MTN Group announced the completion of the statutory merger of MobileMoney Ltd, previously a wholly owned subsidiary of MTN Ghana (Scancom PLC), into a newly constituted entity named MobileMoney Fintech Ltd, with the transaction taking legal effect on 31 March 2026 following the receipt of all requisite regulatory approvals. The restructuring separates the mobile money business into a standalone fintech company and satisfies a structural requirement imposed by Ghanaian legislation on companies operating as electronic money issuers in the country.
Ghana's Payment Systems and Services Act mandates that electronic money issuers operating in the country maintain a minimum of 30% Ghanaian ownership in their corporate structure. MobileMoney Fintech Ltd is owned by MTN Dutch Holdings B.V., an MTN Group subsidiary, and The MTN Ghana Fintech Trust, which represents MTN Ghana's non-MTN Group shareholders. MTN said the transaction aligns with its strategy to scale its fintech operations while complying with the localisation requirements of the Payment Systems and Services Act, 2019.
REGULATORY ARCHITECTURE BEHIND THE RESTRUCTURING
The statutory merger route chosen for the transaction — merging the existing MobileMoney Ltd into the newly created MobileMoney Fintech Ltd structure — took effect after all conditions precedent were fulfilled and the necessary regulatory approvals were received. The completion of that process on 31 March marks the formal legal establishment of the standalone fintech entity and follows MTN Ghana shareholders' approval of the merger in December 2025. MTN Ghana's shareholding structure and stated capital are unchanged, and Scancom PLC remains listed on the Ghana Stock Exchange.
MTN Ghana reported 19.3 million active mobile money users in 2025, up 12.3% from a year earlier. The separation was designed to ring-fence mobile money operations and increase local participation in Ghana's digital financial services sector.
MOMO REVENUE GROWTH
MTN MoMo Ghana generated revenue of GH¢6 billion in 2025, a 35.7% increase from GH¢4.4 billion recorded in 2024, according to MTN Ghana's 2025 results.
MTN said the completion of the separation represents a significant step in its strategy to scale its fintech platform and accelerate value creation across its digital financial services ecosystem.
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