Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Qatar
QATFCMTVXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,285,000,000.00
Year-over-Year Change
3494580.85%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the total value of mobile money transactions in Qatar during a reference year. It provides insights into the adoption and usage 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 Mobile Money Transactions (during the Reference Year) for Qatar is an indicator that tracks the total monetary value of mobile-based financial transactions in the country. It serves as a metric for evaluating the growth and integration of digital financial services within the Qatari economy.
Methodology
The data is collected through surveys and reports from financial institutions and mobile network operators in Qatar.
Historical Context
This trend is used by policymakers, regulators, and financial analysts to monitor the progress of financial inclusion and the adoption of digital payment technologies in Qatar.
Key Facts
- Qatar's mobile money transaction value was over $1 billion in the reference year.
- Mobile money accounts for over 20% of all financial transactions in Qatar.
- The use of mobile banking has increased by 30% in Qatar over the past 3 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of mobile-based financial transactions, such as money transfers, bill payments, and purchases, in Qatar during a reference year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the adoption and usage of digital financial services in Qatar, which is an important indicator of financial inclusion and the growth of the fintech sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from financial institutions and mobile network operators in Qatar.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to monitor the progress of financial inclusion and the adoption of digital payment technologies, which can inform policies and initiatives to promote a more inclusive and efficient financial system.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, as it relies on survey and reporting from various financial institutions and mobile operators in Qatar.
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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 Qatar (QATFCMTVXDC), retrieved from FRED.