MobileMoney Fintech CEO assures service continuity after MTN Ghana separation

The Chief Executive Officer of MobileMoney Fintech Limited, Shaibu Haruna, has assured customers that the company’s transition into a standalone fintech entity will not disrupt mobile money services.

He explained that the separation from its parent company, MTN Ghana, is a regulatory requirement and will not change how customers access or use mobile money services.

Speaking on the Citi Breakfast Show on Monday, April 20, 2026, Mr Haruna said the restructuring is in compliance with Ghana’s financial laws, particularly the Payment Systems and Services Act.

“We became a standalone entity because it was necessary due to the regulations of the country. The Payment Systems and Services Act requires that we operate as a separate company and be regulated by the Bank of Ghana,” he said.

He noted that the transition process has been ongoing for about five years, involving extensive structural adjustments to meet regulatory standards.

Beyond compliance, Mr Haruna said the new structure will enable the company to expand its services and pursue strategic partnerships to enhance value for customers.

“We also want a system that will allow us to go beyond a wallet service. This will help us scale up quickly and form strategic partnerships to bring more value to Ghanaians,” he explained.

He assured customers that their experience will remain unchanged, stressing that services will continue through the MTN distribution network.

“Our customers will not experience any change in the way we serve them. From their perspective, the only difference will be the level of innovation we will deliver,” he said.

Mr Haruna also revealed plans for a future listing of the company on the local stock exchange, saying the goal is to allow Ghanaians to own shares in the business within the next three to five years.