Will the checks disappear? The statistics suggest that it is, and the financial sector has been preparing to provide solutions that complement the objective for which the financial statements were created. checks.
“bye, bye to the checks”, was the phrase used yesterday by the director of the payment system of the central bankÁngel González, when explaining the trend to the decrease in the use of checkbooks as a means of payment in the country, within the framework of the XXII Latin American Congress of Financial Technology and Innovation (CLAB) 2022.
According to data from central bankas of September 2022, the participation of checks in the financial sector represented only the 3 %compared to the growing use of digital channels for fund transfers with 33% and the use of cards to pay for products and services with 64%.
The use of checks It was for a long time the mechanism most used by businessmen to make payments and have proof and control of their corporate expenses. Since 2008, the permanence of that payment method It had been uneven, going from 29% that year to 34% in 2009.
Despite the slight rise that maintained its relevance in the Finance system for six years, from 2008 to 2013, starting in 2014 it began to decrease from 16%, until reaching 3% during the first nine months of 2022.
Ángel González considered that this method will no longer be used in the country in the near future, but reported that the regulatory body remains expectant to continue regulating the new alternatives that arise in the financial sector.
online trading
Regarding the expansion of electronic channels, González said that the country has registered good acceptance and an increase in online tradingthanks to new players that are boosting the market and contributing to financial inclusion.
