By Edward Dankwah, GNA
Accra, June 20, GNA – MobileMoney Fintech Limited (MMFL) says its recent structural separation from Scancom PLC will accelerate innovation, strengthen security and enhance customer value, positioning the company for sustainable growth and deeper financial inclusion in Ghana’s rapidly evolving digital financial services sector.
The company said the move would provide greater agility and operational focus, enabling it to respond swiftly to customer needs and emerging opportunities in the digital financial services sector.
Speaking after MMFL’s Extraordinary General Meeting (EGM) in Accra, Ms Victoria Bright, the Chairperson of the company, described the completion of the separation as a major milestone in the company’s evolution and its ambition to become a leading fintech company in Africa.
“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,” she said.
Madam Bright said the EGM was an important step in establishing MMFL’s independent governance framework.
She explained that shareholders approved 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.
According to her, shareholders also approved the appointment of Ernst & Young as MMFL’s first auditors and endorsed a shift from semi-annual to quarterly dividend payments.
Mr Shaibu Haruna, the Chief Executive Officer of MMFL, said the separation would sharpen the company’s focus on customer needs while accelerating investment in innovation, security and service excellence.
He said the new structure would enable the company to respond more quickly to changing customer expectations and emerging opportunities in Ghana’s rapidly evolving 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 said.
Mr Haruna said the MMF recorded strong first-quarter 2026 results, generating about GH¢1.7 billion in revenue, representing a 28.4 per cent year-on-year increase.
He said the performance provided a solid foundation for continued investment in customer-focused innovation, digital infrastructure and security.
The 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 company said the move aligned with its long-term vision of advancing financial inclusion, driving digital innovation and creating sustainable value for customers, shareholders and the broader economy.
GNA
Edited by Benjamin Mensah