Checks used to make payments (% age 15+)

This indicator reflects the proportion of individuals aged 15 and above who engaged in making payments through checks in the preceding year, highlighting a traditional method of transaction in an increasingly digital financial landscape. By capturing the habits of these respondents, it provides critical insights into consumer preferences and behaviors regarding payment methods. A higher percentage may suggest a continued trust in paper-based transactions, often valued for their perceived security and tangible record-keeping. Conversely, a decline in check usage could indicate a shift towards digital payments, influenced by technological advancements and changing attitudes towards convenience. Monitoring these trends can help businesses, policymakers, and financial institutions adapt strategies to meet evolving consumer needs. Source: