In 2016, which country accounted for 73.5% of the total global cheque volume?

The United States was responsible for 73.5% of the total global cheque volume in 2016, reflecting the country's strong reliance on cheque payments in a variety of transactions, including personal, business, and government payments.

Cheques have historically been a popular payment method in the U.S., supported by established banking practices and consumer habits. This dominance in cheque usage can also be attributed to the extensive cheque processing infrastructure that exists in the country, which facilitates the handling and clearance of cheque transactions efficiently.

In contrast, other countries mentioned, such as Canada and Australia, have been progressively moving towards digital payment methods, leading to a decline in cheque usage. The UK, while it still employs cheques in certain transactions, also saw a significant decline in cheque reliance around that time due to the rise of electronic payments. This context highlights why the U.S. stood out in 2016 as the leading country in cheque volume.