MobileMoney Fintech Limited (MMF) has declared its first quarterly dividend. The company will pay 3 pesewas per share for the first quarter of 2026. This announcement follows MMF's recent separation from MTN Ghana.
Shareholders approved the dividend at an Extraordinary General Meeting (EGM) on Friday. This was MMF's first shareholder meeting since becoming an independent company on March 31, 2026. The meeting also greenlit other key decisions for the company's operations as a standalone business.
This dividend payout reflects the growing strength of Ghana's digital financial services sector. Mobile money has become a crucial element of the national economy, driving financial inclusion. The decision to pay dividends quarterly shows confidence in MMF's ongoing profitability and cash flow. It also signals a stable return for investors in Ghana's dynamic fintech market.
MMF Chairperson Victoria Bright called the EGM a “significant milestone”. She noted that shareholders approved key resolutions for the company's standalone operations. These resolutions included moving directors from Mobile Money Limited to MMF. They also appointed auditors and adopted a new quarterly dividend payment structure. Ms. Bright stated, “We used to pay dividends on a half-yearly basis, but we are now doing it on a quarterly basis.” She added that MTN Ghana also declared a separate dividend of 3 pesewas per share. This means a combined first-quarter payout of 6 pesewas per share for shareholders of both companies.
This move is likely to attract more investment into Ghana's fintech industry. It also provides a stronger incentive for stakeholders in the mobile money ecosystem. The transparency of quarterly payouts can enhance investor confidence. This could further boost the growth trajectory of digital financial services. This sector has already seen rapid expansion across Ghana.
MMF Chief Executive Officer Shaibu Haruna provided details on the company's performance. Mobile money revenue reached approximately GHS 1.7 billion in the first quarter. This represents a 28.4 percent year-on-year increase. Mr. Haruna stated this strong revenue growth led to higher profitability. This profitability then supported the dividend payment to shareholders. He noted, “This is an interim dividend and a reflection of the company’s performance in the first quarter.”
Looking ahead, Mr. Haruna said MMF will keep investing in innovation. It will also strengthen partnerships across the mobile money ecosystem. These efforts aim to improve customer experience. Combatting digital fraud remains a key priority for the company. MMF will continue working with industry stakeholders to address this growing threat. The company's recent white paper on digital fraud shows its commitment to customer safety. It also promotes trust within Ghana’s digital financial ecosystem.