Cash Now for Businesses
The law states that receiving a cash payment from a customer, in an amount exceeding 11,000NIS, constitutes a criminal offense.
As a result of the law, many businesses, self-employed persons and limited companies are prevented from receiving cash directly from their customers.
If you are a business owner Cash Now will provide with you a fast, easy & legal solution. GMT’s Cash Now allows your customers to legally deposit cash for a purchase or service received from your business.
How simple is it? Sign up for Cash Now as a business owner.
Cash Now- GMT’s Local Money Transfers Service
A fast, easy & legal services of cash transfers & deposits in Israel.
The New Cash Limitation Law came in to effect on January 1st, 2019.
Among other things, the law stipulates that payment in cash for a product or service in amounts exceeding 11,000 NIS is a criminal offense, and in transaction above that amount, only up to 10% of the total amount can be paid in cash.
Cash Now – offers you a fast, easy & legal solution. How simple is it?
Transfers can be made in two ways: A cash deposit directly to your beneficiary’s bank account or a fast cash transfer.
Foreign exchange service to Ben Gurion Airport
A new, efficient and economical solution for Israeli travelers flying to “exotic” countries around the world.
Together with Bank Hapoalim branches at Ben-Gurion International Airport, we operate a service that enables passengers to order in advance the local currency of the country they are traveling to.
As a GMT customer, you can enjoy competitive exchange rates, reserve the currency in advance and collect it just before boarding. The solution is available for the local currency of 32 countries, among them; Japan, China, Hungary, Thailand, Russia, the CIS and many others.
All you have to do is book a flight ticket and Bon Voyage!
GMT in the field
As a company that provides financial services to all sectors in Israel, we always seek to expand and offer solutions to all the different shares of the market.
For years, remittances could only be performed by physically attending one of our agents’ businesses. However, we understand that this is not as easy as it seems for some of our clients, and so, we decided that we will take our business to them.
The agricultural sector in Israel is one of the largest employers of foreign workers.
Most of them live in small towns and kibbutzim near their workplace, and they are not always able to get to the city to transfer the money to their families abroad.
To address this issue, we’ve created “GMT in the field”. It’s a branch of ours that comes directly to the farms and saves time and money for both the workers and the farmer that employs them.
019Mobile is an Israeli Mobile operator that providers international communication services.
In 2010, the Telzar company received a permit from The Ministry of Communications to act as an international calls operator.
019 was the international calling prefix that the company received, and appropriately, it has since been renamed to 019Mobile.
The company was founded by three brothers who recognized the need for pre-paid call cards for the foreign workers who worked at their parents’ farm. The same three brothers manage the company to this day.
To date, the company provides service to over 200,000 users.
In 2017, the company began selling local SIM cards for tourists and foreign workers arriving in Israel, as well as SIM cards for Israelis who are traveling abroad.
GMT just got a brand new and unique service – payment for medical insurance of foreign workers.
This service is the product of a cooperative effort between Hilit Insurance and GMT, which allows clients to pay in cash for their medical insurance through agents of GMT.
Hilit Insurance Agency (2003) Ltd has been a leader in the field of medical insurance for foreign populations since 1998.
The insurance agency specializes in providing insurance to foreign workers, and works cooperatively with all insurance companies that operate in this sector.
Constant improvement, ease-of-use, and accessible and user-friendly technological services are the company’s key principles.
The partnership between GMT and Hilit Insurance is another step in completing the complementary set of services we offer our clients.For more details