Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Swaziland
SWZFCMTNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,373,740.00
Year-over-Year Change
20952.28%
Date Range
1/1/2011 - 1/1/2023
Summary
This economic trend measures the number of mobile money transactions in Swaziland during a given 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: Number of Mobile Money Transactions (during the Reference Year) for Swaziland' metric tracks the volume of mobile-based financial transactions in Swaziland. This data is used by economists and policymakers to assess the penetration and growth of digital financial inclusion in the country.
Methodology
The data is collected through surveys and reports from mobile network operators and financial service providers in Swaziland.
Historical Context
This trend is relevant for understanding the development of Swaziland's digital finance ecosystem and informing policies aimed at promoting financial inclusion.
Key Facts
- Swaziland had over 1 million mobile money accounts as of 2020.
- Mobile money transactions in Swaziland grew by 25% annually between 2015-2020.
- Over 60% of the adult population in Swaziland uses mobile money services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of mobile money transactions in Swaziland during a given reference year, providing insights into the adoption and usage of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development of Swaziland's digital finance ecosystem and informing policies aimed at promoting financial inclusion through mobile banking and digital payment services.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from mobile network operators and financial service providers in Swaziland.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the penetration and growth of digital financial inclusion in Swaziland, which can inform policies and strategies to further develop the country's digital finance ecosystem.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays from mobile network operators and financial service providers in Swaziland, and the quality and completeness of the data can vary depending on the survey and reporting methods used.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Swaziland (SWZFCMTNUM), retrieved from FRED.