MTN Ghana is set to complete streamlining its fintech operations with the formation of a new company, MobileMoney Fintech LTD (MMF LTD), which will take over from Mobile Money LTD, the temporary operator of the company’s mobile money services.
The transition is expected to take effect in December 2025.
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The move, formalised under section 243(4)(b) of the Companies Act, 2019 (Act 992), involves a statutory merger of MML, the current MTN fintech company, and MMF LTD, which will remain as the surviving entity.
MMF LTD will continue to operate MTN Ghana’s fintech business, ensuring continuity and compliance with regulatory requirements.
According to the company’s notice, the merger is part of MTN Ghana’s efforts to satisfy a localisation requirement under the Payment Systems and Services Act, 2019 (Act 987).
The law requires that companies conducting mobile money business maintain at least 30% local equity participation to qualify for a licence as a dedicated electronic money issuer.
The terms of the merger are set out in a Merger Agreement dated 31 October 2025, which includes a merger proposal detailing the structure and obligations of both MML and MMF LTD.
Shareholders, creditors, or other interested parties can inspect the Merger Agreement at the registered offices of either company during normal business hours, from 8:00 am to 4:00 pm, Monday to Friday, until 1 December 2025.
Additionally, any eligible party can request a free copy of the Merger Agreement either in person at the reception of MML or MMF LTD, or via email, ensuring transparency in the reorganisation process.
This strategic consolidation is designed to strengthen MTN Ghana’s fintech operations under a locally compliant framework, positioning the company to continue delivering mobile money and other digital financial services efficiently while meeting Ghana’s regulatory requirements.
