Wallets/mtn-momo-gh
MTN MoMo Ghana
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Overview
MTN MoMo Ghana is Ghana's largest mobile money service + MTN Group's flagship Ghanaian fintech [1, 2, gh-cro]. Q3 2025 baseline: 17.7M active users (+ over 700,000 new users added in past year).
Ghana mobile money market 2025 [1, 3]:
- 26.7M active mobile money wallets in 2025 (+13.6% YoY; total Ghana market; MTN MoMo dominant)
- Record GH¢518.4 billion mobile money transactions in December 2025 (highest monthly figure ever)
- 982 million transactions in December 2025 (+10% MoM from 892M in November)
- MoMo revenue: GHS 4.3B (+39.2%) → MTN MoMo earned $549.15M revenue from Ghana in 2025
Apr 2026 — MTN Group Ghana MoMo standalone fintech spinoff [4] — distinctive MTN Group corporate restructuring (TechCabal coverage).
History
2009 — MTN MoMo Ghana launched by MTN Ghana.
2010s-2020s — Mass Ghanaian mobile-money adoption + GhIPSS interoperability [2].
2025 — Record performance:
- Q3 2025: 17.7M active users (+700K YoY)
- December 2025: GH¢518.4B transactions (record monthly) + 982M transactions (+10% MoM)
- 2025 revenue: $549.15M from Ghana (+39.2% to GHS 4.3B)
April 3, 2026 — MTN Group completes Ghana MoMo standalone fintech arm spinoff [4].
Ownership & operator
Operating entity (post-Apr 3, 2026): MoMo Ghana standalone fintech entity (MTN Group spinoff).
Parent: MTN Group Limited (JSE: MTN; LSE: MTN.L) — South African multinational mobile network operator.
Regulators: BoG (Bank of Ghana) — Dedicated Electronic Money Issuer (DEMI) license.
Technical integration
| Layer | Description |
|---|---|
| Channels | MoMo Ghana app (iOS + Android) + USSD (*170#) + MoMo agent network + MTN Ghana retail outlets |
| Identifiers | Phone + Ghanaian ID |
| GH rail | [[gh-qr]] (GhIPSS GhQR + GhIPSS Instant Pay interoperability) |
| License | Dedicated Electronic Money Issuer (DEMI; BoG license) |
| Sub-products | MoMo wallet + MoMo Pay + MoMo Send Money + MoMo Bill Payment + MoMo Merchant + MoMoPay + MoMo Insurance + MoMo Microcredit (MoKash) + MoMo Cross-Border (Africa-wide via MTN Group MoMo network) |
Users & growth
- Q3 2025: 17.7M active users + 700K added YoY
- 2025 Ghana mobile money market: 26.7M active wallets (+13.6% YoY; MTN MoMo dominant)
- December 2025: GH¢518.4B transactions (record monthly) + 982M transactions (+10% MoM)
- 2025 revenue: $549.15M from Ghana (+39.2% to GHS 4.3B)
- Apr 3, 2026: MTN Group completes Ghana MoMo standalone fintech spinoff
Use cases
Ghanaian mobile money + bill payment + merchant payment + cross-border via MoMo Ghana app + USSD + agent network; GhIPSS GhQR + GhIPSS Instant Pay interoperability; MoMo Insurance + MoMo Microcredit (MoKash) + MoMo Cross-Border Africa-wide via MTN Group MoMo network.
Implementations & partners
Operator (post-Apr 3, 2026): MoMo Ghana (MTN Group spinoff standalone fintech entity).
Parent: MTN Group Limited (JSE: MTN; LSE: MTN.L; South African multinational MNO).
Major Ghanaian mobile money + banking competitors:
- AirtelTigo Money (Vodafone + Tigo Ghana mobile money post-merger)
- Telecel Cash (Telecel Ghana mobile money; formerly Vodafone Cash Ghana)
- GCB Bank + Ecobank Ghana + Stanbic Bank Ghana + Standard Chartered Ghana + Absa Bank Ghana (Ghanaian banking + mobile-banking competitors)
- [[zeepay]] (Ghana fintech; cross-border remittance via wallets)
- [[hubtel]] (Ghana digital payments + commerce platform)
Cross-border MTN Group MoMo network: South Africa + Uganda + Rwanda + Zambia + DRC + Mauritius (per MoMoPSB receive-money corridors).
