MobileMoney Limited (MML), the entity through which MTN Group operates its fintech business in Ghana, has announced plans to merge with MobileMoney Fintech Limited (MMF LTD), a newly incorporated company, as part of a strategic reorganisation. 

The merger, which is being undertaken in accordance with Section 243(4)(b) of the Companies Act, 2019 (Act 992), will result in MMF LTD becoming the surviving entity and continuing the operations of MTN’s fintech business in Ghana. 

According to a statement issued by both companies, the reorganisation is aimed at fulfilling the localisation requirement under the Payment Systems and Services Act, 2019 (Act 987), which mandates that any company engaged in mobile money operations must have a minimum of 30 per cent local equity participation to qualify for a licence as a dedicated electronic money issuer. The terms of the merger have been outlined in a Merger Agreement dated October 31, 2025, which includes a detailed merger proposal. 

The agreement is available for inspection at the registered offices of both MML and MMF LTD, located at the Standard Chartered Bank Building, Ring Road Central, Accra, from 8:00 am to 4:00 pm on weekdays until December 1, 2025. Shareholders, creditors, and other stakeholders entitled to access the Merger Agreement may request a copy free of charge, either in person at the offices of MML or MMF LTD or via email at [customercare.gh@mtn.com] or [MobileMoneyFintech.GH@mtn.com] .
The merger marks a significant step in MTN Group’s commitment to regulatory compliance and its broader strategy to deepen local participation in Ghana’s growing fintech sector.