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MTN Completes Separation of Ghana Mobile Money Business into Fintech Unit
Chinaturum IheomaApr 3, 20266 min read
Technology Coverage
Telecommunications infrastructure, spectrum policy, broadband expansion, and the networks connecting Africa.

MTN Ghana has completed the separation of its mobile money operations into a standalone fintech firm, as the telecom giant seeks to accelerate growth in Africa’s $1.4 trillion mobile payments market.

After launching Ayoba in 2019 as a homegrown rival to WhatsApp, MTN is now replacing the app with a broader digital ecosystem strategy centered on fintech, connectivity, and entertainment services.

Rising smartphone adoption and booming fintech services helped MTN Uganda grow profit to Ush678.8 billion in 2025, reflecting the rapid transformation of Africa’s telecom industry beyond traditional voice and SMS revenues.