Japan, South Korea and Taiwan. This declining trend was accelerated by these developed markets advanced financial services infrastructure. Many of the developing countries in Asia have seen an increasing use of electronic payment systems, 'leap-frogging' the less efficient chequing system altogether. India India is one of the few countries in Asia that did have significant cheque usage. It had a long tradition of using cheques and passed laws formalising cheque usage as early as 1881. In 2009 cheques were still widely used as a means of payment in trade, and also by individuals to pay other individuals or utility bills. One of the reasons was that banks usually provided cheques for free to their individual account holders. However, cheques are now rarely accepted at point of sale in retail stores where cash and cards are payment methods of choice. Electronic payment transfer continued to gain popularity in India and like other countries this caused a subsequent reduction in volumes of cheques issued each year. In 2009 the Reserve Bank of India reported there was a five percent decline in cheque usage compared to the previous year. In 2019, the Reserve Bank of India reported that while cheque usage continued to decline, the decrease was slow. The bank attributed the slow pace of the decline due to the fact that cheque volume had briefly increased after demonetisation in 2016 before continuing to fall, as well as the efficiency of India's cheque clearing system. Israel Cheques are widely used - in the retail market, between persons, and for other payments. The law rules that payments in cash cannot exceed 6000 NIS, so cheque payment is a legal term when that maximum is reached. It's possible to pay at the cash desk at the supermarket or shop by cheque or issue a check for annual school payments for a child. Utility bills and property tax can be paid by cheque at the post office. Moreover, usually tenant issues twelve post-dated cheques to the landlord after signing the rental agreement: one cheque per month of the rental term; additional cheques signed by a tenant with an open date and amount for utility providers to ensure that the tenant will leave no debts. Ten bounced cheques during a year will result in the restriction of cheques for the account, and the bank will bounce new cheques for a year. If the account owner continues to