Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Lesotho
LSOFCMTVXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,922,000,000.00
Year-over-Year Change
49128.94%
Date Range
1/1/2013 - 1/1/2023
Summary
This economic trend measures the value of mobile money transactions in Lesotho during a given reference year. It provides insights into the adoption and usage 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: Value of Mobile Money Transactions (during the Reference Year) for Lesotho series tracks the total monetary value of mobile money transactions in Lesotho. It serves as an indicator of the growth and penetration of mobile-based financial services in the country.
Methodology
The data is collected and reported by the Central Bank of Lesotho.
Historical Context
This trend is relevant for policymakers and financial institutions to monitor the development of digital financial inclusion in Lesotho.
Key Facts
- Lesotho's mobile money transaction value was $XXX in the most recent year.
- Mobile money accounts for XX% of total financial transactions in Lesotho.
- The mobile money user base in Lesotho has grown by XX% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions in Lesotho during a given reference year. It provides insights into the adoption and usage of mobile-based financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, financial institutions, and analysts to monitor the development of digital financial inclusion and the growth of the mobile money ecosystem 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 is used by policymakers and regulators to assess the progress of financial inclusion initiatives and the shift towards digital financial services in Lesotho.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, as it relies on reporting from the Central Bank of Lesotho. Additionally, the trend may not capture all mobile money transactions in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Lesotho (LSOFCMTVXDC), retrieved from FRED.