I like this strategy, no hard work on re-inventing the wheel on new products and services, just be a fast follower and bring the product/service to a new country. Or even in the US from the coasts (often more trend setters) to the middle of the country.
My parents have a renter who is starting debit cards in Israel where evidently they have not had them. Interesting and I would not have thought about that. Not sure of the revenue model of debit cards but sounds like a good oppty. It always seems the best ideas are very simple and cause you to say, Gee, why didn't I think of that?
Sounds interesting.
Altough the need of debit cards in Israel isn't very clear to me.
The credit system there is different - every credit card is specifically linked to a bank account, and your credit card bill is just deducted from your available funds at the end of every month. (putting you in overdraft with the bank if you have none).
Also, getting a credit card in Israel is not a problem. No approval of credit score or anything in the likes needed. every 18 year old can do it.
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