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Use of Checks in Selected Countries

Author

Listed:
  • Antar Diallo
  • Oz Shy

Abstract

This report presents a snapshot of check use as a means of payment in 20 countries from 2012 to 2021. Using charts and tables, we analyze the share of checks as a fraction of cashless payments, both in terms of volume and value and the average value of a check in US dollars based on purchase power parity (PPP) exchange rates. Then we examine and compare the rates of decline in the use of checks during the period 2012 to 2021 and the correlations between the use of checks and other cashless payments, both in terms of volume and value.

Suggested Citation

  • Antar Diallo & Oz Shy, 2023. "Use of Checks in Selected Countries," Consumer Payments Research Data Reports 2023-01, Federal Reserve Bank of Atlanta.
    • Handle: RePEc:fip:fedadr:99828
    DOI: 10.29338/rdr2023-01
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    File URL: https://www.atlantafed.org/-/media/documents/banking/consumer-payments/research-data-reports/2023/07/14/use-of-checks-in-selected-countries.pdf
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    File URL: https://libkey.io/10.29338/rdr2023-01?utm_source=ideas
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    More about this item

    Keywords

    use of checks; international comparison of check use; payment methods;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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