MobileMoney Fintech Ltd. Tailors Solutions to Meet the Needs of SMEs
Small and Medium-sized Enterprises (SMEs), widely recognised as the engine of Ghana’s economy, are increasingly leveraging mobile money and digital payment solutions to improve operational efficiency, strengthen financial management and unlock new opportunities for growth and access to credit.
In other words, digital financial services have evolved beyond simple money transfers to become essential business tools that help entrepreneurs address key operational challenges.
In effect, digital payments are helping business owners to manage their finances more effectively while reducing the risks of carrying or storing cash.
Abdul Razak Issaka-Ali, Chief Commercial Operations Officer, MobileMoney Fintech Ltd. (MMFL), made these known when he took his turn on the on-air series of the Citi Business Festival, ahead of the 2026 World SMEs Day, which was observed on June 27.
According to Mr Issaka-Ali, merchant payment solutions now allowed business owners to monitor transactions in real time, giving them greater control over revenue while improving accountability,adding that some MoMo solutions were designed to enable attendants to receive customer payments without having direct access to business funds, helping to minimise internal leakages, as a result.
Mr Issaka-Ali noted that many SMEs still struggled with cash handling, theft and limited visibility over daily transactions and expressed MMFL’s commitment to transforming the way people did business for the better
He gave the assurance that MMFL had tailored its solutions to meet the needs of SMEs and that Business owners could track every payment made into their accounts, making it easier to manage cash flow, improve operational efficiency and make informed business decisions.
This growing visibility over business transactions, Mr Issaka-Ali noted, was also creating a stronger foundation for SMEs to build financial records and demonstrate their creditworthiness.
He noted that beyond payments, access to finance was another area where digital financial services were making a significant difference for SMEs, adding that digital transaction histories were enabling financial institutions to assess customers based on their financial activity rather than relying solely on traditional collateral requirements.
“In the past, many small businesses struggled to access loans because they lacked assets that financial institutions could use to assess their creditworthiness. Today, digital financial footprints are opening new opportunities for entrepreneurs to secure funding and grow their businesses,” Mr Issaka-Ali explained.
Mr Issaka-Ali expressed optimism that significant opportunities remained to deepen digital financial inclusion, particularly among SMEs operating in rural and underserved communities where digital adoption levels were still comparatively lower.
He was confident that continued innovation, collaboration across the financial ecosystem and customer-focused solutions would further empower Ghanaian businesses, improve productivity and support the country’s transition to a more inclusive digital economy.
Source: G.D. Zaney, Esq.
