Ammon News - The value of returned checks rose to JD 134.4 million in September, up from JD 114.7 million in August, according to statistics released by the Jordan Payments and Clearing Company (JoPACC).

According to the company's monthly report reviewed by "Ammon News", a total of 15,100 checks were returned in September.

61.1%, or 9,198 checks worth JD 93.4 million, were returned for financial reasons, while 38.9%, or 5,858 checks worth JD 41.1 million, were returned for technical reasons.

The number of checks processed in September fell by 4.3% to 532,000, with a total value of approximately JD 3.8 billion, compared with 556,000 checks worth JD 3.81 billion in August.

The proportion of returned checks as a share of all checks processed stood at 3.54% in September, compared with 3.01% in August.