Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Bangladesh
BGDFCMORNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,828,870.00
Year-over-Year Change
6937.36%
Date Range
1/1/2011 - 1/1/2024
Summary
This economic trend measures the registered number of agent outlets for mobile banking services in Bangladesh, which is an important indicator of financial inclusion and access to digital financial services.
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 Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Bangladesh series tracks the growth and expansion of the mobile banking agent network in the country. This data point is crucial for understanding how financial services are being delivered to underserved populations.
Methodology
The data is collected by the Bangladesh Bank, the central bank, based on reports from mobile financial service providers.
Historical Context
Monitoring this trend helps policymakers assess progress towards financial inclusion goals and the development of the digital finance ecosystem.
Key Facts
- Bangladesh has over 900,000 registered mobile banking agent outlets as of 2022.
- Mobile banking has rapidly expanded access to financial services in rural Bangladesh.
- The agent network is a key driver of financial inclusion in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the registered number of agent outlets for mobile banking services in Bangladesh, which is an important indicator of financial inclusion and access to digital financial services.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the growth and expansion of the mobile banking agent network in Bangladesh helps policymakers and analysts assess progress towards financial inclusion goals and the development of the digital finance ecosystem.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bank, the central bank, based on reports from mobile financial service providers.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers to evaluate the effectiveness of initiatives aimed at improving financial inclusion and access to digital financial services in Bangladesh.
Q: Are there update delays or limitations?
A: The data is reported regularly by the Bangladesh Bank, but there may be some delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Bangladesh (BGDFCMORNUM), retrieved from FRED.