The Republic of Madagascar is an island country in the Indian Ocean, off the southeastern coast of Africa. The nation comprises the island of Madagascar (the fourth-largest island in the world), as well as numerous smaller peripheral islands. Link to external site : Website for Madagascar |  |
| Wallets | |
| Development | Developing |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
7,382.27 Register/Log In |
| HDI classification | Medium |
| Mobile Connections (m) |
6.446 Upgrade to Bronze |
| Currency | MGA |
| Class | |
| CountryISO | MG |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",43750],["Q4 2001",102001],["Q4 2002",139503],["Q4 2003",291687],["Q4 2004",354265],["Q4 2005",511449],["Q4 2006",1070000],["Q4 2007",2095000],["Q4 2008",4112000],["Q4 2009",4972693],["Q4 2010",5693008],["Q4 2011",6550127],["Q4 2012",7339940],["Q4 2013",8061021],["Q4 2014",8722257]],"options":{"title":"Connections"}}
| Channel Analysis |
No data to report Upgrade to Bronze |
| COT Analysis |
No data to report Upgrade to Bronze |
| Persona Analysis |
No data to report Upgrade to Bronze |
| Products |
No data to report Upgrade to Bronze |
| PI Analysis |
No data to report Upgrade to Bronze |
| Central Bank | |
| Key Regulations | |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system based on the old French civil code and customary law in matters of marriage, family, and obligation Upgrade to Bronze |
| Law is based on | |
| Approach | |
| Sectors active in Digital Money |
NonBank Upgrade to Bronze |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Jointly Led Upgrade to Bronze |
| DominantModel |
Jointly Led Upgrade to Bronze |
| E-Money | |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",23.11],["Banked",21],["Internet",1],["Urban",29],["Adult",57],["Literate",68.9]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 19.67 |
| Adult % | 57.00 |
| Migrants % |
0.19 Register/Log In |
| Stock Immigrants ('000) |
37.80 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) |
1,000.00 Upgrade to Bronze |
| Internal Migration Rate % | |
| Intl Movement Rate % | |
| Urban % | 29.00 |
| Female % | 46.10 |
| Literate % | 68.90 |
| Annual Growth % |
-2.60 Upgrade to Bronze |
| Mobile Penetration % | 23.11 |
| Banked % | 21.00 |
| Access to FS % | 21.00 |
| Internet % | 1.00 |
| Branches per 100k adults | 2.36 |
| ATMs per 100k adults | 0.96 |
| POS per 100k adults | 1.85 |
| Prepaid % | 98.70 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 3.59 |
| Monthly ARPU | |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Prime Candidate Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets |
Telma in partnership with BFV-SG Upgrade to Bronze |
| Informal Market | |
| Cost To Remit | |
| Key Players |