which enable secure and cost effective means of making payments. CBS in banks has enhanced the use of these products which are being increasingly used today. But financial inclusion is key to have a major reduction in the use of cash in our society. 4  BIS central bankers’ speeches  Can usage of cheques be contained?
The electronic products referred to above do offer a very good and efficient alternative to cheques. But use of cheques continues to be predominant in the payment systems even today.