MTN Completes Structural Separation of Scancom PLC Mobile Money Business in Ghana

MTN Group Limited  has announced the successful completion of the structural separation of Scancom PLC’s mobile money business in Ghana, marking a key milestone in the Group’s fintech strategy and regulatory compliance efforts.

The transaction, carried out through Scancom PLC (MTN Ghana), aligns with the localisation requirements under Ghana’s Payment Systems and Services Act, 2019 (Act 987). It involved the statutory merger of MobileMoney LTD, previously a wholly owned subsidiary of MTN Ghana, with MobileMoney Fintech LTD (MMFL), a newly incorporated entity established to operate the mobile money business.

The merger became effective on 31 March 2026, following the fulfillment of all conditions precedent and receipt of the necessary regulatory approvals.

MTN confirmed that the transaction did not involve any issuance of new shares by MTN Ghana. Following completion, the mobile money business is now fully operated by MMFL, while MTN Ghana’s shareholding structure and stated capital remain unchanged. The company will continue to focus on its core telecommunications operations.

MMFL, the newly established fintech entity, is owned by MTN Dutch Holdings B.V., a subsidiary of MTN Group, alongside The MTN Ghana Fintech Trust, which represents non-MTN Group shareholders of MTN Ghana.

MTN noted that the completion of the separation represents a significant step in its strategy to scale its fintech platform and accelerate value creation across its digital financial services ecosystem. The Group added that the move also ensures compliance with local regulatory frameworks while strengthening its position in Africa’s growing mobile money sector.