MobileMoney Ltd (MML), the fintech subsidiary of Scancom PLC, has recorded strong growth in its mobile money operations, with the value of funds held in customer wallets rising sharply in 2025.
The company’s mobile money float increased by 60.9 per cent to GH¢38.4 billion in 2025, up from GH¢23.9 billion recorded in 2024.
The growth reflects increasing consumer trust in mobile wallets as both a store of value and a key platform for financial transactions in Ghana’s expanding digital payments ecosystem.
Alongside the surge in wallet balances, the mobile money business also recorded strong revenue growth. Revenue from mobile money services rose by 35.7 per cent to GH¢6 billion in 2025, compared with GH¢4.4 billion in 2024.
The increase was largely driven by growing adoption of digital payments and expanding use of fintech services across the country.
The number of active mobile money users also rose significantly during the year. Active users increased by 12.3 percent to 19.3 million in 2025, up from 17.2 million recorded in 2024.
Transaction activity within the ecosystem also expanded rapidly. Total transaction volumes increased by 18.4 percent, rising from 7.1 billion transactions in 2024 to 8.4 billion transactions in 2025.
The value of transactions recorded an even stronger increase, climbing by 53.8 percent from GH¢2.7 trillion in 2024 to GH¢4.1 trillion in 2025.
Industry analysts say the rapid growth highlights the increasing dominance of mobile money in Ghana’s financial system, as more consumers and businesses rely on digital wallets for everyday payments, transfers and other financial services.
They note that mobile money platforms have become a central pillar of the country’s digital economy, driven by widespread mobile phone access, extensive agent networks and convenient digital payment solutions.
