When can I send money to Portugal with Peanut?

Peanut is actively working on the MB WAY integration for Portugal. A confirmed launch date has not been announced yet. Sign up now to get notified the moment spending in Portugal goes live — you will be among the first to access it.

What payment methods will be supported in Portugal?

Peanut is integrating with MB WAY, Portugal's leading mobile payment system with over 5 million users. Recipients will be able to scan QR codes at merchants, send P2P payments by phone number, and pay online. SEPA bank withdrawals are already available today.

How do I get early access?

Sign up for a Peanut account today. If you are in Portugal or another SEPA country, you can already deposit via SEPA bank transfer and hold a balance. When the MB WAY integration launches, you can start spending immediately.

Will I need a NIF or Portuguese bank account?

No. Peanut will not require a NIF (Portuguese tax identification number) or a local bank account. You verify with any passport or national ID card from any country. Tourists, Brazilian residents, digital nomads, and expats can all use Peanut in Portugal with just a passport.

How much will it cost to send money to Portugal?

Peanut charges no fees on deposits, transfers, or spending. For EUR-to-EUR transfers within SEPA, there is no currency conversion step — the recipient gets exactly what you send. For non-EUR senders, the exchange rate model converts digital dollars to EUR at the market rate without hidden charges.

Can I send money from Portugal to Brazil?

Yes. Sending money from Portugal to Brazil is already possible. Deposit via SEPA from your Portuguese bank (free, under 20 minutes), and your recipient in Brazil spends instantly via Pix. See the Send to Brazil guide for details.

Is SEPA deposit available for Portugal today?

Yes. Portugal is part of the SEPA zone, so SEPA deposits and withdrawals work today. You can deposit euros from any Portuguese bank account for free, with 90% of deposits arriving in under 20 minutes. Digital dollar deposits on all supported networks are also available.

Send Money to Portugal with Peanut — Coming Soon

Peanut is expanding to Portugal. Soon you'll send money and have recipients spend locally via MB WAY — no fees, no NIF needed.

Send Money to Portugal with Peanut — Coming Soon

Peanut is expanding to Portugal. Soon you will be able to send money to anyone in Portugal and have them spend locally using MB WAY, Portugal's leading mobile payment system. The recipient will not need a NIF (tax identification number) or a Portuguese bank account to receive and spend money. Just a passport and the Peanut app.

Portugal is already part of the Peanut network for deposits and withdrawals via SEPA. The next step is local spending. MB WAY has over 5 million users and handles 45% of Portugal's e-commerce transactions. It is built on the Multibanco infrastructure that connects 27 banks and over 12,000 ATMs across the country. Peanut will plug into that same system, giving recipients instant access to QR payments, P2P transfers, and online checkout throughout Portugal.

Why Peanut Will Be the Best Way to Send Money to Portugal

No Fees

Peanut charges nothing on deposits, transfers, or spending. Whether you fund your account via SEPA from a European bank, ACH from a US bank, or digital dollars from an exchange, the deposit is free. Sending to the recipient is free. Spending in Portugal via MB WAY will be free. Compare that to the alternatives:

Wise: 0.4-1.5% in additional charges on every transfer
PayPal: 3-4% cross-border fee, plus an unfavorable exchange rate markup
Western Union: $5-$15+ flat fee per transfer, plus a rate markup built into the rate

Better Exchange Rate

For senders outside the eurozone, the exchange rate matters. Peanut's model converts digital dollars directly to the local currency at the market rate, without the markups that traditional providers embed. While Portugal uses EUR and the rate mechanism for EUR-denominated spending is being finalized, the goal is the same: your recipient gets the most value per dollar, pound, or other source currency.

For senders within the eurozone, Peanut eliminates fees entirely — there is no currency conversion step, so your recipient receives exactly what you send.

Instant Local Spending

Once Peanut launches spending in Portugal, recipients will be able to pay instantly using MB WAY. The system supports QR payments at merchants, P2P transfers by phone number, and online checkout — all built on the reliable Multibanco infrastructure that has powered Portuguese payments for decades.

MB WAY is widely accepted across Portugal:

Supermarkets: Continente, Pingo Doce, Lidl, Aldi
Restaurants, cafes, and bars
Retail shops and clothing stores
Pharmacies
Online e-commerce (domestic and some international merchants)
Parking and public transport (growing coverage)

No Local ID Required

Info

Peanut will not require a NIF (Portuguese tax ID) or a Cartao de Cidadao. Verify with any passport and start spending via MB WAY — no Portuguese bank account needed.

