Madagascar

No Open Banking

This island country sits in the Indian Ocean off the coast of East Africa.

The internet penetration rate stood at 22% in 2022, with mobile phone connections equivalent to 43% of the population.

44% of women and 38% of men are unbanked, according to the 2017 Global Findex data.

Madagascar ranked 123rd out of 134 countries in Wiley’s Digital Skills Global Index 2021.

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