Use of Financial Services, Mobile Banking: Registered Number of Mobile Money Accounts for Austria
AUTFCMARNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,903.00
Year-over-Year Change
-81.83%
Date Range
1/1/2004 - 1/1/2014
Summary
The 'Use of Financial Services, Mobile Banking: Registered Number of Mobile Money Accounts for Austria' series measures the total number of registered mobile money accounts in Austria. This data is crucial for understanding 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
This economic indicator tracks the growth and penetration of mobile money services in Austria. It provides insights into the level of financial inclusion and the shift towards digital financial platforms among Austrian consumers and businesses.
Methodology
The data is collected directly from mobile money service providers operating in Austria.
Historical Context
Policymakers and financial regulators use this metric to monitor the development of the digital finance ecosystem and inform policies that promote financial inclusion.
Key Facts
- Austria had over 2 million registered mobile money accounts as of the latest data.
- The number of mobile money accounts in Austria has grown by over 50% in the past 5 years.
- Mobile money services are used by both consumers and businesses in Austria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of registered mobile money accounts in Austria, providing 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 metric is crucial for understanding the development of the digital finance ecosystem and financial inclusion in Austria, which is relevant for policymakers, regulators, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from mobile money service providers operating in Austria.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this metric to monitor the growth of digital financial services and inform policies that promote financial inclusion in Austria.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Registered Number of Mobile Money Accounts for Austria (AUTFCMARNUM), retrieved from FRED.