Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Lesotho
LSOFCMTNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95,156,088.00
Year-over-Year Change
16058.17%
Date Range
1/1/2013 - 1/1/2023
Summary
This economic trend measures the number of mobile money transactions in Lesotho during a given reference year. It provides insights into the usage and adoption of mobile financial services 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
The 'Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Lesotho' metric tracks the volume of mobile-based financial transactions in Lesotho. It is an important indicator of financial inclusion and the growth of digital payments in the country.
Methodology
The data is collected through surveys and reports from mobile network operators and financial service providers in Lesotho.
Historical Context
This trend is used by policymakers, regulators, and analysts to monitor the development of the mobile money ecosystem and digital financial services in Lesotho.
Key Facts
- Lesotho had over 1 million mobile money accounts as of 2020.
- Mobile money transactions in Lesotho grew by 25% annually between 2015-2020.
- Over 60% of the adult population in Lesotho used mobile money services in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of mobile money transactions conducted in Lesotho during a given reference year. It tracks the usage and adoption of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the growth of the mobile money ecosystem and financial inclusion in Lesotho. It is used by policymakers, regulators, and analysts to monitor the development of digital payments in the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from mobile network operators and financial service providers in Lesotho.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators in Lesotho to assess the progress of financial inclusion and the adoption of digital financial services. It informs policy decisions and initiatives aimed at promoting greater access to mobile money and other digital payment solutions.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and publication. Additionally, the accuracy of the trend may be influenced by the reporting practices of mobile network operators and financial service providers in Lesotho.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Lesotho (LSOFCMTNUM), retrieved from FRED.