MTN Group, Africa’s largest telecommunication company, has completed the separation of its mobile money business in Ghana, in a move to turn fintech into a standalone growth engine.
In a regulatory filing on Thursday, the telco said Scancom PLC, its Ghanaian subsidiary, has finalised the merger of its mobile money subsidiary, MobileMoney Ltd, with a newly created entity, MobileMoney Fintech Ltd (MMFL). The transaction became effective on March 31, 2026, after securing regulatory approvals.
The newly merged entity, MMFL, will now house MTN Ghana’s mobile money operations. It is jointly owned by MTN Dutch Holdings B.V. and the MTN Ghana Fintech Trust, which represents its non-group shareholders in Ghana, the company said.
The restructuring does not change MTN Ghana’s shareholding or capital structure, nor does it affect its core telecoms operations.
The move reflects MTN’s push to turn fintech into a standalone growth engine, positioning the unit to raise capital, expand services including payments, lending, and broader digital financial services, and be valued separately from its telecoms business.
Read more: https://techcabal.com/2026/04/03/mtn-completes-ghana-momo-standalone-fintech-arm/
