# MTN MoMo Ghana

> Source: https://docs.barcoder.ai/docs/wallets/mtn-momo-gh
> research date 2026-05-29 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [MoMo — MTN Ghana](https://mtn.com.gh/momo/)

## Overview

**MTN MoMo Ghana** is **Ghana's largest mobile money service** + **MTN Group's flagship Ghanaian fintech** <sup>[1][1], [2][2], [Ghana report](https://docs.barcoder.ai/docs/payments/GH)</sup>. **Q3 2025 baseline**: **17.7M active users** (+ over 700,000 new users added in past year).

**Ghana mobile money market 2025** <sup>[1][1], [3][3]</sup>:
- **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** <sup>[4][4]</sup> — 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** <sup>[2][2]</sup>.

**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** <sup>[4][4]</sup>.

## 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** | **[GhQR](https://docs.barcoder.ai/docs/standards/ghqr)** (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

**2025 baseline** <sup>[1][1], [3][3]</sup>:
- **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](https://docs.barcoder.ai/docs/wallets/telebirr) (Ethiopia state-mobile-money rival) | [Mixx by Yas (formerly Tigo Pesa) Tanzania](https://docs.barcoder.ai/docs/wallets/mixx-by-yas) (Mixx by Yas Tanzania state-mobile-money rival) | [M-Pesa](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [4][4]</sup>:
- **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]: https://mobilemoneyafrica.com/blog/mtn-ghana-mobile-money-reaches-17-7-million-users "MTN Ghana Mobile Money Reaches 17.7 Million Users — Mobile Money Africa"
[2]: https://mtn.com.gh/momo/ "MoMo — MTN Ghana"
[3]: https://233digital.com/blog/how-ghana-reached-gh-518b-in-mobile-money-transactions "How Ghana Reached GH¢518B in Mobile Money Transactions — 233Digital"
[4]: https://techcabal.com/2026/04/03/mtn-completes-ghana-momo-standalone-fintech-arm/ "MTN Group spins off Ghana MoMo into standalone fintech entity Apr 3 2026 — TechCabal"
[gh-cro]: https://docs.barcoder.ai/docs/payments/GH

- [1] [MTN Ghana Mobile Money Reaches 17.7M Users — Mobile Money Africa][1]
- [2] [MoMo — MTN Ghana][2]
- [3] [How Ghana Reached GH¢518B Mobile Money Transactions — 233Digital][3]
- [4] [MTN Group spins off Ghana MoMo into standalone fintech entity — TechCabal Apr 3 2026][4]
- <sup>[Ghana report](https://docs.barcoder.ai/docs/payments/GH)</sup> In-corpus: `reports/countries/GH-ghana.md`

## Source

Biography extracted from [mtn-momo-gh.md](https://docs.barcoder.ai/source/wallets/mtn-momo-gh). See `matrix.md` for standards-support matrix if present.