Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Rwanda
RWAFCMTNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,263,051,143.00
Year-over-Year Change
324353.17%
Date Range
1/1/2011 - 1/1/2023
Summary
This trend measures the number of mobile money transactions in Rwanda during a given reference year. It provides insights 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
The 'Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Rwanda' trend tracks the volume of mobile money transactions in Rwanda. This data is used by economists and policymakers to gauge the growth and impact of digital financial inclusion in the country.
Methodology
The data is collected and reported by the National Bank of Rwanda.
Historical Context
This trend is relevant for understanding the development of Rwanda's digital finance ecosystem and informing policies aimed at promoting financial inclusion.
Key Facts
- Rwanda has one of the highest mobile money account ownership rates in Africa.
- Mobile money has become a key enabler of financial inclusion in Rwanda.
- The number of mobile money transactions has grown rapidly in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of mobile money transactions in Rwanda during a given reference year. It provides insights into the adoption and usage of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development of Rwanda's digital finance ecosystem and informing policies aimed at promoting financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Rwanda.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to gauge the growth and impact of digital financial inclusion in Rwanda.
Q: Are there update delays or limitations?
A: The data is published annually by the National Bank of Rwanda, and there may be some time lags in reporting.
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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 Rwanda (RWAFCMTNUM), retrieved from FRED.