{
  "id": 13834387,
  "title": "MobileMoney Fintech wants small traders to grow into merchants",
  "url": "https://urgent.news/2026/10/12/mobilemoney-fintech-wants-small-traders-to-grow-into-merchants",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-12T00:45:39.000Z",
  "source": {
    "name": "The Chronicle Ghana",
    "slug": "the-chronicle-ghana",
    "url": "https://thechronicle.com.gh/mobilemoney-fintech-wants-small-traders-to-grow-into-merchants/"
  },
  "original_language": "en",
  "account": "MobileMoney Fintech Limited (MMFL), the operator of MTN MoMo in Ghana, is aiming to transform small businesses into merchants and growth partners in the digital economy, rather than simply treating them as customers. CEO Shaibu Haruna explained that the company is committed to creating tailored financial solutions for micro-enterprises, many of which remain underserved despite the growth of mobile money services. Haruna noted that small-business owners must separate personal finances from business transactions to improve financial management and foster growth. He shared an example of a woman whose business income was used to cover personal expenses, such as medical bills, illustrating the challenges small businesses face. MMFL aims to support micro-enterprises and help them build sustainable businesses through partnerships. The company is also addressing the growing challenge of digital fraud, blocking over 400,000 targeted fraudulent SMS messages and exploring AI tools to improve fraud detection. Haruna emphasized the need for customer awareness and cooperation between service providers and users to combat fraudulent schemes. The masterclass also discussed the importance of accurate reporting on fintech developments by the media, urging journalists to verify licensing information and distinguish between different types of issues. Sylvia Ankomah, CEO of the Digital Chamber of Ghana, highlighted the potential of fintech in areas beyond mobile money transactions, such as savings, insurance, pensions, and services for small businesses.",
  "summary": "MobileMoney Fintech Limited (MMFL), the operator of MTN MoMo in Ghana, is seeking to reposition small-scale businesses as merchants and growth partners rather than treating them merely as customers, as it looks to deepen financial inclusion and unlock opportunities in the digital economy. Chief Executive Officer of MMFL, Shaibu Haruna, said the company was committed […] The post MobileMoney…",
  "key_points": [
    "MMFL aims to convert small businesses into digital merchants.",
    "CEO Shaibu Haruna stresses separating personal and business finances.",
    "MMFL combats digital fraud with over 400,000 blocked messages."
  ],
  "editors_take": "Shifting from a transactional service to a partnership model allows the fintech provider to integrate underserved micro-enterprises into the broader digital economy through tailored financial management solutions.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}