The MTN Uganda fintech spinoff creates an independent digital finance company to drive growth, innovation, and investment in East Africa.

MTN Uganda Spins Off Fintech Arm in Bold Restructuring

On July 23, 2025, MTN Uganda announced its fintech spinoff, separating the mobile money unit from the main telecom business to create a fully independent digital finance company.

The new firm holds its own license under Uganda’s National Payments Systems Act. The Bank of Uganda now regulates its operations directly. Customers will still access MTN Mobile Money services, but the fintech arm operates separately from the telecom division.

CEO Sylvia Mulinge said:

“This marks a bold step forward in unlocking opportunities in the digital financial space while enhancing transparency and innovation.”

MTN Uganda, which posted a 13.1 % year-on-year revenue surge for the first half of 2025, plans to list the fintech firm on the Uganda Securities Exchange (USE) within three to five years. The listing will give Ugandans a chance to own shares and attract new investors.

The strategy follows MTN Group’s restructuring in Nigeria and Ghana. In both markets, MTN created separate fintech units to boost efficiency, strengthen compliance, and raise valuations.

With 32 million registered mobile money users and annual transactions worth UGX 27 trillion ($7.1 billion), MTN Uganda’s fintech arm is positioned as a major force in East Africa’s digital economy.