Mobile-banking-madagascar-madeinmada

According to artec.mg, the Regulatory Authority for Communication Technologies is a public industrial and commercial establishment responsible for regulating the telecommunications and ICT sector in Madagascar, the mobile penetration rate in Madagascar is 46.38% in 2020 and the internet penetration rate is 12.59%.
In Africa for the same year, the mobile penetration rate was 28% and the internet penetration rate was 34%.
These figures are constantly evolving.

Three main operators dominate the mobile telecommunications and Internet market in Madagascar, including Telma, Orange and Airtel. In a non-developed country like Madagascar, development and national coverage facilitates the banking inclusion of people who are in remote areas that are difficult to access.

Mobile banking constitutes a channel for the interaction of the population with the primary banks through the developed partnerships of these operators with the latter. Thus offering several opportunities, by a simple telephone number and a secret code:

  • Deposit and withdrawal of money
  • Transfers between people
  • Receiving money from abroad
  • Transfers of funds abroad
  • Payment of purchases or invoices
  • Salary receipt
  • Access to savings and microfinance services
  • and more
Mobile-banking-madagascar-madeinmada
Mobile-banking-madagascar-madeinmada

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