When can I send money to Nigeria with Peanut?

Peanut is actively working on the Nigeria integration. Sign up now to get notified the moment local spending goes live.

What payment methods will be supported in Nigeria?

Peanut is integrating with Airtel Money for mobile payments and transfers. Bank withdrawals to Nigerian accounts will also be available.

How do I get early access?

Sign up for a Peanut account today. You can already deposit digital dollars and hold a balance. When the Nigeria integration launches, you will be notified.

Will the recipient need a BVN?

No. Peanut will not require a BVN (Bank Verification Number), NIN, or any Nigerian identification. Verify with any passport or national ID card from any country.

How much will it cost to send money to Nigeria?

Peanut charges no fees on deposits, transfers, or spending. Traditional services charge 5-10% on some Nigeria corridors. Peanut will convert at the market rate with no hidden charges.

Is Peanut cheaper than Wise or Western Union for Nigeria?

Peanut charges no fees. Wise charges 0.4-1.5% per transfer. Western Union charges $5-$15+ per transfer plus exchange rate markups of 5-10% on some corridors. Peanut will deliver funds at the real market rate.

Can I send money to Nigeria with Peanut today?

Yes. You can send digital dollars to anyone in Nigeria using Peanut Links right now. The recipient claims the funds and can withdraw. Local Airtel Money spending is coming soon.

Send Money to Nigeria with Peanut — Coming Soon

Peanut is expanding to Nigeria. Soon you'll send money and have recipients spend via Airtel Money — no fees, no BVN needed.

Send Money to Nigeria with Peanut — Coming Soon

Peanut is expanding to Nigeria. Soon you will be able to send money to anyone in Nigeria and have them access local payment systems — without needing a BVN or a local bank account. Just a passport and the Peanut app.

Nigeria receives approximately $20 billion in remittances every year, making it Africa's largest recipient. The United Kingdom and the United States are the top source countries. Traditional services charge 5-10% in combined fees and exchange rate markups on some corridors — money that should be going to families. Peanut is building a direct path from your dollars to Nigerian naira at the real market rate.

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

No Fees

Peanut charges nothing on deposits, transfers, or spending. Whether you fund your account via SEPA from a UK or 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 Nigeria 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 5-10% rate markup on some corridors

For families receiving monthly remittances from abroad, those fees add up to hundreds or thousands of dollars per year.

Better Exchange Rate

The Nigerian naira has experienced significant volatility, with gaps between official and parallel market rates at times. Peanut's exchange rate model converts digital dollars directly to local currency at the market rate. While the exact rate mechanism for NGN is being finalized, the goal is the same: your recipient gets the most naira per dollar, without hidden markups.

Instant Access

Once Peanut launches in Nigeria, recipients will be able to access funds immediately via Airtel Money and withdraw to their bank account or mobile wallet. No waiting days for an international bank transfer to clear.

No Local ID Required

Info

Peanut will not require a BVN (Bank Verification Number), NIN, or Nigerian bank account. Verify with any passport and start receiving money — no local registration needed.

Most Nigerian financial services require a BVN, which links biometric data across bank accounts and requires in-person registration at a Nigerian bank. The NIN is increasingly required for SIM registration and financial services. Peanut will bypass these requirements.

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. No BVN or NIN required.
2
Deposit funds
Fund your account using the method that fits your location. UK users deposit via SEPA (free, 90% under 20 minutes). US users deposit via ACH (free, 1-3 business days). Anyone can send USDC, USDT, or DAI on Solana, Arbitrum, Base, Tron, Avalanche, Polygon, or Ethereum — all deposits are free.
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.
4
Recipient accesses funds locally
The recipient uses Airtel Money for mobile transfers, or withdraws to their Nigerian bank account. Funds arrive quickly in naira.

What the Recipient Will Be Able to Do

Airtel Money

Airtel Money is one of Nigeria's mobile money providers, enabling P2P transfers, bill payments, and merchant transactions. The broader Nigerian mobile money ecosystem includes MTN MoMo, OPay, PalmPay, and Paga — each growing as Nigeria moves toward a cashless economy.

When Peanut integrates Airtel Money, recipients will access mobile payments and transfers across Nigeria. No BVN required on the Peanut side, no local bank account needed.

Bank Withdrawal

Recipients will also be able to withdraw their Peanut balance to a local Nigerian bank account for rent, school fees, and other expenses.

Digital Dollar Withdrawal

Recipients who prefer to hold digital dollars can withdraw USDC, USDT, or DAI to any external wallet. This is available today.

Get Notified

Key Corridors

Send Money from the United Kingdom to Nigeria

The UK-to-Nigeria corridor is one of the busiest remittance routes globally, driven by Nigeria's large diaspora in the UK. When Peanut launches, UK-based senders will deposit via SEPA (free, 90% under 20 minutes) and send to recipients in Nigeria who access funds via Airtel Money or bank withdrawal.

Send Money from the United States to Nigeria

US-based Nigerians send money home regularly. When Peanut launches, US senders will deposit via ACH (free, 1-3 business days) or digital dollars (free, arrives in minutes). The recipient in Nigeria will access funds immediately.