Antananarivo, 101,
Madagascar
Central Bank of Madagascar Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by Central Bank of Madagascar and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 800 Central Bank of Madagascar employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Central Bank of Madagascar has purchased the following applications: eCurrency Mint CBDC for Governance, Risk and Compliance in 2024 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Central Bank of Madagascar is running and its propensity to invest more and deepen its relationship with eCurrency Mint or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Central Bank of Madagascar revenues, which have grown to $10.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Central Bank of Madagascar intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
TRM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| eCurrency Mint | Legacy | eCurrency Mint CBDC | Governance, Risk and Compliance | TRM | PayLogic Morocco | 2024 | 2025 |
In 2024, Banky Foiben'i Madagasikara selected eCurrency Mint CBDC in the Governance, Risk and Compliance category to commence advisory work and pilot preparations for the eAriary project. The engagement explicitly frames finance and payment modernization and financial inclusion as primary business functions supported by the implementation across Madagascar.
The eCurrency Mint CBDC implementation is scoped for pilot-stage rollout and advisory support, with explicit focus on retail CBDC distribution and private-sector wallet integration, these module usages are partially inferred from the public announcement of pilot preparations. eCurrency is providing advisory services and platform configuration for issuer controls, distribution workflows and integration touchpoints customary to a central bank digital currency deployment, and the eCurrency Mint CBDC name is used throughout project documentation.
Integration work is assigned to PayLogic SA for systems integration, with PayLogic Morocco listed as the SI VAR, to connect central bank distribution services to private wallet providers and existing payment channels. The architecture under implementation emphasizes distribution APIs, wallet onboarding interfaces and compliance instrumentation to support regulatory controls and monitoring consistent with Governance, Risk and Compliance objectives.
Project governance is organized around a central bank led pilot program, with eCurrency advising on technical and operational design and PayLogic SA executing integration tasks, and the pilot is planned to start in 2025. Operational coverage is concentrated on central bank payments and finance functions within Banky Foiben'i Madagasikara, and rollout governance includes joint oversight between the central bank, eCurrency and the integration partner to manage pilot controls and connectivity.
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