment failures in an automated, transparent and advanced manner.

The collaboration will provide a variety of options for Israeli businesses that also clear international transactions. An Israeli business will no longer have to choose between flexibility, control or performance. The connection between BridgerPay and Shva will provide services tailored and similar to the business's activities in the local and international arena, smart and ready for growth.

Tali Hollenberg, VP of Business Development, Marketing and Sales at Shva: "Sheba continues to promote collaborations with fintech companies, with local and international players as part of our vision to promote innovation, technology and advanced solutions for businesses and organizations in Israel. Shva has developed a cloud-based technological infrastructure with a friendly and convenient interface that enables the connection of fintech companies with new products and solutions that will help develop and advance the payments market in Israel. The new technological product that BridgerPay brings to Israel is an excellent example of the capabilities of the advanced payments revolution to create real change for Israeli business owners who accept local and international transactions."

Ran Cohen, Co-Founder and CEO of BridgerPay: "The connection with Shva is an important milestone for the payments market in Israel. BridgerPay was founded with a desire to simplify complex payment systems, and now we are bringing this technology to local businesses as well. Together with Sheba, we are enabling every Israeli business to access tools that until now were only available to international corporations — and leading the payments sector into a new, smart, and connected era."