Central Bank of Madagascar
As a part of the strategy for the modernization of the Payment System of Madagascar, the Central Bank of Madagascar put into operation the new RTGS system. The solution has been successfully implemented, tested and set into live operation within the set budget.
The system provides services for nine commercial banks and 11 Central Bank branches throughout the island of Madagascar. It is the fourth largest island in the world, with a population of over 20 million. The RTGS system is fully integrated with the Central Bank's Information System and Bulk Clearing System. Full-scale interaction of all the systems in online and real-time mode, as well as connection to the RTS/X of external systems, is provided by means of implementation of PIE technology.