Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Mozambique
MOZFCMTNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,701,006,915.00
Year-over-Year Change
33158.51%
Date Range
1/1/2014 - 1/1/2023
Summary
This economic trend measures the number of mobile money transactions in Mozambique during a given reference year. It provides insights into the adoption and usage of digital 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 Mozambique metric tracks the volume of mobile-based financial transactions, such as deposits, withdrawals, and money transfers, made by individuals and businesses in Mozambique. This data point is useful for analyzing the growth and penetration of mobile banking and digital financial inclusion in the country.
Methodology
The data is collected by monitoring and aggregating transaction records from mobile money service providers operating in Mozambique.
Historical Context
This trend is closely monitored by policymakers, financial regulators, and development organizations to assess the progress of financial digitalization and its impact on financial inclusion in Mozambique.
Key Facts
- Mozambique has over 6 million registered mobile money accounts.
- Mobile money transactions account for over 30% of Mozambique's GDP.
- The number of mobile money agents in Mozambique exceeds 30,000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of mobile money transactions, such as deposits, withdrawals, and transfers, made in Mozambique during a given reference year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the adoption and usage of digital financial services in Mozambique, which is a key indicator of financial inclusion and the progress of financial digitalization in the country.
Q: How is this data collected or calculated?
A: The data is collected by monitoring and aggregating transaction records from mobile money service providers operating in Mozambique.
Q: How is this trend used in economic policy?
A: Policymakers, financial regulators, and development organizations closely monitor this trend to assess the progress of financial digitalization and its impact on financial inclusion in Mozambique.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and can be influenced by changes in the mobile money market and regulatory environment in Mozambique.
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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 Mozambique (MOZFCMTNUM), retrieved from FRED.