When will Peanut launch in Tanzania?

Peanut is working on integrating M-Pesa for payments in Tanzania. We do not have an exact launch date. Sign up to get notified. You can already deposit and withdraw digital dollars via supported networks.

What payment methods will Peanut support in Tanzania?

Peanut will integrate with M-Pesa, Tanzania's leading mobile money system with over 30 million registered accounts. M-Pesa covers person-to-person transfers, merchant payments, and bill payments. The vast agent network ensures nationwide coverage for cash-in and cash-out.

How do I get early access to Peanut in Tanzania?

Sign up at peanut.me to be notified. Create your account now. Your account will unlock M-Pesa when Tanzania goes live.

Do I need a Tanzanian National ID to use Peanut in Tanzania?

No. Peanut will accept passport verification from any country on the sender's side. You do not need a Tanzanian National ID or a Vodacom SIM to send money via Peanut.

Can I send money between Kenya and Tanzania with Peanut?

When both countries' M-Pesa integrations are live, you will be able to send money to M-Pesa accounts in either Kenya or Tanzania from the same Peanut balance. Hold your funds in digital dollars and send to whichever country when you are ready.

Is USD cash still necessary for tourists in Tanzania?

For now, yes — especially outside major cities and tourist hubs. Card acceptance is limited, and many smaller businesses, guides, and local services accept only cash or mobile money. Peanut's M-Pesa integration will help cover the mobile money side, but carrying some USD cash remains advisable for travel in Tanzania.

Peanut Is Coming to Tanzania

Send money to anyone via M-Pesa — Tanzania's leading mobile money system. No local ID needed. Sign up to get notified.

Tanzania is one of the world's leading mobile money markets. M-Pesa, operated by Vodacom (Safaricom's sister company), has over 30 million registered accounts in a country of roughly 65 million people. Mobile money agents are ubiquitous — even in rural areas far from banks. Person-to-person transfers, merchant payments, bill payments, and salary disbursements all flow through M-Pesa and competing services like Tigo Pesa (now MoMo by MTN) and Airtel Money. The Tanzania-Kenya corridor is a major cross-border payment route, and the UK-Tanzania remittance corridor is growing.

Peanut will plug into this ecosystem. When we launch in Tanzania, you will be able to send money directly to any M-Pesa account — instantly, at the market rate. No Tanzanian National ID needed on the sender's side. For the Tanzanian diaspora in the UK and for tourists visiting Kilimanjaro, Zanzibar, the Serengeti, and Ngorongoro Crater, Peanut will make moving money into Tanzania simple and affordable.

How It Will Work

1
Deposit from anywhere
Send digital dollars from any exchange or wallet via Solana, Arbitrum, Base, Tron, or Ethereum. Gas fees covered. Or deposit from your bank via SEPA (Europe), ACH (US), or wire transfer. All deposits are free.
2
Your balance stays in dollars
Your balance will be held in digital dollars until you are ready to send. Convert to Tanzanian shillings only when you choose.
3
Send via M-Pesa
Transfer to any M-Pesa account using a phone number, or pay a merchant using their till number. Your dollars will convert to TZS at the market rate. No fees from Peanut.
4
Instant arrival
The recipient will receive shillings instantly in their M-Pesa account. They can spend, pay bills, or cash out at any mobile money agent.

What Payment Methods Are Coming

M-Pesa

M-Pesa in Tanzania is operated by Vodacom, sharing infrastructure and design with Safaricom's M-Pesa in Kenya. With over 30 million registered accounts, it is Tanzania's leading mobile money system. The platform supports person-to-person transfers, merchant payments, bill payments (electricity, water, internet), and salary disbursements.

Tanzania is one of the world's most mature mobile money markets. Beyond M-Pesa, Tigo Pesa (now MoMo by MTN) and Airtel Money have significant market share. Mobile money agents are ubiquitous across the country, providing cash-in and cash-out services even in remote areas.

The Tanzania-Kenya corridor is especially strong — M-Pesa enables direct mobile money transfers between the two countries, driven by trade, travel, and shared cultural ties.

How it will work with Peanut: Open the Peanut app, enter the recipient's M-Pesa phone number or a merchant's till number. Review the amount in TZS and the exchange rate. Confirm — funds arrive instantly.

No local ID needed (sender side). Peanut will accept passport verification from any country. You do not need a Tanzanian National ID to send money via Peanut.

Full guide: Pay with M-Pesa in Tanzania

Exchange Rate: What to Expect

The Tanzanian shilling operates under a managed float, with the Bank of Tanzania intervening to smooth volatility. The currency has experienced gradual depreciation over time. Traditional remittance services add 5-8% in combined fees and markups on the UK-Tanzania corridor.

Peanut will convert digital dollars to shillings at the market rate — without the markup layers that eat into every transfer through traditional services.

Rate lock: The rate will lock at the moment of transfer. No slippage.

No fees. Peanut will charge nothing on deposits, M-Pesa transfers, or withdrawals. Gas fees are covered.

Compare rates:

Who Will Use Peanut in Tanzania

Cross-Border Travel (Kenya-Tanzania)

The Tanzania-Kenya corridor is a major cross-border route, driven by trade, tourism (safari circuits that span both countries), and shared cultural ties. M-Pesa connects the two countries with direct mobile money transfers. Peanut will let you hold one balance in digital dollars and send to either country — M-Pesa in Kenya or M-Pesa in Tanzania — as integrations go live.

Remittances (UK)

Tanzania's growing diaspora in the UK sends money home to support families. Traditional services charge 5-8% and transfers can take hours. Peanut will let you send from the UK directly to an M-Pesa account in Tanzania — instantly, at the market rate. More money reaches family, faster.

Guide: Send Money to Tanzania

Tourists

Tanzania attracts visitors to Kilimanjaro, Zanzibar, the Serengeti, and Ngorongoro Crater. Card acceptance is limited outside major hotels — tourists typically rely on USD cash and mobile money. Peanut will give you M-Pesa access without needing a Vodacom SIM or Tanzanian National ID, making it easier to pay for local services, tips, and small purchases.

Info

You will not need a Tanzanian National ID to send money to Tanzania via Peanut. Verify with any passport in under 2 minutes.

Get Notified

Peanut is not yet live for spending in Tanzania, but you can sign up now to be notified when M-Pesa integration launches. When live, you will send money to any M-Pesa account — instantly, at the market rate.

Today, you can already use Peanut to deposit and withdraw digital dollars in Tanzania via supported networks like Solana and Arbitrum. M-Pesa integration is coming next.

Verification: You will verify with a passport or national ID card from any country. No local ID required. Under 2 minutes. Powered by Persona (SOC 2 Type 2, GDPR, ISO 27001). Peanut never sees or stores your documents.