Accra, Ghana, June 19, 2026 – MobileMoney Fintech LTD (MMFL) has assured that it is now poised to strengthen faster innovation and stronger customer value after its recent structural separation from Scancom PLC, operators of MTN Ghana.
The separation, according to the board and management of the company, would enable MMFL to deliver faster innovation, stronger security, and greater value to customers as it strengthens its position as a leading fintech business in the country.
The Chairperson of the MMFL Board, Ms Victoria Bright, gave the assurance at the company’s second Extraordinary General Meeting (EGM) held in Accra recently.
She described the completion of the separation as a major milestone in MMFL’s evolution and its ambition to become a leading fintech company in Africa.
In her own words: “The separation gives MMFL greater agility and operational focus. It creates the opportunity to strengthen governance, improve efficiency and accelerate initiatives that deliver meaningful value to customers while supporting long-term sustainable growth”.
Madam Bright said the EGM was a key step in establishing MMFL’s independent governance framework, enabling shareholders to approve resolutions required for the company’s continued operations, including the transition of directors into the new entity, the appointment of auditors and dividend-related resolutions.
She said shareholders also approved the appointment of Ernst & Young as MMFL’s first auditors and endorsed a shift from semi-annual to quarterly dividend payments.
The Chief Executive Officer of MMFL, Shaibu Haruna added that the separation would sharpen MMFL’s focus on customer needs while accelerating investment in innovation, security and service excellence.
He said MMFL’s new structure would enable the company to respond more quickly to changing customer expectations and emerging opportunities in Ghana’s digital financial services sector.
“As an independent fintech company, we are better positioned to accelerate innovation, strengthen security, improve customer experience and develop solutions that meet the evolving needs of Ghanaians”.
He added that MMFL posted strong first-quarter 2026 results, generating about GH¢1.7 billion in revenue, a 28.4 per cent year-on-year increase. He said the performance provides a strong base for continued investment in customer-focused innovation, digital infrastructure and security.
MMFL’s structural separation took effect on March 31, 2026, establishing the company as an independent fintech entity with its own governance structures and shareholder engagement framework.
The move supports the company’s long-term vision to advance financial inclusion, drive digital innovation and create sustainable value for customers, shareholders and the broader economy.
