MTN Ghana completes separation from MoMo business; announces Mobile Money Fintech

Scancom PLC (MTN Ghana) has announced the completion of the structural separation of its mobile money business.

This is in line with its strategic objective to scale its fintech operations and to comply with the localisation requirements of the Payment Systems and Services Act, 2019 (Act 987).

The merger became effective, March 31st, 2026, following the satisfaction or waiver of all conditions precedent and receipt of the required regulatory approvals.

The transaction involved the statutory merger of MobileMoney Ltd, the former operator of the Company’s mobile money business, with MobileMoney Fintech LTD (MMFL), a newly incorporated entity established to operate the mobile money business in accordance with the Companies Act, 2019 (Act 992).

Source: MyJoyOnline