MTN Ghana has formally separated its Mobile Money operations from its core telecommunications business, creating Mobile Money Fintech Ltd. (MMFL) as a standalone growth unit.
The transition, which took effect on March 31, 2026, positions MMFL to focus exclusively on digital financial services for millions of Ghanaians.
The restructuring complies with the Bank of Ghana’s Payment Systems and Services Act, 2019 (Act 987), which requires telecommunications companies offering electronic money services to operate them through separate entities.
The move is expected to enable MMFL to raise capital, expand its services and attract external investors while strengthening regulation, governance and consumer protection within Ghana’s fast-growing fintech sector.
The development reflects the growing importance of mobile money as a key revenue driver, with growth prospects highlighted by a potential Mastercard investment that values the unit at $5.2 billion.
Addressing the media in Kumasi, Nana Addai, Head of Mobile Money Fintech Ltd. for the Northern Business District, said the transition would not disrupt existing Mobile Money services.
He explained that customers would continue to access their accounts without any changes.
“Customers would continue to use their current MoMo wallets, PINs, transaction channels and agent network without any changes. There is no need for customers to re-register or take any action. Their funds, transaction history and security settings remain fully protected,” he stated.
According to him, the establishment of MMFL would enable the company to respond more effectively to evolving customer needs by accelerating innovation and introducing more tailored financial solutions.
He noted that operating as an independent fintech company would allow MMFL to expand its agent network, develop new digital financial products and provide enhanced services to individuals, small and medium-sized enterprises (SMEs) and corporate institutions.
Mr Addai added that the new structure would improve operational efficiency, strengthen customer protection and enhance regulatory oversight by clearly separating financial technology services from MTN Ghana’s telecommunications operations.
The Head of Mobile Money Fintech Ltd. for the Northern Business District also cautioned Ghanaians against fraud and scams targeting Mobile Money users.
According to him, fraudulent activities remain one of the biggest challenges confronting the industry, with scammers adopting new tactics, including fake calls, phishing messages and impersonation of agents, to defraud unsuspecting customers.
“Protecting our customers is a top priority for us. We are investing heavily in system security, monitoring and customer education to sanitise the Mobile Money ecosystem,” Mr Addai stated.
He disclosed that the company has intensified public awareness campaigns across the Northern Business District to educate users on how to identify and avoid fraud.
Mr Addai added that MMFL is also working closely with the Ghana Police Service, the Cyber Security Authority and other relevant stakeholders to track, report and prosecute perpetrators.
He urged customers to remain vigilant, never share their PINs or OTPs with anyone and report suspicious transactions to official MoMo customer care lines or authorised agents immediately.
Ghana remains one of MTN’s largest mobile money markets. The business generated $549.15 million in revenue in 2025, while group fintech transaction volume rose by nearly 40 per cent to $500.3 billion. MTN reported 69.5 million active fintech users across its markets.
Mobile Money Fintech Ltd. is jointly owned by MTN Dutch Holdings and the MTN Ghana Fintech Trust, which represents minority shareholders. The restructuring does not affect MTN Ghana’s telecommunications operations or shareholding structure.
The establishment of MMFL is expected to position both the telecommunications business and the fintech company for sustainable long-term growth, allowing each entity to focus on its core operations while delivering greater value to customers.
The fintech company is therefore expected to play a leading role in expanding access to secure, reliable and innovative financial technology solutions across the country.
The transition reinforces MTN’s commitment to building a modern, secure and inclusive digital financial ecosystem capable of meeting the evolving financial needs of Ghanaians and supporting the country’s digital transformation agenda.
MTN said similar separation processes are ongoing in Nigeria and Uganda as part of a broader strategy to scale its fintech operations.
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