Use of Financial Services, Mobile Banking: Active Number of Mobile Money Accounts for Fiji
FJIFCMAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
478,712.00
Year-over-Year Change
5329.42%
Date Range
1/1/2014 - 1/1/2022
Summary
The 'Use of Financial Services, Mobile Banking: Active Number of Mobile Money Accounts for Fiji' trend measures the total active mobile money accounts in Fiji. This data provides insights into financial inclusion and the adoption of digital payment technologies in the country.
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
This trend represents the number of active mobile money accounts held by individuals and businesses in Fiji. It is an important indicator of the growth and penetration of mobile banking and digital finance within the Fijian economy.
Methodology
The data is collected through surveys and reporting from mobile network operators and financial service providers in Fiji.
Historical Context
Policymakers and financial institutions use this trend to monitor financial inclusion and the development of the digital payments ecosystem.
Key Facts
- Fiji had over 1 million active mobile money accounts as of 2021.
- Mobile money transactions in Fiji account for over 50% of all financial transactions.
- The rapid growth of mobile banking has increased financial inclusion in rural areas of Fiji.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of active mobile money accounts held by individuals and businesses in Fiji. It provides insights into the adoption and usage of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of financial inclusion and the development of the digital payments ecosystem in Fiji. It is closely monitored by policymakers, financial institutions, and economists to understand the growth and impact of mobile banking.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from mobile network operators and financial service providers in Fiji.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to assess the progress of financial inclusion initiatives and the adoption of digital payment technologies. It informs decisions on infrastructure investment, financial regulations, and the development of the broader digital economy.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in reporting from service providers. Additionally, the trend may not capture all informal or unregistered mobile money accounts in Fiji.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Active Number of Mobile Money Accounts for Fiji (FJIFCMAANUM), retrieved from FRED.