MTN Group, Africa’s largest telecommunication firm, has accomplished the separation of its cell cash enterprise in Ghana, in a transfer to show fintech right into a standalone development engine.
In a regulatory submitting on Thursday, the telco mentioned Scancom PLC, its Ghanaian subsidiary, has finalised the merger of its cell cash subsidiary, MobileMoney Ltd, with a newly created entity, MobileMoney Fintech Ltd (MMFL). The transaction turned efficient on March 31, 2026, after securing regulatory approvals.
The newly merged entity, MMFL, will now home MTN Ghana’s cell cash operations. It’s collectively owned by MTN Dutch Holdings B.V. and the MTN Ghana Fintech Belief, which represents its non-group shareholders in Ghana, the corporate mentioned.
The restructuring doesn’t change MTN Ghana’s shareholding or capital construction, nor does it have an effect on its core telecoms operations.
The transfer displays MTN’s push to show fintech right into a standalone development engine, positioning the unit to lift capital, increase providers together with funds, lending, and broader digital monetary providers, and be valued individually from its telecoms enterprise.
It additionally aligns with localisation necessities below the Fee Techniques and Companies Act, 2019 (Act 987) in Ghana.
MTN has been repositioning fintech, significantly cell cash, as one among its core pillars. Sub-Saharan African cell cash transactions hit $1.4 trillion in 2025.
Ghana is one among MTN’s most mature cell cash markets. MTN MoMo earned $549.15 million in income from Ghana in 2025. MTN’s Group fintech transaction quantity rose by almost 40% to $500.3 billion in 2025. Throughout its subsidiaries, the group disclosed that it has 69.5 million lively prospects.
Spinning of first in Ghana makes a logical take a look at case for the group’s separation technique, with work nonetheless ongoing in Nigeria and Uganda.
In March 2025, chief government officer Ralph Mupita highlighted that the fintech spinoff was additionally a part of the method to finish a deal it struck in 2023 with Mastercard. The scale of Mastercard’s stake might be as a lot as $200 million, valuing the fintech unit at $5.2 billion.
In its 2025 year-end outcomes, the group disclosed that MTN Uganda shareholders voted to approve the structural separation of MTN Cell Cash Restricted from MTN Uganda in July 2025.
In Nigeria, the group famous that MTN Nigeria’s board of administrators has authorized the spinoff. Nevertheless, it’s nonetheless topic to shareholders’ approval and the receipt of all required regulatory approvals.
“In our fintech platform, we stay targeted on scaling ecosystem development amidst aggressive and pricing disruptions. Our precedence is to deepen penetration and engagement, with an eye fixed on industrial monetisation,” Mupita mentioned within the group 2025 outcomes.
Elevate your perspective with NextTech Information, the place innovation meets perception.
Uncover the most recent breakthroughs, get unique updates, and join with a world community of future-focused thinkers.
Unlock tomorrow’s tendencies as we speak: learn extra, subscribe to our publication, and develop into a part of the NextTech group at NextTech-news.com
