MobileMoney Limited named Fintech Solutions Provider of the Year at Ghana Fintech Awards 2026

By: Nana Appiah Axquaye

MobileMoney Limited has been named Fintech Solutions Provider of the Year at the 2026 Ghana Fintech Awards, underscoring its leadership in advancing financial inclusion and digital innovation in the country.

The award, regarded as one of the most competitive in Ghana’s digital finance sector, reflects the company’s evolution from a basic money transfer service into a comprehensive fintech ecosystem supporting payments, savings, investments and business transactions. It also highlights the growing maturity of Ghana’s fintech landscape, where mobile money platforms are increasingly outperforming traditional banking systems in reach and efficiency.

Commenting on the recognition, Chief Executive Officer Shaibu Haruna said the company’s growth has been driven by strong partnerships and a focus on delivering solutions that meet diverse customer needs. He noted that the platform continues to expand its offerings across financial services, with a commitment to enabling users to “do more” with mobile money.

MobileMoney Limited’s performance has been supported by significant growth in user adoption and transaction activity. Active users rose by 12.3 percent to 19.3 million in 2025, while transaction volumes increased by 18.4 percent to 8.4 billion. Transaction values also recorded a sharp rise of 53.8 percent, reaching GH¢4.1 trillion.

Data from the Bank of Ghana indicates that mobile money has become the backbone of retail financial transactions in the country, widely used for payments, remittances, utility bills and microloans. Its accessibility through mobile phones and agent networks has made it particularly valuable for small businesses and the informal sector.

Revenue trends show a shift in user behaviour toward more advanced financial services. While traditional services such as withdrawals and transfers grew steadily, revenue from digital payments, merchant services and mobile lending rose significantly, reflecting increased adoption of integrated fintech solutions.

The company also reported strong financial performance, with a return on assets of 12.5 percent and a 55.8 percent increase in earnings per share, highlighting the profitability of its digital business model.

To address concerns around digital security, MobileMoney Limited has implemented consumer protection initiatives such as MoMoTrust and the “Shine Your Eye” campaign, aimed at educating users on fraud prevention and strengthening trust in digital financial services.

The company is currently undergoing structural changes following shareholder approval for a merger with MobileMoney Fintech Limited under Scancom PLC, in line with regulatory requirements set out in the Payment Systems and Services Act, 2019. The move is expected to enhance oversight, transparency and localisation within Ghana’s digital payments ecosystem.

Industry analysts say the recognition of MobileMoney Limited reflects the central role mobile money now plays in Ghana’s economy, supporting millions of users and driving financial inclusion across both urban and rural communities.