MobileMoney Fintech Ltd has called for a united front against digital financial crime during its inaugural stakeholder summit in Accra. The event brought together the Bank of Ghana, GhIPSS, the Ghana Police Service, and the Cyber Security Authority to develop a cross-platform defence strategy for the country's expanding digital finance ecosystem.
The push for real-time collaboration
Industry leaders at the summit stressed that as payment platforms multiply, isolated security measures are no longer sufficient. Clara Arthur, CEO of GhIPSS, warned that a lack of coordination could inadvertently make fraud interoperable across networks.
MMFL leadership framed the issue as a threat to consumer confidence. CFO Susan Yawson said fraud fundamentally undermines trust, making joint collaboration a necessity, not optional. CEO Shaibu Haruna proposed a joint industry attack plan centred on a centralised command centre that would allow competitors and regulators to share real-time intelligence.
Concrete timelines established
The summit resulted in a timeline for action.
Within 30 days: The rollout of initial priority interventions focusing on immediate fraud prevention, regulatory alignment, and the stability of the agent network.
Within 90 days: The establishment of a foundational framework to launch the centralised command centre.
A newly independent entity
The push to lead industry-wide security initiatives aligns with MMFL's recent corporate restructuring. On 31 March, the company officially completed its statutory separation from MTN Ghana, becoming the first MTN market to spin off its mobile money operations into a standalone fintech entity.
Now operating independently, MMFL handles a significant volume of digital transactions. The company reported GH¢6 billion in revenue for 2025, supported by 19.3 million active users and GH¢4.1 trillion in total transaction value. The newly independent firm is targeting an IPO on the Ghana Stock Exchange within the next three to five years.
