MTN Ghana has initiated a major restructuring of its financial technology operations as MobileMoney Ltd (MML) and MobileMoney Fintech Ltd (MMF Ltd) move toward a statutory merger aimed at meeting Ghana’s regulatory requirements for mobile money operators.
A joint notice issued by the two entities states that MML — the company through which MTN currently runs its mobile money business will merge into MMF Ltd, which will become the surviving entity and assume full responsibility for the group’s fintech operations in Ghana.
The reorganisation is designed to align MTN with the Payment Systems and Services Act, 2019 (Act 987), which requires all dedicated electronic money issuers to have a minimum of 30 percent local equity participation.
Achieving this local ownership threshold is a prerequisite for securing and maintaining an operational licence.
Details of the transaction are contained in a merger agreement signed on 31st October 2025, which includes a full merger proposal.
Copies of the agreement have been made available at the registered office of both companies located at the Standard Chartered Bank Building on the Ring Road Central in Accra where shareholders, creditors and other entitled persons may inspect the documents until 1st December 2025.
Eligible parties may also request free copies of the merger agreement either in person or via the dedicated email addresses provided by the companies.
The merger marks a significant step in MTN’s broader strategy to strengthen the governance and regulatory compliance of its rapidly expanding fintech business in Ghana, and positions the company to unlock further growth opportunities in the evolving digital payments ecosystem.
