The value of cheque payments in France saw a steady decline from 2023, which stood at 703.38 billion USD. In 2024, the forecast value is 631.98 billion USD, declining by approximately 10.1% year-over-year. By 2025, the value further decreases to 559.95 billion USD, reflecting an 11.4% drop from the previous year. The downward trend continues, with a reduction to 489.35 billion USD in 2026, marking a 12.6% decrease year-on-year. The value decreases to 420.17 billion USD in 2027, and further to 352.38 billion USD in 2028, representing declines of 14.1% and 16.1%, respectively. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 shows an average annual decline of approximately 14.7%.
Future trends to watch for:
- Increasing adoption of digital payment methods and their impact on cheque usage.
- Government and regulatory policies encouraging electronic transactions.
- Technological advancements improving the accessibility and security of alternative payment systems.