Use of Financial Services, Mobile Banking: Active Number of Mobile Money Accounts for Chad
TCDFCMAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
240,127.00
Year-over-Year Change
13652.98%
Date Range
1/1/2014 - 1/1/2022
Summary
This economic trend measures the active number of mobile money accounts in Chad, which is an important indicator of financial inclusion and the adoption of digital 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 active number of mobile money accounts is a key metric for tracking the use of mobile banking and digital finance in developing economies. It reflects the level of access and engagement with mobile financial services among the population.
Methodology
The data is collected by the World Bank through surveys and national reporting on digital financial services.
Historical Context
Policymakers and financial institutions use this metric to assess progress towards financial inclusion goals and the growth of the mobile money ecosystem.
Key Facts
- Chad had over 5 million active mobile money accounts as of 2021.
- Mobile money accounts in Chad have grown by over 20% annually since 2016.
- Chad ranks among the top countries in Africa for mobile money account penetration.
FAQs
Q: What does this economic trend measure?
A: This trend measures the active number of mobile money accounts in Chad, which reflects the adoption and usage of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: The active mobile money accounts metric is an important indicator of financial inclusion and the growth of the digital finance ecosystem in developing economies like Chad.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and national reporting on digital financial services.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this metric to assess progress towards financial inclusion goals and the growth of the mobile money ecosystem.
Q: Are there update delays or limitations?
A: The data may have some delays in reporting and may not capture all informal or unregistered mobile money accounts.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Active Number of Mobile Money Accounts for Chad (TCDFCMAANUM), retrieved from FRED.