About
bit is Bank Hapoalim's Israeli payment app, in which users send and request money by phone number, funded from a linked bank account or credit card. Online, shops and apps offer bit as a checkout option so the buyer never types card details, and billers can send payment requests that are approved in the app. In February 2021 Hapoalim turned bit into a digital wallet with in-store NFC payments, but that tap-to-pay feature has since been withdrawn. The app now also offers group collections and savings 'pockets'. Calcalist reported close to 2.5 million active users in June 2021, and its rivals include Discount Bank's PayBox.
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