Madagascar – preferred payment methods

Madagascar

General Information

Population 28.4 m
Population 15 + 17.0 m
Online Population 6.5 m
Area 587,041 km²
Currency MGA
GDP 14.1 bn $US
GDP per Capita 496 $US

Banked population

Madagascar 21%
Middle East & Africa 46%
World 67%

Credit card penetration

Madagascar 1%
Middle East & Africa 8%
World 19%

Internet penetration

Madagascar 23%
Middle East & Africa 47%
World 62%

Smartphone penetration

Madagascar 7%
Middle East & Africa 43%
World 70%

_{The information on our Insights pages has been compiled by us in cooperation with Datamatics and Wright & Brown. The data shown is partially owned by us and partially owned by GlobalData. © 2021 by PPRO Financial Ltd. No data and information can be used for any further publication without the explicit approval of PPRO.}

Madagascar

Local Payment Methods

BitPay

Type Cryptocurrency Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 PayPal

Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Paysera

Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Skrill

Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Airtel Money

Type Wallet Regions Asia Pacific, Middle East & Africa Market relevance High UnionPay SecurePay

Type Local payment card Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Mobiamo

Type Carrier billing Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Orange Money

Type Wallet Regions Eastern Europe & the CIS, Middle East & Africa + 1 Market relevance High Razer Gold

Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High SWIFT