Victoria Bright, Chairperson of MobileMoney Fintech Ltd (MMF), has assured shareholders that the ongoing restructuring of the Mobile Money (MoMo) business is aimed at protecting the value of their investments while setting the stage for future growth and an eventual listing on the Ghana Stock Exchange (GSE).
The restructuring also addresses the requirement under Ghana’s Payment Systems and Services Act, 2019 (Act 987), which mandates a minimum of 30 percent Ghanaian ownership for all dedicated electronic money issuers.
Speaking to shareholders and beneficiaries at the Extraordinary General Meeting (EGM), held both virtually and in person on Monday, December 1, 2025, at the University of Professional Studies Auditorium, Accra, Madam Bright explained that although MMF is a newly incorporated company, the business it will operate is built on over a decade of innovation and impact through Mobile Money Limited (MML).
She stated that MMF has two shareholders: MTN Dutch Holdings B.V. (representing the MTN Group) and the MTN Ghana Fintech Trust (the Trust), which holds the interests of all minority shareholders of Scancom PLC.
The Trust preserves their rights, safeguards value, and ensures transparent representation until the MoMo business is listed on the GSE. MMF will provide the MoMo business with the appropriate structure, focus, and enhanced governance to better serve shareholders and beneficiaries while creating long-term value for all stakeholders.
Regarding shares and dividends, Madam Bright explained that the shareholding of Scancom PLC will be mirrored in MMF. After listing, beneficiaries will hold their shares directly and separately in both Scancom PLC and MMF and will continue to receive dividends from both companies. Until then, the voting rights of beneficiaries in the MoMo business will be exercised through the Trust, which will vote according to beneficiaries’ instructions.
Dr. Ishmael Yamson, Board Chairman of Scancom PLC, addressed the attendees, stating: “The MoMo business remains one of the strongest engines of growth, innovation, and financial inclusion in our company and in Ghana. Localising it properly, thoughtfully, and transparently is an investment in its future and in your future as shareholders.” He added that this structure provides a clear path and timeframe for the future listing of the MoMo business, expected within the next three to five years.
Following the overwhelming approval of the merger of MMF and MML by beneficiaries and shareholders, Madam Bright informed attendees that Scancom PLC will commence the necessary processes to finalize the merger. Completion is subject to final regulatory approvals, including from the Bank of Ghana.
