On Tuesday, May 31, 2022, as part of the DigitalRosh Live session, we met Oded Salomi “Czar” of the payments of the State of Israel (Director of Payments at the Bank of Israel).
Oded, an expert on payments, and previously managed Visa’s innovation center in Israel, told us about innovation at the Bank of Israel, which directly affects all citizens of the country.
We learned what the CTR system is a system of Credits and Transfers in Real time), through which billions of shekels pass a day, and it manages the accounting system between the financial entities.
A real revolution is taking place in the field of payments, some of which we have heard about and some of which we use, such as: payment by cell phone or watch, cryptocurrency and more, and some of which, such as a digital check, we have not heard of and will probably hear about soon.
