The initiative will enable Israeli users to withdraw shekels from their PayPal accounts via their Israeli bank accounts, thus allowing Israelis shoppers to make online purchases without disclosing credit card or bank account information. eBay has already launched a Hebrew-language website eBay Israel, were customers can purchase products and pay for them in both USD and ILS, but in order to pay with PayPal, they have to open an account using an international credit card. Presently, they cannot withdraw money from the account , as the company is not involved in any agreements with Israeli commercial banks.
Oded Zahavi, who currently holds the position of vice president of International Business Development at Leumi Card, will also manage PayPal operations in Israel, the same source indicates.
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