Use of Financial Services, Mobile Banking: Value of Outstanding Balances in Active Mobile Money Accounts for Fiji
FJIFCMAABXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,000,000.00
Year-over-Year Change
5923.57%
Date Range
1/1/2014 - 1/1/2022
Summary
This economic trend measures the total value of outstanding balances in active mobile money accounts in Fiji. It provides insights into the usage and growth of mobile 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: Value of Outstanding Balances in Active Mobile Money Accounts for Fiji trend tracks the total value of funds held in active mobile money accounts in Fiji. This metric is used to assess the adoption and utilization of mobile banking and digital financial services within the country.
Methodology
The data is collected directly from mobile money service providers operating in Fiji.
Historical Context
This trend is relevant for policymakers and financial institutions seeking to understand the development of digital finance infrastructure and financial inclusion in Fiji.
Key Facts
- Fiji has seen a steady increase in mobile money account usage in recent years.
- Mobile money is an important tool for financial inclusion in Fiji, where many individuals lack access to traditional banking.
- The value of outstanding balances in active mobile money accounts is a key indicator of the growth and maturity of Fiji's digital finance ecosystem.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding balances in active mobile money accounts in Fiji, providing insights into the usage and adoption of mobile financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, financial institutions, and analysts seeking to understand the development of digital finance infrastructure and financial inclusion in Fiji.
Q: How is this data collected or calculated?
A: The data is collected directly from mobile money service providers operating in Fiji.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators to monitor the growth and impact of mobile financial services, which are an important tool for improving financial inclusion in Fiji.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, as it relies on reporting from mobile money service providers in Fiji.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Value of Outstanding Balances in Active Mobile Money Accounts for Fiji (FJIFCMAABXDC), retrieved from FRED.