Link, checkout or API
Share a payment link, redirect to a hosted page or create payments through the API from your own site.
Stablecoins · Madagascar
Accept USDT and USDC payments in Madagascar
Collect USDT and USDC payments in Madagascar through a payment link, hosted checkout or API, using the assets and networks enabled for your account.
Create a business account
Stablecoin payments in Madagascar depend on your account, its verification and the assets and networks enabled.
USDT
USDCStablecoin payments
Your prices in local currency.
Your customers pay in USDT or USDC while you price and keep your accounts in MGA. The checkout shows the asset, network, amount and address for each payment, and your merchant workspace tracks its confirmation. Assets, networks and limits depend on your account and its verification.
Exact instructions for every payment
The customer sees the asset, network, amount and address to use. Sending on the wrong network can lose funds.
Confirmation tracking
Fulfil only when the payment shows confirmed in your merchant workspace, never on the strength of a screenshot.
Know the risks
Stablecoins are designed to track the US dollar but can deviate. They carry issuer, market and network risks and are not bank deposits.
How it works
Create your business account
Register your business in Madagascar and complete the required verification. Enabled features appear in your workspace.
Create the payment
Generate a link, a checkout or an API payment for the order amount.
The customer pays in stablecoins
The customer sends the exact asset on the stated network to the address shown for that payment.
Reconcile and fulfil
Track the confirmation in your merchant workspace, then process the order.
Taking USDT and USDC payments in Madagascar: what to check first
Madagascar’s currency is the Malagasy ariary (MGA), issued by Banky Foiben’i Madagasikara (BFM), the central bank. If stablecoin payments are enabled for your account, your customer pays in USDT or USDC, while your prices, invoices and books stay in MGA terms. Decide how you turn an MGA price into a stablecoin amount before you share a payment link, and record both figures for each order. Stablecoins are not ariary and not bank deposits: they carry issuer, market and network risk, so treat them as a separate payment channel with its own controls.
What BFM has said about cryptocurrencies
In a public notice dated 5 October 2021, BFM stated that cryptocurrencies are neither issued nor regulated by BFM or any other monetary authority and are not legal tender in Madagascar, and that providers of crypto investment, trading or exchange services are not regulated under the legislation in force. BFM warned of money-laundering, volatility and no-recourse risks and asked the public to act with caution and reasonable diligence. This is a warning, not a licensing regime or a ban. Check with a local legal adviser how it applies to your business.
Keep records your team can explain
SAMIFIN, Madagascar’s financial intelligence unit, lists a money-laundering and terrorist-financing risk assessment report on virtual assets and their service providers. In August 2026 it ran a workshop for national authorities on tracing and recovering virtual assets, citing their growing use by criminal networks. For a business, stablecoin receipts should be as explainable as any other income: know who is paying, and keep the order, the MGA price, the stablecoin amount and the transaction reference together. Ask your accountant or adviser which reporting and tax rules apply to you.
Fulfil on confirmation, refund on the same network
Release goods or services only after the payment shows as confirmed in your ZyndPay workspace. A customer’s screenshot, a forwarded message or a transaction hash pasted into a chat is not proof of payment. BFM’s notice points out that cryptocurrencies offer no recourse in case of error or fraud, so check the asset, network and amount before you act. If you agree to a refund, send it in the same asset and on the same network as the original payment, to an address the customer confirms, and keep a record of the exchange.
These BFM and SAMIFIN sources describe Madagascar’s currency and what its authorities have said about crypto-assets. They do not establish a ZyndPay licence, partnership, regulatory approval, or availability for your account.
FAQ
Your questions. Answered.
Can a business in Madagascar accept USDT with ZyndPay?
If stablecoin payments are enabled for your account after verification, you can create USDT and USDC links, checkouts or API payments. Availability depends on your account and the checks that apply.
Do my customers in Madagascar need a ZyndPay account?
No. Customers pay from the wallet of their choice, following the asset, network and address shown on the payment page.
How do I price in MGA?
You keep your prices and accounts in MGA. The stablecoin amount to pay is shown to the customer before payment; check the terms and fees in your workspace before you start.
How do refunds work?
Refund in the same asset and on the same network, to an address the customer confirms. Keep the reference of the original payment.
Are cryptocurrencies legal tender in Madagascar?
No. In its public notice of 5 October 2021, Banky Foiben’i Madagasikara stated that cryptocurrencies are neither issued nor regulated by BFM or any other monetary authority and are not legal tender in Madagascar. BFM holds the exclusive privilege of issuing the banknotes and coins that are legal tender there.
Does Madagascar regulate crypto exchange providers?
BFM’s 2021 notice stated that providers of crypto investment, trading or exchange services are not regulated under the legislation in force. Rules can change, so check current BFM and SAMIFIN publications or ask a local adviser before relying on this.