The number of cheque payments in Argentina has shown a marked decline from 93.69 million units in 2013 to 68.32 million units by 2020. A significant dip occurred in 2020 with a year-on-year drop of 17.77%. There was a sharp rebound in 2021, but it was followed by another decline leading to 80.09 million units in 2023, reflecting a recent year-on-year decline of 0.9%. Over the past five years (2018-2023), the compound annual growth rate (CAGR) has averaged -0.79%, indicating a steady downward trend.
Looking forward, the number of cheque payments is projected to continue its downturn from 79.59 million units in 2024 to 76.54 million units in 2028. The forecasted CAGR for the next five years is -0.78%, implying a gradual decline at an average annual rate. Future trends to watch include increased adoption of digital payment methods and evolving financial regulations, which could further impact the use of cheques in Argentina.
