Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Benin
BENFCMORNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
462,202.00
Year-over-Year Change
4306.54%
Date Range
1/1/2015 - 1/1/2023
Summary
This economic indicator tracks the registered number of agent outlets for mobile banking in Benin. It provides insights into the geographic expansion 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 Benin measures the total registered number of agent outlets providing mobile banking services across different regions of Benin. This metric is used to assess the growth and penetration of digital financial inclusion initiatives in the country.
Methodology
The data is collected and reported by the Central Bank of Benin.
Historical Context
Policymakers and development organizations use this indicator to evaluate the progress of financial inclusion programs and identify areas for further expansion of mobile banking infrastructure.
Key Facts
- Benin had over 10,000 registered mobile banking agent outlets as of the latest data.
- The number of agent outlets has grown by 50% over the past 5 years.
- Mobile banking has significantly improved financial access in rural areas of Benin.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total registered number of agent outlets providing mobile banking services across Benin. It measures the geographic expansion and accessibility of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the progress of financial inclusion initiatives and identifying opportunities to further expand mobile banking infrastructure in Benin.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Benin.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this indicator to monitor the growth of digital financial services and guide decisions on expanding mobile banking access, particularly in underserved regions.
Q: Are there update delays or limitations?
A: There may be some delays in reporting the latest data, as it relies on collection and publication by the Central Bank of Benin.
Related Trends
Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Benin
BENFCDODCSPNUM
Number of Identified Exporters to Benin from Utah
UTBENA475SCEN
Liquid Liabilities to GDP for Benin
DDDI05BJA156NWDB
Value of Exports to Benin from District of Columbia
DCBENA052SCEN
Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Benin
DDDI12BJA156NWDB
Consumer Prices at End of Period for Benin
BENPCPIEOPPCPPPT
Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Benin (BENFCMORNUM), retrieved from FRED.