Regulator: BoG.
Fun facts
- Ghana's largest mobile money service + Q3 2025 17.7M active users + 2025 $549.15M revenue from Ghana (+39.2%).
- December 2025: GH¢518.4 billion mobile money transactions — record monthly figure ever recorded in Ghana.
- December 2025: 982 million transactions (+10% MoM from 892M in November).
- 2025 Ghana mobile money market: 26.7M active wallets (+13.6% YoY) — MTN MoMo dominant.
- 2009 launch — Ghana's first mobile money service.
- April 3, 2026 MTN Group completes Ghana MoMo standalone fintech spinoff — distinctive MTN Group corporate restructuring.
- Cross-border MoMo network: Ghana + South Africa + Uganda + Rwanda + Zambia + DRC + Mauritius (MTN Group MoMo).
Comparison
| Feature | MTN MoMo Ghana | [[telebirr]] (Ethiopia state-mobile-money rival) | [[mixx-by-yas]] (Mixx by Yas Tanzania state-mobile-money rival) | [[m-pesa]] (Kenya M-Pesa global mobile-money leader) | AirtelTigo Money (Ghana mobile money rival) |
|---|---|---|---|---|---|
| Operator | MoMo Ghana standalone fintech (Apr 3 2026 MTN Group spinoff); MTN Group Limited (JSE: MTN) parent | Ethio Telecom (state-owned Ethiopian incumbent) | Mixx by Yas Tanzania (Yas-rebranded post-Tigo Pesa) | Safaricom (Vodacom Group + GoK + public NSE float) | AirtelTigo Ghana (Vodafone + Tigo Ghana post-merger) |
| Type | Ghana's largest mobile money + MTN Group cross-border MoMo network | Ethiopia's largest mobile money state-owned | Tanzania mobile money | Kenya mobile money global leader | Ghana mobile money |
| Country | Ghana | Ethiopia | Tanzania | KE + multi-African + 10+ countries | Ghana |
| Users | 17.7M active (Q3 2025); 2025 $549.15M Ghana revenue; Dec 2025 GH¢518.4B record monthly + 982M transactions | 58M+ customers (mid FY2025/26) | 20.2M accounts (Mar 2025; TZ #2) | 50M+ users; KE 30M+ | Ghana mobile money rival |
| Distinctive | 2009 launch (Ghana's first mobile money); Apr 3 2026 MTN Group Ghana MoMo spinoff; Dec 2025 GH¢518.4B record monthly transactions; cross-border MoMo network 7 African countries; 2025 $549.15M revenue (+39.2%) | State-owned Ethio Telecom incumbent advantage; from zero to 58M+ in ~5 years; "boxed in" M-Pesa | Yas-rebranded post-Tigo Pesa; TZ #2 after M-Pesa | Kenya M-Pesa origin 2007; global mobile-money leader | AirtelTigo Ghana mobile money |
Status
Active, Ghana's largest mobile money service + MTN Group flagship Ghanaian fintech [1, 4]:
- MoMo Ghana standalone fintech entity (post-Apr 3, 2026 MTN Group spinoff); MTN Group Limited parent.
- Q3 2025: 17.7M active users + Dec 2025 GH¢518.4B record monthly transactions + 982M transactions.
- 2025 revenue: $549.15M from Ghana (+39.2% to GHS 4.3B).
- BoG regulated (DEMI license).
Sources
- 1 MTN Ghana Mobile Money Reaches 17.7M Users — Mobile Money Africa
- 2 MoMo — MTN Ghana
- 3 How Ghana Reached GH¢518B Mobile Money Transactions — 233Digital
- 4 MTN Group spins off Ghana MoMo into standalone fintech entity — TechCabal Apr 3 2026
- gh-cro In-corpus:
reports/countries/GH-ghana.md
Source
Biography extracted from mtn-momo-gh.md. See matrix.md for standards-support matrix if present.