Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Samoa
WSMFCMOANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.00
Year-over-Year Change
58.33%
Date Range
1/1/2013 - 1/1/2023
Summary
This economic trend measures the active number of agent outlets for mobile banking services in Samoa. It provides insight into the geographic reach and accessibility of 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 Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Samoa metric tracks the total number of physical locations, such as retail stores or post offices, that are authorized to facilitate mobile banking transactions on behalf of financial service providers. This data point is useful for analyzing the expansion of financial inclusion and digital banking infrastructure.
Methodology
The data is collected and reported by the World Bank as part of its Global Findex database.
Historical Context
Policymakers and financial regulators use this trend to evaluate progress towards increasing financial access and promoting digital financial services.
Key Facts
- Samoa had 1,700 active mobile banking agent outlets as of 2021.
- The number of mobile banking agents in Samoa has grown by over 50% since 2017.
- Increasing agent outlets is a key strategy for expanding financial access in remote and underserved areas of Samoa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of physical locations, such as retail stores or post offices, that are authorized to facilitate mobile banking transactions on behalf of financial service providers in Samoa.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the geographic reach and accessibility of financial services in Samoa, which is an important metric for evaluating progress towards financial inclusion and the expansion of digital banking infrastructure.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Global Findex database.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this trend to evaluate progress towards increasing financial access and promoting digital financial services in Samoa.
Q: Are there update delays or limitations?
A: The data is published on an annual basis, so there may be a delay of up to one year in the most recent figures being available.
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Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Samoa (WSMFCMOANUM), retrieved from FRED.