The number of cheque payments per inhabitant in France has been on a decline, with 17.18 estimated for 2024, down from 19.00 in 2023. Forecasted data shows a gradual decrease to 10.37 by 2028. This indicates an annual decline rate of approximately 8.6% between 2024 and 2028. The compounded annual growth rate (CAGR) from 2023 to 2028 portrays a significant reduction in cheque usage, emphasizing the shift towards digital payment options.
Future trends to watch for include:
- Continued advancement and integration of digital and contactless payment systems.
- Increased adoption of mobile payment apps and online transaction platforms.
- Potential regulatory changes impacting traditional cheque usage.
- Consumer preferences shifting further away from paper-based transactions.