Scancom PLC has finalised the structural separation of its mobile money business, a move that signals a significant shift in Ghana’s telecoms and fintech landscape.

Operating as MTN Ghana, the company said the restructuring supports its broader strategy to scale fintech operations while meeting localisation requirements under the Payment Systems and Services Act, 2019.

The development, disclosed in a statement to the Ghana Stock Exchange on April 2, 2026, aligns with ongoing regulatory efforts to ring-fence mobile money businesses and expand local participation in the fast-growing digital financial ecosystem.

The separation was carried out through a statutory merger of MobileMoney Limited—formerly a wholly owned subsidiary of Scancom PLC—with MobileMoney Fintech Limited, a newly created entity designed to house the mobile money operations.

The merger took effect on March 31, 2026, after all conditions precedent were met and regulatory approvals secured.

Following the restructuring, MobileMoney Fintech Limited now independently manages the mobile money business, while Scancom PLC retains its focus on core telecommunications services such as voice, data and enterprise offerings.

Importantly, the transaction leaves Scancom’s stated capital and shareholding structure unchanged, maintaining continuity for investors on the Ghana Stock Exchange.

The new fintech entity is jointly owned by MTN Dutch Holdings B.V., part of MTN Group Limited, and the MTN Ghana Fintech Trust, which represents non-MTN Group shareholders.

The separation is expected to improve strategic focus, strengthen compliance and unlock growth opportunities for the mobile money business as an independent fintech player. It also highlights the deepening integration of telecoms and financial services in Ghana, with mobile money continuing to drive financial inclusion and digital payments adoption.