The Ongoing Decline of the Cheque System

Ed Tellez
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Ed Tellez: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2017, 57-66

Abstract: Cheque use in Australia has declined significantly over the past few decades and currently represents only a small share of non-cash payments. This decline reflects changes in the payments market as a result of technological change and customer preferences for faster, digital payments. To ensure that the payment needs of individuals and businesses continue to be met, the payments industry has embarked on a number of initiatives to manage the decline in cheque use.

Keywords: consumer payments survey; cheques; cheque use; cheque system; personal cheques; bank cheques; financial institution cheques; commercial cheques; pexa (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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