Rami Levy, a prominent supermarket chain in Israel, is expanding its financial services by seeking a license to provide payment services. Through its finance unit, the company has submitted a request to the Israel Securities Authority, aiming to allow customers to hold digital current accounts and access consumer loans. This move follows an earlier application for a financial services provider license, which is still under regulatory review.

If approved, Rami Levy will be able to offer digital wallets, facilitate payment clearing, and provide account management services similar to traditional bank accounts. The company may eventually apply for permission to operate a small bank, a process that could take several years due to complex regulatory requirements. Currently, only a handful of fintech companies have received such licenses, highlighting the significance of Levy's ambitions in the financial sector.