MobileMoney Limited (MML), the vehicle through which MTN Group operates its fintech business in Ghana, has announced a planned merger with MobileMoney Fintech Limited (MMF LTD), a newly incorporated entity established to support the company’s restructuring efforts.
The merger, being carried out under Section 243(4)(b) of the Companies Act, 2019 (Act 992), will make MMF LTD the surviving company responsible for running MTN’s fintech operations in Ghana.
A joint statement issued by the two entities said the restructuring is designed to meet localisation requirements under the Payment Systems and Services Act, 2019 (Act 987).
The Act mandates that companies seeking a licence as dedicated electronic money issuers must have at least 30 percent local equity participation.
The statement said the merger forms part of MTN Group’s broader commitment to regulatory compliance and its strategy to deepen local ownership within Ghana’s expanding fintech industry.
Details of the transaction are captured in a Merger Agreement dated October 31, 2025.
The agreement, along with a comprehensive merger proposal, has been made available for inspection at the registered offices of both companies, located in the Standard Chartered Bank Building on the Ring Road Central in Accra.
The documents may be accessed on weekdays between 8:00 a.m. and 4:00 p.m. until December 1, 2025.
Shareholders, creditors and other stakeholders are entitled to obtain a free copy of the Merger Agreement either by visiting the offices of MML or MMF LTD, or by making a request via email at [email protected] or [email protected].
The merger is expected to strengthen MTN’s compliance posture and support the long-term growth of the mobile money ecosystem, which continues to play an increasingly central role in Ghana’s financial services landscape.
