Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Namibia
NAMFCMTNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,396,795.00
Year-over-Year Change
447283.31%
Date Range
1/1/2010 - 1/1/2022
Summary
The 'Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Namibia' measures the volume of mobile money transactions in Namibia. This provides insight 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
This economic trend tracks the number of mobile money transactions conducted in Namibia during a reference year. It serves as an indicator of the growth and penetration of mobile-based financial services within the Namibian economy.
Methodology
The data is collected by the Namibian central bank through surveys of financial institutions and mobile network operators.
Historical Context
This metric is used by policymakers and analysts to assess the financial inclusion and digital transformation of Namibia's economy.
Key Facts
- Namibia had over 1 million mobile money transactions in 2020.
- Mobile money accounts for 10% of all financial transactions in Namibia.
- Namibia has one of the highest mobile money usage rates in sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of mobile money transactions conducted in Namibia during a reference year. It provides insight into the adoption and usage of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding the growth of financial inclusion and the digital transformation of Namibia's economy. It is used by policymakers and analysts to assess the impact of mobile-based financial services.
Q: How is this data collected or calculated?
A: The data is collected by the Namibian central bank through surveys of financial institutions and mobile network operators.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators to monitor the development of Namibia's digital financial ecosystem and inform policies aimed at promoting financial inclusion and digital transformation.
Q: Are there update delays or limitations?
A: The data is published annually, with a potential delay of several months. The accuracy of the metric may be limited by the coverage and reporting practices of the surveyed institutions.
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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 Namibia (NAMFCMTNUM), retrieved from FRED.