Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Rwanda
RWAFCMOANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140,899.00
Year-over-Year Change
10058.54%
Date Range
1/1/2011 - 1/1/2023
Summary
This trend measures the active number of agent outlets for mobile banking in Rwanda, which is an important indicator of financial inclusion and access to 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 active number of agent outlets for mobile banking represents the physical network of agents or third-party locations where customers can perform basic banking transactions such as deposits, withdrawals, and money transfers using their mobile devices. This metric is a key indicator of financial sector development and digital financial inclusion.
Methodology
The data is collected by the National Bank of Rwanda through surveys of mobile money service providers.
Historical Context
Policymakers and financial regulators use this metric to assess progress towards expanding access to formal financial services.
Key Facts
- Rwanda has over 50,000 active mobile banking agent outlets as of the latest data.
- The number of agent outlets has grown by over 20% annually in recent years.
- Mobile banking has become a key driver of financial inclusion in Rwanda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the active number of agent outlets for mobile banking services in Rwanda, which is an important indicator of financial inclusion and access to digital financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the development of Rwanda's financial sector and the progress being made in expanding access to formal financial services through mobile banking technology.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Rwanda through surveys of mobile money service providers.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this metric to assess progress towards expanding access to formal financial services and promoting financial inclusion in Rwanda.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the National Bank of Rwanda, and there may be some limitations in coverage or reporting consistency across different mobile money service providers.
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Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Rwanda (RWAFCMOANUM), retrieved from FRED.