MobileMoney Limited (MML), the operator of MTN Group’s fintech business in Ghana, has announced a planned merger with MobileMoney Fintech Limited (MMF LTD), a newly incorporated entity, as part of a strategic restructuring of its mobile money operations.
The merger, undertaken in line with Section 243(4)(b) of the Companies Act, 2019 (Act 992), will see MMF LTD emerge as the surviving entity, taking over the full operations of MTN’s fintech business in the country.
In a joint statement, the companies explained that the reorganisation is designed to meet the localisation requirements of the Payment Systems and Services Act, 2019 (Act 987), which mandates that all electronic money issuers maintain at least 30 per cent local equity ownership to be eligible for licensing.
The terms and details of the merger are contained in a Merger Agreement dated October 31, 2025, which includes a full merger proposal. The document is currently available for inspection at the registered offices of both MML and MMF LTD, located at the Standard Chartered Bank Building, Ring Road Central, Accra. Stakeholders can access the document from 8:00 a.m. to 4:00 p.m. on weekdays until December 1, 2025.
Shareholders, creditors, and other eligible parties may obtain a copy of the Merger Agreement at no cost by visiting the offices of the two companies or by requesting it via email at customercare.gh@mtn.com or MobileMoneyFintech.GH@mtn.com.
The proposed merger represents a major step in MTN Group’s efforts to comply with regulatory requirements while deepening local participation in Ghana’s rapidly expanding fintech ecosystem.
Source: GNA
