Airtel, mVola and Orange in interoperability deal

By:
Jason McGee-Abe
Published on:

GSMA announces all three mobile money providers in Madagascar – Airtel Money, mVola and Orange Money – are rolling out interoperable mobile money services

The GSMA’s mobile money programme and the providers joined forces to increase financial inclusion in the country. Madagascar becomes the second African market, following Tanzania, where the mobile money services with all providers has become interoperable, boosting the flows of transactions.

“The launch of interoperable mobile money services across all networks in both Madagascar and Tanzania underscores the mobile industry’s commitment to delivering life-enhancing financial services to consumers. Greater financial inclusion will empower the underserved and drive economic growth across the country,” said John Giusti, chief regulatory officer at GSMA.

More than a billion people in developing markets have no formal bank account but do have access to a mobile phone. The launch of interoperable mobile money services leverages the ubiquity of mobile phones and the extensive coverage of mobile networks offers longer-term benefits to citizens.

Giusti says that it “ultimately serving as a safer and more reliable replacement for cash as a means of payment in day-to-day transactions”.