Use of Financial Services, Mobile Banking: Active Number of Mobile Money Accounts for Bangladesh
BGDFCMAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,892,851.00
Year-over-Year Change
16832.94%
Date Range
1/1/2011 - 1/1/2024
Summary
This economic trend measures the active number of mobile money accounts in Bangladesh, a key indicator of digital financial inclusion and mobile banking adoption.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The active number of mobile money accounts in Bangladesh reflects the utilization and penetration of mobile-based financial services. This data point is closely monitored by economists, policymakers, and financial institutions to gauge the progress of financial digitization and access to banking for underserved populations.
Methodology
The data is collected by the Bangladesh Bank and reported through the Financial Inclusion Insights program.
Historical Context
This trend is used to assess the impact of financial technology policies and monitor the development of the mobile money ecosystem.
Key Facts
- Bangladesh has one of the highest mobile money account ownership rates globally.
- Mobile money accounts provide access to basic financial services for the unbanked population.
- Active accounts have grown rapidly in recent years due to supportive regulations and mobile network expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the active number of mobile money accounts in Bangladesh, which indicates the adoption and utilization of digital financial services.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for assessing financial inclusion and the development of the mobile money ecosystem in Bangladesh.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bank and reported through the Financial Inclusion Insights program.
Q: How is this trend used in economic policy?
A: This trend is used to evaluate the impact of financial technology policies and monitor the progress of financial digitization in Bangladesh.
Q: Are there update delays or limitations?
A: The data may have some delay in reporting, and the measurement of active accounts can vary across different sources.
Related Trends
Number of Identified Exporters to Bangladesh from Maine
MEBGDA475SCEN
Number of Identified Exporters to Bangladesh from Puerto Rico
PRBGDA475SCEN
Use of Financial Services: Key Indicators, Household Borrowers from Commercial Banks Per 1000 Adults for Bangladesh
BGDFCRODCHANUM
Number of Identified Exporters to Bangladesh from Ohio
OHBGDA475SCEN
Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Bangladesh
DDDI04BDA156NWDB
Geographical Outreach: Key Indicators, All MFI Branches Per 100,000 Adults for Bangladesh
BGDFCBODMFANUM
Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Active Number of Mobile Money Accounts for Bangladesh (BGDFCMAANUM), retrieved from FRED.