Use of Financial Services, Mobile Banking: Registered Number of Mobile Money Accounts for Namibia
NAMFCMARNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,887,815.00
Year-over-Year Change
35744.48%
Date Range
1/1/2010 - 1/1/2023
Summary
The 'Use of Financial Services, Mobile Banking: Registered Number of Mobile Money Accounts for Namibia' trend measures the total number of registered mobile money accounts in Namibia. This metric is important for understanding financial inclusion and digital payment adoption 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 series tracks the total number of registered mobile money accounts in Namibia. Mobile money services allow users to store, send, and receive digital funds using their mobile devices. This metric is a key indicator of financial technology penetration and financial inclusion in the Namibian economy.
Methodology
The data is collected directly from mobile network operators and financial service providers in Namibia.
Historical Context
Policymakers and financial analysts use this data to assess the growth and adoption of digital financial services in Namibia.
Key Facts
- Namibia had over 1.3 million registered mobile money accounts as of 2021.
- Mobile money accounts have grown by over 20% annually in Namibia since 2016.
- Approximately 50% of Namibian adults now have a registered mobile money account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of registered mobile money accounts in Namibia. Mobile money services allow users to store, send, and receive digital funds using their mobile devices.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial inclusion and digital payment adoption in the Namibian economy, which is important for policymakers and financial analysts to understand.
Q: How is this data collected or calculated?
A: The data is collected directly from mobile network operators and financial service providers in Namibia.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this data to assess the growth and adoption of digital financial services in Namibia, which can inform policies and regulations around financial inclusion and technological innovation.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be occasional delays in reporting from some providers.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Registered Number of Mobile Money Accounts for Namibia (NAMFCMARNUM), retrieved from FRED.