PayBox

Last updated

PayBox
Initial release2014
Available inHebrew
Website www.payboxapp.com

PayBox is an Israeli social payment application that facilitates peer-to-peer money transfers, group collections, and payments to businesses. Launched in 2014 by PayBox Ltd, the app was acquired by Israel Discount Bank in 2017 and has since operated as part of the Discount Group.

Contents

History

PayBox was founded in 2014 by Tal Greenberg (CEO), Udi Lieberman (VP Marketing), David Rahamim (VP Operations), and Amri Hefner (VP Technologies). The company developed a social payment network aimed at simplifying the execution and management of group payment processes. [1] In 2017, Israel Discount Bank acquired the rights to use the application in Israel, and it continued to operate under the bank's management. [2]

In 2020, PayBox Ltd, the original developer of the app, filed for liquidation due to financial difficulties. However, the application continued to operate normally in Israel under the management of Israel Discount Bank. [3] [4]

Key features

Usage limits and restrictions

The service is free for users but has certain limits on transfer and accumulation amounts: [7]

Competitors in the Israeli market

In Israel, other payment applications operate, such as bit by Bank Hapoalim and Pepper Pay by Bank Leumi. These apps offer similar services for transferring funds between individuals and payments to businesses.

References

  1. טובים, עידן בן (21 August 2017). "השוואה בין 3 האפליקציות הפופולאריות למעבר כספים בין חברים". גיקטיים (in Hebrew). Retrieved 1 March 2025.
  2. מנלה, מעין (9 April 2017). "יזמים מצליחים מספרים: "מה בדיעבד הייתי רוצה לדעת בתחילת הדרך"". Calcalist (in Hebrew). Retrieved 1 March 2025.
  3. בן-זקן, ג'ון (12 July 2020). "פייבוקס: הסטארט-אפ הולך לפירוק, האפליקציה תמשיך לפעול כרגיל -". אנשים ומחשבים (in Hebrew). Retrieved 1 March 2025.
  4. "כל מה שצריך לדעת על אפליקציות תשלום". Israel Hayom (in Hebrew). Retrieved 1 March 2025.
  5. 1 2 3 "שירות חדש של PayBox: "לינק אישי" המאפשר הפניית לקוחות פשוטה ומהירה לעמוד התשלום של בית העסק". Mako (in Hebrew). 2 September 2020. Retrieved 1 March 2025.
  6. 1 2 "PayBox החדש מאתגר את הבנקים". Calcalist (in Hebrew). 23 January 2024. Retrieved 1 March 2025.
  7. "פייבוקס (PayBox) – האם כדאי להעביר כסף באפליקציה ואיך עושים זאת?". Protocol (in Hebrew). 7 July 2019. Retrieved 1 March 2025.