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🇲🇬 Send money to Madagascar
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What receiving money in Madagascar costs
2.92 % on average, across all sending countries
Total cost: the advertised fee plus the margin taken on the exchange rate. This average covers the whole country — the real cost depends on where you send from, and each corridor below has its own.
Source: Banque mondiale — indicateurs de développement, 2023 data. Check on the source's own site
Which country are you sending from?
Each page compares the rates recorded for that pair of countries.
Mobile wallets used in Madagascar
On this market, money can be delivered straight to MVola, M-Pesa — no bank account needed.
Banking access
20% of adults have a bank account · mobile money: MVola, M-Pesa (widespread)
Local currency: MGA.