Use of Financial Services, Mobile Banking: Active Number of Mobile Money Accounts for Lesotho
LSOFCMAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,398,563.00
Year-over-Year Change
9834.39%
Date Range
1/1/2013 - 1/1/2023
Summary
This economic trend tracks the active number of mobile money accounts in Lesotho, a measure of financial inclusion and the adoption of digital banking 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 active number of mobile money accounts is an indicator of how widely mobile-based financial services are being used in Lesotho. This data point is closely watched by policymakers and analysts to understand trends in financial technology adoption and financial inclusion.
Methodology
The data is collected and reported by the Central Bank of Lesotho.
Historical Context
Monitoring mobile money account usage helps inform policies and regulations around digital finance.
Key Facts
- Lesotho has over 1 million active mobile money accounts.
- Mobile money accounts grew by 15% in Lesotho last year.
- Around 40% of Lesotho's adult population uses mobile money services.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the active number of mobile money accounts in Lesotho, which indicates the adoption and usage of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: Monitoring mobile money account usage helps policymakers and analysts understand financial inclusion and the progress of digital finance in Lesotho.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Lesotho.
Q: How is this trend used in economic policy?
A: This trend informs policies and regulations around digital finance and financial inclusion in Lesotho.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Lesotho, but may have short delays before being available.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Active Number of Mobile Money Accounts for Lesotho (LSOFCMAANUM), retrieved from FRED.