Mobile Money Fintech Limited (MoMo) is positioning itself for a new phase of growth following its transition to an independent fintech company, with leadership emphasising that the move is not just about regulatory compliance—but a strategic step toward expansion and innovation.
Chief Executive Officer Shaibu Haruna says customers should expect uninterrupted services despite the company’s separation from MTN Ghana, as the restructuring has been carefully executed over several years.
Speaking on the Citi Breakfast Show on April 20, 2026, Haruna explained that the transition was driven by Ghana’s regulatory framework, particularly the Payment Systems and Services Act, which requires mobile money operators to function as distinct entities under the supervision of the Bank of Ghana.
“We became a standalone entity because it was necessary under the law,” he said, adding that the process has taken about five years and involved significant operational and structural adjustments.
However, beyond meeting regulatory obligations, Haruna framed the move as a catalyst for broader ambitions. By operating independently, MoMo can evolve from a basic digital wallet service into a more comprehensive financial platform capable of delivering a wider range of services.
Standalone structure to unlock innovation & partnerships
The standalone structure, he noted, will enable faster scaling and open the door to strategic partnerships across sectors—key ingredients for staying competitive in Ghana’s rapidly growing fintech ecosystem.
“Now we can build a system that allows us to go beyond wallet services, innovate faster, and collaborate with partners to deliver more value,” he said.
Despite the internal transformation, Haruna stressed that customers will see no disruption in how they access mobile money services. MoMo will continue to leverage MTN’s extensive distribution and agent network, ensuring continuity in service delivery.
“From the customer’s perspective, nothing changes in how they use our services,” he explained. “The difference will be in the level of innovation we bring.”
Looking ahead, MoMo is also eyeing a public listing as part of its long-term strategy. Haruna revealed plans to list the business on the Ghana Stock Exchange within the next three to five years, allowing local investors to own a stake in one of the country’s leading fintech platforms.
The planned listing underscores growing confidence in Ghana’s digital financial services sector, as well as a broader shift toward transparency, local participation, and capital market development.
MoMo’s transition reflects a wider trend in Africa’s fintech industry, where regulatory clarity and structural reforms are increasingly shaping how digital financial services are delivered—while creating new opportunities for innovation, investment, and financial inclusion.
By: Janice Opoku-Agyemang
