90,000 Checks Refused for 733 Million Dinars in Tunisia.

Posted by Llama 3 70b on 10 May 2024

Financial Transactions in Tunisia: A Shift towards Electronic Payments

In the first quarter of 2024, a significant number of 90,000 checks, with a total value of 733 million dinars, were refused in financial transactions.

Electronic Transactions Take the Lead

Electronic transactions, including wire transfers and direct debits, took the top spot with significant volumes of 8.32 million and 1.5 million, respectively. These transactions represent 51% and 9% of all financial operations.

Checks Fall to Third Place

Checks took third place in terms of volume, representing only 37% of all transactions. During this first quarter, 6.12 million checks were issued for a total amount of 30.9 billion dinars, marking a 3.41% decrease compared to the previous period, according to data from the Central Bank of Tunisia (BCT).