Scancom PLC, operators of MTN Ghana, has completed the structural separation of its mobile money business, creating a new fintech-focused entity as part of efforts to align with Ghana’s regulatory framework and strengthen operational focus.
The restructuring, which took effect on March 31, 2026, saw MobileMoney LTD merged into MobileMoney Fintech LTD, which will now run the MoMo business, while Scancom PLC continues to operate the telecom business.
The initiative is to “scale its fintech operations” and meet localisation requirements under the Payment Systems and Services Act, 2019 (Act 987), reinforcing the growing importance of digital financial services within MTN Ghana’s business model.
Under the new ownership structure, MobileMoney Fintech LTD is now held by MTN Dutch Holdings B.V., a subsidiary of MTN Group Limited, and The MTN Ghana Fintech Trust, which was established for the benefit of non-MTN Group shareholders of Scancom PLC from time to time.
The company said the reorganisation does not affect the shareholding of Scancom PLC, noting that “no shares were issued” as part of the transaction.
The separation comes as MTN Ghana’s mobile money business continues to post strong growth. In its 2025 full-year performance, the company reported that MoMo revenue rose by 35.7 per cent to GH¢6.0 billion, while active users increased by 12.3 per cent to 19.3 million.
The new structure is expected to give the MoMo business a clearer strategic and regulatory identity, while positioning MTN Ghana to deepen its presence in payments, digital finance and broader fintech services.
