The value of cheque payments in Argentina is projected to experience a consistent decline from 2024 to 2028. In 2023, the value stood at 131.2 billion USD. The forecasts indicate a decrease from 123.78 billion USD in 2024 to 92.26 billion USD in 2028. Year-on-year, the value diminishes by -6.6% from 2024 to 2025, -6.9% from 2025 to 2026, -7.2% from 2026 to 2027, and -7.7% from 2027 to 2028. The cumulative average growth rate (CAGR) over this five-year period is -7.0% annually.
Future trends to watch for include the potential increase in electronic payment methods and digital banking services, which could further accelerate the decline in cheque usage. Additionally, economic factors like inflation and currency stability in Argentina may also influence the overall payment landscape.
