IsraTransfer is now an ISA-licensed payment services provider

On 11 May, IsraTransfer turns 18 — chai. It is a meaningful birthday, and we are marking it with meaningful news.

A few days ago, on 3 May, the Israel Securities Authority granted IsraTransfer a payment services license under Israel's regulatory framework for payment companies. The framework is modelled on the European PSD2 framework that governs payment companies across the EU and UK.

What changes for you, in plain terms:

🛡️  Your funds are now protected by law, not just by promise

Client funds at IsraTransfer have always been kept separate from our own. Now this is a formal legal requirement under ISA oversight, with a named independent director specifically responsible for safeguarding them. If anything ever happened to IsraTransfer as a business, your funds would remain your funds — not available to anyone else.

🔍  Someone independent is watching how we operate

The ISA now actively supervises our capital, governance, technology, anti-money-laundering procedures, and client fund protection. We file regular reports with them — annual, quarterly, and immediate reports on any material incidents. They have the authority to inspect us at any time. Before, you relied on our word. Now there is a regulator with the power to verify it.

🔒  Our technology and security standards are externally defined

The systems through which we hold your data, manage your transactions, and protect your funds must now meet standards drawn from European banking guidelines. This was always how we built things; it is now formally required and audited.

✅  The people running the company have been vetted

Both Doron and I, and our senior officers, have been through formal fit-and-proper assessment by the regulator. Integrity, financial soundness, and competence are tested before the license is granted — and continue to be tested over time.

💲  We are required to maintain financial strength

Capital adequacy requirements mean we must hold a defined level of our own funds, scaled to our activity. This protects you from any scenario where the company runs out of money and cannot meet its obligations to clients.

What does not change: the relationship you have with us, the people you speak to, and the service you receive. The foundations underneath it are simply stronger and more transparent.

Eighteen years ago, IsraTransfer started with a simple idea: that families moving meaningful sums between Israel and abroad deserved a service built around their needs, not the banks'. Many of you have been with us for years. Some for most of these eighteen. Your trust is why this work has always been worth doing properly.

If you have any questions about what the new framework means for you specifically, please reach out to your Customer Success Manager. We're always happy to help.

Best wishes,

Doron Seitz and Daniel Engelsman

Co-Founders, IsraTransfer