MB WAY normally requires a Portuguese bank account linked to the Multibanco system. For foreigners, getting that account typically requires a NIF (tax identification number). Peanut will bypass both requirements. Recipients verify with any passport or national ID card — no NIF, no Cartao de Cidadao, no local bank account needed. This is especially valuable for the approximately 485,000 Brazilian residents in Portugal and the growing digital nomad community centered in Lisbon.

How It Will Work

1
Sign up and verify your identity
Create a Peanut account and complete identity verification. Submit a photo of your passport or national ID card plus a selfie — the process takes under 2 minutes for most users. No NIF or Portuguese bank account required.
2
Deposit funds
Fund your account using the method that fits your location. European users deposit via SEPA bank transfer (free, 90% under 20 minutes). US users deposit via ACH (free, 1-3 business days) or digital dollars. Anyone can send USDC, USDT, or DAI on Solana, Arbitrum, Base, Tron, Avalanche, Polygon, or Ethereum — all deposits are free and arrive in minutes.
3
Send to the recipient
The recipient creates their own Peanut account and verifies with a passport or national ID card. Send them money directly — Peanut-to-Peanut transfers arrive instantly. If you are the one visiting Portugal, skip this step and spend directly from your own account.
4
Recipient spends locally via MB WAY
The recipient opens the Peanut app and uses MB WAY to scan QR codes at merchants, send money to contacts by phone number, or pay online. All payments settle instantly through the Multibanco network.

What the Recipient Will Be Able to Do

MB WAY Payments

MB WAY is Portugal's leading mobile payment system, built on the SIBS/Multibanco infrastructure that connects 27 banks. When Peanut integrates with MB WAY, recipients will be able to:

Scan QR codes at merchants — pay at supermarkets, restaurants, shops, and cafes by scanning the MB WAY QR at the point of sale
Send P2P payments — transfer money to anyone in Portugal using their phone number
Pay online — select MB WAY at checkout on Portuguese e-commerce sites and authorize the payment in the app
Contactless payments — use MB WAY's NFC capability for tap-to-pay at compatible terminals

MB WAY has become the standard for mobile payments in Portugal. Over 5 million users rely on it daily, and it handles nearly half of all Portuguese e-commerce transactions. The merchant sees a normal MB WAY payment — they have no idea Peanut is involved.

Bank Withdrawal

Recipients will also be able to withdraw their Peanut balance to a local Portuguese bank account via SEPA transfer. This is useful for rent, bills, and other expenses. SEPA withdrawals are free and 90% arrive in under 20 minutes.

Digital Dollar Withdrawal

Recipients who prefer to hold digital dollars can withdraw USDC, USDT, or DAI to any external wallet on supported networks. This is available today — even before the Portugal spending integration launches.

Get Notified

The Portugal-Brazil Corridor

Portugal and Brazil share a language, colonial history, and deep cultural ties that drive one of the strongest corridors in the Peanut network. Approximately 485,000 Brazilian residents live in Portugal — about 31% of all foreign residents. In 2024, Brazilian immigrants in Portugal sent a record 414 million euros back to Brazil.

When both corridors are fully live, this creates a powerful bidirectional path:

Brazil to Portugal: Brazilian residents in Portugal can already send money to family back in Brazil, where the recipient spends instantly via Pix. When MB WAY spending launches, they can also spend locally in Portugal.
Portugal to Brazil: Portuguese tourists visiting Brazil can deposit via SEPA from their Portuguese bank and have the recipient spend via Pix immediately. Portugal is the second-largest European source of tourists to Brazil, after France.

Digital nomads and remote workers based in Lisbon's growing tech hub will benefit from passport-only verification and direct access to MB WAY — no NIF paperwork required.

Deposit and Withdrawal — Available Today

While spending in Portugal via MB WAY is coming soon, deposit and withdrawal functionality is already live. Users in Portugal can:

Deposit via SEPA bank transfer (free, 90% under 20 minutes) or digital dollars on any supported network
Withdraw via SEPA to any Portuguese bank account, or to an external wallet
Send and receive between Peanut accounts instantly

Portugal is already in the SEPA zone, so fiat deposits and withdrawals work today. Create your account, fund it via your Portuguese bank, and be ready to spend the moment MB WAY integration goes live.