MTN Ghana completed its mobile money business separation on March 31, 2026. The company created a standalone fintech entity called MobileMoney Fintech Limited.
Scancom PLC, operating as MTN Ghana, finalized the regulatory process. The new entity received all necessary approvals under Ghana’s Payment Systems Act.
Regulatory Compliance Drives Separation
The restructuring aligns with Ghana’s Payment Systems and Services Act of 2019. This law requires telecom operators to separate financial services businesses.
MobileMoney Fintech Limited operates independently from MTN Ghana’s telecommunications business. The separation positions fintech as a dedicated growth driver.
The new entity merged MobileMoney Ltd. with the newly created company. No new shares were issued during this transaction.
Ownership Structure and Trust Arrangement
MobileMoney Fintech Limited has two primary owners operating together. MTN Dutch Holdings B.V. holds majority ownership. The MTN Ghana Fintech Trust represents minority shareholders.
The trust benefits all non-MTN Group shareholders of Scancom PLC. Every investor holding MTNGH shares on the Ghana Stock Exchange benefits.
Victoria Bright chairs MobileMoney Fintech Limited. She confirmed plans for a Ghana Stock Exchange listing. The listing targets late 2028 to late 2030.
Strong Financial Performance Fuels Growth
MTN Ghana’s mobile money business generated impressive revenue in 2025. The operation earned GHS 6 billion, equivalent to $546 million. Revenue increased 35.7 percent compared to the previous year.
Active users reached 19.3 million, growing 12.3 percent year-on-year. Advanced services, including payments and lending, surged dramatically. These services generated GHS 2 billion, rising 55.9 percent annually.
Mobile money now accounts for approximately 25 percent of total service revenue.
First Market to Complete Separation
Ghana becomes MTN Group’s first market to finalize mobile money separation. This positions Ghana as a test case for other markets. Similar restructuring processes continue in Nigeria and Uganda currently.
MTN Nigeria’s board approved a spinoff plan for its operations. However, the transaction awaits shareholder approval and regulatory clearance.
The Ghana model provides valuable lessons for other African markets.
Strategic Partnership with Mastercard
The spinoff advances MTN Group’s 2023 partnership with Mastercard. Mastercard may acquire a stake valued at $200 million. This values the fintech unit at $5.2 billion.
Expansion Beyond Basic Transfers
MobileMoney Fintech Limited offers services beyond simple money transfers. The platform includes digital payments, savings, and lending services. Merchant solutions support businesses accepting payments.
Shaibu Haruna serves as CEO of MobileMoney Fintech Limited.
Market Context and Growth Potential
Sub-Saharan Africa recorded $1.4 trillion in mobile money transactions in 2025. MTN Group processed $500.3 billion across all markets. The group serves 69.5 million active users.
These figures demonstrate mobile money’s central role in African finance. Ghana represents one of MTN’s most mature markets.
The separation enables MobileMoney Fintech Limited to attract dedicated investment effectively. The entity can pursue independent strategies. Investors can value fintech separately.