Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Philippines
PHLFCMORNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,595.00
Year-over-Year Change
496.38%
Date Range
1/1/2010 - 1/1/2021
Summary
This trend measures the registered 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: Registered Number of Agent Outlets for Philippines trend tracks the total number of registered agent outlets that facilitate mobile banking transactions in the Philippines. This metric is an important indicator of financial inclusion and the expansion of digital financial services.
Methodology
The data is collected by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
This trend is used by policymakers, financial institutions, and economic analysts to assess the progress of financial inclusion initiatives and the adoption of mobile banking in the Philippines.
Key Facts
- The number of registered agent outlets for mobile banking in the Philippines has steadily increased over the past decade.
- Agent outlets play a crucial role in expanding access to financial services, especially in remote and underserved areas.
- The growth in mobile banking agent outlets is a key indicator of the Philippines' efforts to promote financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the registered number of agent outlets that facilitate mobile banking transactions in the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the geographical outreach and accessibility of financial services, which is an important indicator of financial inclusion in the Philippines.
Q: How is this data collected or calculated?
A: The data is collected by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Q: How is this trend used in economic policy?
A: Policymakers, financial institutions, and economic analysts use this trend to assess the progress of financial inclusion initiatives and the adoption of mobile banking in the Philippines.
Q: Are there update delays or limitations?
A: The data is provided on a regular basis by the Bangko Sentral ng Pilipinas, but there may be occasional delays or limitations in coverage.
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Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Philippines (PHLFCMORNUM), retrieved from FRED.