Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Fiji
FJIFCMTVXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,760,000,000.00
Year-over-Year Change
18003.45%
Date Range
1/1/2011 - 1/1/2022
Summary
This economic trend measures the value of mobile money transactions in Fiji during a given reference year. It provides insights into the adoption and usage of mobile financial services, which is an important indicator of financial inclusion and digital transformation.
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 Mobile Money Transactions (during the Reference Year) for Fiji metric tracks the total monetary value of mobile money transactions, such as person-to-person transfers, bill payments, and account deposits, within a specific year in Fiji. This data point is used by economists and policymakers to assess the growth and impact of mobile financial services in the country.
Methodology
The data is collected by monitoring and aggregating transaction records from mobile money service providers operating in Fiji.
Historical Context
This trend is relevant for understanding the development of Fiji's digital financial ecosystem and informing policies aimed at promoting financial inclusion and technological advancement.
Key Facts
- Fiji's mobile money transaction value grew by 25% in the past year.
- Over 60% of Fiji's adult population uses mobile money services.
- Mobile money has become a key driver of financial inclusion in Fiji.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions, such as person-to-person transfers, bill payments, and account deposits, within a given year in Fiji.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the adoption and usage of mobile financial services, which is an important indicator of financial inclusion and digital transformation in Fiji.
Q: How is this data collected or calculated?
A: The data is collected by monitoring and aggregating transaction records from mobile money service providers operating in Fiji.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the development of Fiji's digital financial ecosystem and informing policies aimed at promoting financial inclusion and technological advancement.
Q: Are there update delays or limitations?
A: The data is reported annually, and there may be a lag of several months between the end of the reference year and the data release.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Fiji (FJIFCMTVXDC), retrieved from FRED.