Shareholders of MobileMoney FinTech LTD (MMFL) have approved a first-quarter dividend of GH¢0.03 per share for the period ending March 31, 2026, at the Extraordinary General Meeting (EGM) of MobileMoney Fintech Limited (MMFL) held on Friday, June 12, 2026.
The declaration of the dividend formed part of five resolutions presented to shareholders and beneficiaries, all of which were unanimously adopted at the meeting.
The shareholders gave the company certain critical approvals for the continuation of the business and the transitioning of directors of MML to MMFL
Chief Executive Officer (CEO) of MMFL, Shaibu Haruna, says the company delivered a strong first-quarter performance, recording revenue of about GH¢1.7 billion, representing a 28.4% year-on-year growth.
According to him, the impressive growth translated into increased profitability and enabled the company to declare an interim dividend of three pesewas per share for the quarter ended March 31, 2026.
Furthermore, Shaibu explained that the dividend reflected MMFL’s robust first-quarter performance and formed part of a new quarterly dividend payment regime adopted by the company.
He noted that MMFL previously paid dividends on a half-year basis but had now moved to quarterly distributions to provide more regular returns to shareholders.
“The three pesewas per share declared is a reflection of the company’s performance in the first quarter,” he said.
Mr Haruna added that when combined with the three pesewas per share dividend already declared by MTN Ghana, shareholders would receive a total of six pesewas per share for the first quarter alone.
Looking ahead, he said customers should expect continued innovation across the mobile money ecosystem, with MMFL working closely with partners to introduce new products and services that enhance customer experience.
The CEO also identified digital fraud as a major industry concern, stressing that MMFL was intensifying collaboration with ecosystem players to combat the menace.
He cited the recent publication of the company’s white paper on digital fraud as evidence of its commitment to tackling the challenge and safeguarding customers.
“We will work with our partners to ensure that we collectively address this social menace,” he said.
Also at the meeting, beneficiaries authorised the Board of Directors to declare and pay dividends for the second and third quarters of the 2026 financial year, subject to the provisions of the company’s constitution and applicable laws.
The meeting also approved the appointment of six directors to the board of MMFL, subject to the approval of the Bank of Ghana.
The directors are Mr Modupe Kadri, Mr Serigne Dioum, Mr Adekunle Benjamin Awobodu and Mrs Antoinette Kwofie, all as Non-Executive Directors; Ms Susan Yawson as Executive Director; and Mrs Bashirat Odunewu as Independent Non-Executive Director.
According to the company, the appointments form part of post-merger governance arrangements following the merger of MobileMoney Limited (MML) and MobileMoney Fintech Limited on March 31, 2026.
The newly approved directors previously served on the board of MobileMoney Limited and were appointed by the MMFL Board to ensure continuity in governance and oversight after the merger.
Beneficiaries also ratified the appointment of Ernst & Young (EY) as the external auditor of the company for the 2026 financial year.
Additionally, the meeting authorised the Board of Directors to determine the remuneration of the external auditor for the year.
