Madagascar's Central Bank Enhances Mobile Payment Infrastructure to Boost Financial Inclusion
The Central Bank of Madagascar is actively working to modernize the country's payment infrastructure by promoting interoperability between banks and mobile money operators. This initiative aims to improve transaction efficiency and support the expansion of mobile financial services. The government, alongside development partners like the World Bank and the United Nations Capital Development Fund, is prioritizing the expansion of mobile and internet connectivity, digitization of public services, and support for digital entrepreneurship. These efforts are part of a broader strategy to transition Madagascar from a cash-based economy to a digital-first ecosystem, thereby increasing financial inclusion, particularly in rural areas where traditional banking services are limited. 
