Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Swaziland
SWZFCMTVXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82,858,000,000.00
Year-over-Year Change
920544.44%
Date Range
1/1/2011 - 1/1/2023
Summary
This economic trend measures the value 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: Value of Mobile Money Transactions (during the Reference Year) for Swaziland tracks the total value of mobile-based financial transactions, such as money transfers, bill payments, and mobile wallet usage. This metric is used to evaluate the growth and penetration of mobile money services in the Swazi economy.
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 policymakers and financial sector analysts to understand the digitalization of financial services and the shift towards mobile-based transactions in the country.
Key Facts
- Swaziland's mobile money transactions reached $X.XX billion in the reference year.
- Mobile money accounts for Y% of all financial transactions in Swaziland.
- Z% of the adult population in Swaziland uses mobile money services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions, including money transfers, bill payments, and mobile wallet usage, in Swaziland during a given reference year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the adoption and usage of mobile financial services in Swaziland, which is crucial for understanding the digitalization of the country's financial sector and the shift towards mobile-based transactions.
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 relevant for policymakers and financial sector analysts to assess the growth and penetration of mobile money services in the Swazi economy and inform policies related to financial inclusion and the digital transformation of the financial sector.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays and limitations in coverage, as it relies on surveys and reports from private sector entities.
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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 Swaziland (SWZFCMTVXDC), retrieved from FRED.