Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Morocco
MARFCMOANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
0.00%
Date Range
1/1/2012 - 1/1/2013
Summary
The 'Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Morocco' series measures the total number of active mobile banking agent outlets in Morocco. This metric is important for understanding the expansion of financial inclusion and digital banking access across 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 trend represents the total count of active mobile banking agent locations in Morocco, which serve as access points for consumers to conduct financial transactions. It provides insight into the physical network and geographical footprint of branchless banking services in the country.
Methodology
The data is collected and reported by the Moroccan central bank.
Historical Context
This metric is closely watched by policymakers, regulators, and financial institutions to assess progress in expanding digital financial services and improving financial inclusion.
Key Facts
- Morocco had over 31,000 active mobile banking agent outlets as of the latest data.
- The number of agent outlets has grown rapidly in recent years as part of efforts to increase financial inclusion.
- Mobile banking agents provide essential services like cash deposits, withdrawals, and bill payments in underserved areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of active mobile banking agent outlets in Morocco, which serve as access points for digital financial services across the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the expansion of financial inclusion and access to digital banking services in Morocco, which is a key policy objective.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Moroccan central bank.
Q: How is this trend used in economic policy?
A: Policymakers, regulators, and financial institutions closely monitor this metric to assess progress in expanding digital financial services and improving financial inclusion nationwide.
Q: Are there update delays or limitations?
A: There may be lags in reporting and publication of the latest data by the central bank.
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Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Morocco (MARFCMOANUM), retrieved from FRED.