Forecast: Number of Cheque Payments in Turkey

The forecast for the number of cheque payments in Turkey indicates a steady but slight growth, with values rising from 21.23 million units in 2024 to 21.55 million units by 2028. This represents a year-on-year increase of approximately 0.42% from 2024 to 2025, 0.38% from 2025 to 2026, 0.37% from 2026 to 2027, and 0.33% from 2027 to 2028. Over the last two years, the compound annual growth rate (CAGR) has averaged around 0.38% annually from 2023 to 2028.

In 2023, the actual value stood at around 21.14 million units, indicating a slightly upward trend in cheque usage. However, the growth is relatively modest, suggesting a possible stabilization in the use of cheque payments over the coming years.

Future trends to watch for include the increasing adoption of digital payment methods, which could potentially lead to a decline in cheque payments. Additionally, regulatory changes, technological advancements, and consumer preferences shifting towards more efficient payment methods could further impact these forecasts.