Why Israel is the Hot Bed for Payment Start-upsApr. 23, 2014
Israel is a nation that knows a thing or two about adversity. Surrounded by enemies on all sides, constantly facing the threat of war and subject to much criticism for their politics, values and very existence. Most countries would cower under such conditions. Most countries would stop fighting for their existence. Most countries would fail to put a focus on areas like education, innovation and technology. But, Israel isn’t most countries - when considering the passion, intelligence and directness (known as ‘tachles’ in hebrew) of the Israeli entrepreneur.
There is something special happening in the Israeli tech scene — from the holy city of Jerusalem, to the home of Technion (MIT-Middle-East) in Haifa, to the country’s very own ‘Silicon Boulevard’ in Tel Aviv. Many have written about the movement-taking place in StartUp Nation and the driving forces behind Israel’s success.
PYMNTS magazine brings a few impressions about what makes Startup Nation a particularly fertile FinTech market and some challenges that limit Israel’s global impact.
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