MTN Group, the telecom giant spanning dozens of African markets, is pushing through the final stages of separating its fintech operations from its core connectivity business. The goal: create a standalone entity attractive enough for outside capital, starting with a Mastercard investment worth up to $200 million.
The restructuring covers MTN’s mobile money platform MoMo, which serves 60 million active wallets across the continent.
The mechanics of the split
MTN Group first announced the fintech spin-off plan on March 17, 2025. The agreement with Mastercard for a minority stake had been reached in early 2024, but executing a multi-country corporate restructuring across African regulatory environments is not exactly a weekend project.
Uganda moved first. On July 22, 2025, MTN Uganda’s shareholders approved the transfer of the company’s mobile money unit to a newly created entity called MTN Group Fintech Holdings B.V. The plan includes a local listing on the Uganda Securities Exchange within three to five years, giving Ugandan investors a direct way to buy into the mobile money story.
