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Scancom PLC has completed the structural separation of its mobile money operations, marking a key milestone in the development of Ghana’s telecommunications and fintech sectors.
The company, which operates as MTN Ghana, stated in a public notice on the Ghana Stock Exchange on April 2, 2026, that the move aligns with its strategy to expand fintech services while complying with localisation requirements under the Payment Systems and Services Act, 2019.
The restructuring reflects ongoing regulatory efforts to ring-fence mobile money operations and increase local participation in the rapidly growing digital financial services sector.
The separation was carried out through a statutory merger between MobileMoney Limited and MobileMoney Fintech Limited, a newly created company designed to house the mobile money business. The merger became effective on March 31, 2026, after meeting all regulatory requirements.
Under the new arrangement, MobileMoney Fintech Limited will take full responsibility for mobile money services, while Scancom PLC continues to focus on its core telecommunications offerings, including voice, data, and enterprise solutions.
The restructuring does not affect the company’s stated capital or shareholding structure, ensuring stability for investors. Ownership of the fintech entity is shared between MTN Dutch Holdings B.V. and the MTN Ghana Fintech Trust, which represents the interests of non-MTN Group investors.
The move is expected to enhance operational efficiency, strengthen regulatory compliance, and position the mobile money business for accelerated growth as a standalone fintech company, further highlighting the growing convergence of telecoms and financial services in Ghana.
Source: citinews
