Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Rwanda
RWAFCMORNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
162,199.00
Year-over-Year Change
11594.23%
Date Range
1/1/2011 - 1/1/2023
Summary
This trend measures the registered number of agent outlets for mobile banking in Rwanda, an important indicator of financial inclusion and digital access.
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 Rwanda data series tracks the total number of registered agent outlets providing mobile banking services across the country. This metric is a key statistic for understanding the growth and reach of digital financial services in Rwanda.
Methodology
The data is collected by the National Bank of Rwanda.
Historical Context
This trend is widely used by policymakers, development organizations, and financial sector analysts to evaluate financial inclusion and digital infrastructure progress in Rwanda.
Key Facts
- Rwanda had over 60,000 registered mobile banking agent outlets as of 2020.
- Mobile banking agent density in Rwanda is among the highest in Sub-Saharan Africa.
- Agent banking has been a key driver of financial inclusion in Rwanda, reaching underserved rural populations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of registered agent outlets providing mobile banking services across Rwanda. It is an important indicator of financial inclusion and digital infrastructure development.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by policymakers, development organizations, and financial sector analysts to evaluate progress in expanding digital financial services and financial inclusion in Rwanda.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Rwanda.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to monitor the growth of mobile banking infrastructure and access, which is a key driver of financial inclusion in Rwanda.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, but the National Bank of Rwanda publishes this series on a regular basis.
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Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Rwanda (RWAFCMORNUM), retrieved from FRED.