GSMA Initiated Fullly Interoperable Mobile Money Service Goes Live in Madagascar

GSMA Initiated Fullly Interoperable Mobile Money Service Goes Live in Madagascar Image Credit: GSMA

The GSMA that all three mobile money providers in Madagascar – Airtel Money, mVola and Orange Money – are rolling out interoperable mobile money services across the entire country.

This launch makes Madagascar the second market in Africa, following Tanzania, where all mobile money providers are making their services interoperable, allowing transactions to flow seamlessly across all mobile money providers.

The GSMA Mobile Money programme is closely working with mobile operators and industry stakeholders to drive a robust mobile money ecosystem by providing tools and insights to help deployments scale, as well as supporting the creation of enabling regulatory environments to expand digital financial inclusion. 

The programme is also supporting the efforts of mobile money operators to implement interoperability of mobile money services, and to expand the digital ecosystem by facilitating the integration of third parties to mobile money schemes.

John Giusti, Chief Regulatory Officer, GSMA
In Madagascar and Tanzania, there are more mobile money accounts than bank accounts. Traditional “bricks-and-mortar” banking infrastructure tends to be far from poorer communities, therefore interoperable money services will deliver significant long-term benefits to citizens, extending the range of digital financial services provided and ultimately serving as a safer and more reliable replacement for cash as a means of payment in day-to-day transactions.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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