MobileMoney Limited (MML) has been crowned leading’ Fintech Solutions Provider of The Year at the 2026 Ghana Fintech Awards.
The recognition not only celebrates the company’s remarkable performance but also signals the growing maturity and global relevance of Ghana’s fintech sector.
Widely regarded as one of the most competitive honours in the country’s digital finance space, the award underscores MML’s role as a key driver of financial inclusion, innovation, and digital transformation.
Industry watchers noted that the accolade reflects a broader shift in Ghana’s financial landscape, where mobile money platforms are increasingly overtaking traditional banking systems in reach, efficiency, and transaction volumes.
For MML, the recognition affirms a decade-long transformation from a basic money transfer service into a sophisticated digital ecosystem powering everyday economic activity.
It also marks Ghana’s emergence as a continental leader in mobile financial services, with local innovations shaping Africa’s fintech narrative.
CEO highlights partnerships and innovation
Commenting on the award, Shaibu Haruna, CEO of MML, said: “We thrive on partnerships to develop solutions that make life brighter for our customers.
“From savings and investments to trading in stocks, bill payments, and bank transactions, our ecosystem offers services that cater to diverse customer needs.
“We are excited to be at the forefront of financial inclusion and innovation in Ghana, and we thank our partners, customers, and stakeholders for their support and trust. This year, our focus is to enable customers to Do More with MoMo.”
The company’s strong performance at the Ghana Fintech Awards follows an equally dominant showing at the MTN Group Global Leadership Gathering 2026, where Shaibu was named Fintech CEO of the Year, cementing MML’s leadership credentials across Africa’s digital finance industry.
User growth and transaction surge
At the heart of MML’s success is rapid user growth and engagement. Active mobile money users rose 12.3% to 19.3 million in 2025, up from 17.2 million in 2024.
Transaction activity grew even more dramatically, with total volumes increasing 18.4% from 7.1 billion to 8.4 billion, and transaction values surging 53.8% from GH¢2.7 trillion to GH¢4.1 trillion.
Data from the Bank of Ghana (BoG) indicates that mobile money has become the backbone of retail financial transactions, dominating payments for goods and services, utility bills, remittances, and microloans.
Unlike traditional banks, which rely on branch networks and formal account processes, mobile money platforms leverage mobile phones, agent networks, and USSD technology to deliver services instantly and at lower cost.
This accessibility has made mobile money indispensable for small businesses and informal sector operators, enabling seamless transactions, access to credit, and participation in the digital economy.
Revenue shifts reflect evolving user behaviour
A closer look at MML’s revenue shows changing user behaviour. Revenue from basic services such as withdrawals and transfers grew 27.2%, aided by increased activity following the abolition of the electronic transfer levy.
However, advanced services—including digital payments, merchant solutions, and mobile lending—saw revenue surge 55.9% to GH¢2 billion, reflecting adoption of integrated fintech solutions.
The composition of revenue has shifted: withdrawals, once dominant, declined from 51.2% in 2024 to 45.6% in 2025, while peer-to-peer transfers rose from 28.9% to 33.7%, and advanced services increased from 19.4% to 20.7%.
Industry experts say this demonstrates market maturity, with users increasingly relying on mobile money as a full-service financial platform for payments, savings, borrowing, and business transactions.
Despite a marginal dip in mobile money’s share of overall service revenue from 24.9% to 24.8%, the segment continues to play a central role in driving growth and revenue.
Strong financial performance
MML’s achievements extend beyond scale to financial performance.
The company recorded a Return on Assets of 12.5%, while earnings per share rose 55.8% to GH¢0.592, highlighting the profitability of the mobile money business model, which operates on relatively lean infrastructure compared to traditional banks.
Commitment to consumer protection
In a market where digital fraud and cybersecurity remain concerns, MML has distinguished itself through initiatives like MoMoTrust and the widely publicised “Shine Your Eye” campaign, educating users on digital safety and fraud prevention.
These campaigns have strengthened consumer confidence, reduced vulnerability to scams, and reinforced trust in mobile financial platforms.
Regulatory compliance and structural changes
MML is also undergoing structural changes to align with regulatory requirements.
Following shareholder approval in December 2025, a merger between MobileMoney Limited and MobileMoney Fintech Limited is underway under Scancom PLC, as part of MTN’s fintech separation in compliance with the Payment Systems and Services Act, 2019 (Act 987).
The merger is expected to enhance regulatory oversight, transparency, and localisation within Ghana’s digital payments sector.
A pillar of Ghana’s economy
For many observers, MML’s recognition as Fintech Solutions Provider of the Year 2026 is not just a corporate achievement but a reflection of Ghana’s fintech transformation.
With 19.3 million active users, 8.4 billion transactions, and GH¢4.1 trillion in annual transaction value, mobile money has become a central pillar of the economy, enabling financial inclusion and driving growth across urban and rural communities alike.
