Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Philippines
PHLFCMOANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,429.00
Year-over-Year Change
381.11%
Date Range
1/1/2010 - 1/1/2021
Summary
This economic trend measures the active number of agent outlets for mobile banking in the Philippines. It provides insights into the geographical outreach and accessibility of 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 Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Philippines trend tracks the total number of active agent outlets that facilitate mobile banking transactions in the Philippines. This metric is used to assess the expansion and penetration of digital financial services across the country.
Methodology
The data is collected and reported by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
This trend is relevant for policymakers, financial institutions, and analysts studying financial inclusion and the development of digital banking infrastructure in the Philippines.
Key Facts
- The Philippines has over 400,000 active mobile banking agent outlets as of 2022.
- Mobile banking agent outlets have grown by over 50% in the Philippines since 2018.
- Around 70% of Filipino adults now have access to formal financial services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the active number of agent outlets that facilitate mobile banking transactions in the Philippines. It provides insights into the geographical reach and accessibility of digital financial services.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding financial inclusion and the expansion of digital banking infrastructure in the Philippines. It is used by policymakers, financial institutions, and economists to assess progress in broadening access to formal financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to monitor the growth of digital financial services and ensure equitable access, particularly in underserved regions. It informs initiatives to promote financial inclusion and the development of the Philippines' digital banking ecosystem.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Bangko Sentral ng Pilipinas, with typical update lags of 1-2 quarters. There may be some limitations in capturing informal or unregistered agent outlets.
Related Trends
Number of Identified Exporters to Philippines from Massachusetts
MAPHLA475SCEN
Gross Portfolio Debt Liabilities to GDP for Philippines
DDDM10PHA156NWDB
Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 100,000 Adults for Philippines
PHLFCMORANUM
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Other Financial Intermediaries for Philippines
PHLFCBMONUM
Use of Financial Services: Number of Depositors at Commercial Banks for Philippines
PHLFCDODCPENUM
Net migration for the Philippines
SMPOPNETMPHL
Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Philippines (PHLFCMOANUM), retrieved from FRED.