The global cheque payments landscape in 2024 shows a significant decline, with the United States leading with 11.29 billion units. France (1.24) and India (1.05) are the only other countries with over 1 billion cheque payments. Canada, Brazil, and Mexico show moderate usage, while other countries have very low volumes.
Over 2023, the year-on-year decline is notable in the UK (-41.22%), Brazil (-17.13%), and Canada (-7.22%). The five-year CAGR suggests a consistent decline in cheque usage globally, aligning with a shift towards digital payments.
Future trends to watch include an accelerated shift towards electronic payments, driven by technological advancements and consumer demand for convenience and speed, suggesting further decline in cheque usage. Emerging markets may see an even steeper drop as mobile payment adoption increases.
Top countries in Number of Cheque Payments by Country
| # | 10 Countries | Million Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 11,290 | 2023 | -5.53% | -4.88% | View data |
| 2 | 2 France | 1,240 | 2023 | -7.71% | -6.59% | View data |
| 3 | 3 India | 1,050 | 2023 | -1.55% | -1.42% | View data |
| 4 | 4 Canada | 344.49 | 2023 | -8.07% | -7.22% | View data |
| 5 | 5 Brazil | 247.41 | 2023 | -23.64% | -17.13% | View data |
| 6 | 6 Mexico | 170.55 | 2023 | -7.85% | -7.21% | View data |
| 7 | 7 Italy | 82.62 | 2023 | -14.08% | -11.5% | View data |
| 8 | 8 Argentina | 80.09 | 2023 | -0.9% | -0.79% | View data |
| 9 | 9 Spain | 52.22 | 2023 | -3.39% | -1.9% | View data |
| 10 | 10 Singapore | 42.74 | 2023 | -4.47% | -3.75% | View data |
