Editing Cheque (section)

==== Decline in Oceania ====
Both Australia and New Zealand were heavy users of cheques during the later part of the 20th century. However, following global trends both countries have seen significant decline in the use of cheques. 

In Australia, following global trends, the use of cheques continues to decline.  In 1994 the value of daily cheque transactions was A$25&nbsp;billion; by 2004 this had dropped to only A$5&nbsp;billion, almost all of this for [[Business-to-business|B2B transactions]]. Personal cheque use is practically non-existent thanks to the longstanding use of the [[EFTPOS]] system, [[BPAY]], electronic transfers, and debit cards. The Australian payment systems strategic plan has said it will remove cheques by 2030.<ref>{{cite web |url=https://www.commbank.com.au/articles/banking/are-australians-using-cheques.html |title=Are Australians still using cheques? |year=2022 |access-date=February 1, 2024}}</ref>

In New Zealand, payments by cheque have declined from the mid-1990s in favour of electronic payment methods. In 1993, cheques accounted for over half of transactions through the national banking system, with an annual average of 130 cheques per capita. By 2006, cheques lagged well behind [[EFTPOS]] ([[debit card]]) transaction and electronic credits, making up only nine per cent of transactions, an annual average of 41 cheque transactionz per capita.<ref>{{cite web|url=http://www.rbnz.govt.nz/markets_and_payment_operations/ |title= Payment and Settlement Systems in New Zealand |work= Reserve Bank of New Zealand |date = March 2008|accessdate= 2010-09-19}}</ref> Cheques were phased out completely in 2020 and no bank nor retailer accepts them in any form.