Forecast: Number of Cheque Payments in Italy

The number of cheque payments in Italy has shown a steady decline over the past decade, decreasing from 252.41 million units in 2013 to 82.62 million units in 2023. The year-on-year variation has consistently been negative, with a peak decline of 25.62% in 2020, likely influenced by the COVID-19 pandemic. Significant declines were also noted in recent years, with a 16.72% reduction in 2022 and a 14.08% reduction in 2023. The compound annual growth rate (CAGR) over the last five years stands at -11.5%, reflecting a notable drop in cheque usage.

Looking forward, the forecasted data suggest that this declining trend will continue, with the number of cheque payments predicted to fall to just 12.24 million units by 2028. The forecasted 5-year CAGR is particularly steep at -29.06%, translating to an overall decline of 82.03% from 2024 to 2028.

Future trends to watch for include the increased adoption of digital payment methods, regulatory changes affecting cheque use, and the potential influence of economic factors on payment behaviors. Additionally, emerging technologies like blockchain and digital banking solutions may further accelerate the decline in cheque payments.