Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Congo
CODFCMOANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71,383.00
Year-over-Year Change
57934.96%
Date Range
1/1/2012 - 1/1/2014
Summary
This economic trend measures the active number of agent outlets for mobile banking in the Democratic Republic of the Congo, providing insights into the geographical outreach and accessibility of financial services.
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 is an important indicator of financial inclusion and the expansion of digital financial services in the DRC. It reflects the ability of financial institutions to extend their reach beyond traditional bank branches, especially to underserved rural areas.
Methodology
The data is collected through surveys and reporting by financial service providers.
Historical Context
This trend is closely monitored by policymakers, development organizations, and financial regulators to assess progress in financial deepening and digital transformation.
Key Facts
- The DRC had over 50,000 active mobile banking agent outlets as of the latest data.
- Mobile banking has expanded rapidly in the DRC, growing by over 20% annually in recent years.
- Agent outlets play a crucial role in bringing financial services to underbanked rural populations in the DRC.
FAQs
Q: What does this economic trend measure?
A: This trend measures the active number of agent outlets for mobile banking services in the Democratic Republic of the Congo. It reflects the geographical outreach and accessibility of digital financial services.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding financial inclusion and the expansion of digital finance in the DRC. It provides insights into how financial institutions are extending their reach beyond traditional bank branches.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting by financial service providers operating in the DRC.
Q: How is this trend used in economic policy?
A: Policymakers, development organizations, and financial regulators closely monitor this trend to assess progress in financial deepening and digital transformation in the DRC.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags, and the coverage of financial service providers may not be comprehensive across all regions of the DRC.
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Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Congo (CODFCMOANUM), retrieved from FRED.