South America Cheque Scanner Market Growth and Analysis by 2028

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

South America Cheque Scanner Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Single-Feed Check Scanners and Multi-Feed Check Scanners) and Application (Banks, and Enterprises and Financial Institutions) 

  • Report Date : Feb 2022
  • Report Code : TIPRE00027202
  • Category : Banking, Financial Services, and Insurance
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 95
Page Updated: Feb 2022

The cheque scanner market in South America is expected to grow from US$ 44.59 million in 2021 to US$ 57.76 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028.

The banking regulatory authority continuously monitors banking system operation in the country. Moreover, the banking regulatory authority across the region have been promoting digital transformation including the process of digital cheque clearance, thereby driving the demand for cheque scanner. The digital transformation of banking is taking place in various countries of South America including Brazil. During 2011–2012, Brazilian banks started clearing scanned image of cheques, to avoid difficulty and expense of transporting paper cheques across long distances. In recent time (2019–2020), Brazilian banks have started to roll out remote deposit capture. Banese, a small state-run bank in the northwestern part of the country, became the first to offer remote deposit capture (RDC) for businesses. Similarly, Bradesco stated utilizing the benefits of RDC, driving the growth of the South America cheque scanner market.Governments of South American countries took several actions to protect their citizens from the COVID-19 by containing its spread. The pandemic hampered the banking business in the region in 2020. However, businesses have now resumed in South American countries, which is projected to gradually create the demand for cheque scanners among banks and financial institutions. Brazil and Chile are among the countries that have robust banking systems, which are likely to recommence operations.

South America Cheque Scanner Market Revenue and Forecast to 2028 (US$ Million)

South America Cheque Scanner Market Segmentation   

South America Cheque Scanner Market – By Type

  • Single-Feed Check Scanner
  • Multi-Feed Check Scanner

South America Cheque Scanner Market – By Application

  • Banks
  • Enterprises and Financial Institutions

South America Cheque Scanner Market– By Country

  • Brazil
  • Argentina
  • Chile
  • Rest of South America

South America Cheque Scanner Market-Companies Mentioned

  • Canon Inc.
  • Digital Check
  • Eastman Kodak Company
  • Epson
  • MagTek Inc
  • NCR Corporation
  • Panini S.p.A.

South America Cheque Scanner Report Scope

Report Attribute Details
Market size in 2021 US$ 44.59 Million
Market Size by 2028 US$ 57.76 Million
CAGR (2021 - 2028)3.8%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Type
  • Single-Feed Check Scanners and Multi-Feed Check Scanners
By Application
  • Banks
  • Enterprises and Financial Institutions
Regions and Countries Covered South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Market leaders and key company profiles
  • Canon Inc.
  • Digital Check
  • Eastman Kodak Company
  • Epson
  • MagTek Inc
  • NCR Corporation
  • Panini S.p.A.
Ankita Mittal
Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

  • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
  • PEST and SWOT Analysis
  • Market Size Value / Volume - Regional, Country
  • Industry and Competitive Landscape
  • Excel Dataset

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