Lesson #370
BusinessWhy are some of the world’s most advanced nations still writing personal checks?
Check-writing is a low-tech, burdensome, and time-consuming form of payment. Some countries, like China, South Korea, and Japan, completely skipped personal checks and went straight from cash-based systems to electronic payments. So why are some of the world’s most advanced nations still writing personal checks? Plus, learn what it means to “reverse course.”