MTN Ghana has officially separated its Mobile Money (MoMo) business from its telecommunications operations, marking a significant milestone in the country’s rapidly expanding digital financial services sector.
The transition, which took effect on March 31, 2026, establishes Mobile Money Fintech Ltd.
(MMFL) as an independent company dedicated exclusively to providing digital financial services to millions of Ghanaians.
The legal separation is in compliance with the Bank of Ghana’s Payment Systems and Services Act, 2019 (Act 987), which requires telecommunications companies offering electronic money services to operate them through separate entities to strengthen regulation, governance and consumer protection.
Speaking to journalists in Kumasi, the Head of Mobile Money Fintech Ltd. for the Northern Business District, Nana Addai, assured customers that the transition would not disrupt existing Mobile Money services.
He explained that customers would continue to use their current MoMo wallets, PINs, transaction channels and agent network without any changes.
“There is no need for customers to re-register or take any action. Their funds, transaction history and security settings remain fully protected,” he stated.
According to him, the creation of MMFL positions the company to become more responsive to the changing needs of customers by accelerating innovation and introducing more tailored financial solutions.
He noted that operating as an independent fintech company would enable MMFL to expand its agent network, develop new digital financial products and provide enhanced services to individuals, small and medium-sized enterprises (SMEs) and corporate institutions.
Mr. Addai added that the new structure would also improve operational efficiency, strengthen customer protection and enhance regulatory oversight by clearly separating financial technology services from MTN Ghana’s telecommunications business.
Industry observers believe the restructuring will create greater opportunities for innovation in Ghana’s digital payments ecosystem while supporting the country’s financial inclusion agenda.
Mobile Money Fintech Ltd. is jointly owned by MTN Dutch Holdings and the MTN Ghana Fintech Trust, and is expected to play a leading role in expanding access to secure, reliable and innovative financial technology solutions across the country.
The establishment of MMFL is also expected to position both the telecommunications business and the fintech company for sustainable long-term growth, allowing each entity to focus on its core operations while delivering greater value to customers.
The transition reinforces MTN’s commitment to building a modern, secure and inclusive digital financial ecosystem capable of meeting the evolving financial needs of Ghanaians and supporting the country’s digital transformation agenda.
