Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Zimbabwe
ZWEFCMTNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,392,413,658.00
Year-over-Year Change
408920.60%
Date Range
1/1/2009 - 1/1/2023
Summary
The 'Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Zimbabwe' metric tracks the volume of mobile money transactions in Zimbabwe, providing insights into the adoption and usage 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
This series measures the total number of mobile money transactions that occurred in Zimbabwe during a given reference year. It serves as an important indicator of the growth and penetration of mobile banking and digital finance within the Zimbabwean economy.
Methodology
The data is collected by the World Bank through surveys and administrative records from financial service providers in Zimbabwe.
Historical Context
Policymakers and economists use this metric to assess the development and financial inclusion of Zimbabwean households and businesses.
Key Facts
- Zimbabwe had over 3 million mobile money accounts as of 2020.
- Mobile money transactions accounted for over 80% of all electronic payments in Zimbabwe in 2021.
- The number of mobile money transactions in Zimbabwe grew by 45% between 2019 and 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of mobile money transactions that occurred in Zimbabwe 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 growth and development of financial inclusion and digital finance in Zimbabwe, which is an important factor for policymakers, economists, and financial services providers.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and administrative records from financial service providers in Zimbabwe.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the development and financial inclusion of Zimbabwean households and businesses, which can inform policies and regulations related to digital finance and financial services.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and collection, and may not capture all mobile money transactions in Zimbabwe.
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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 Zimbabwe (ZWEFCMTNUM), retrieved from FRED.