When can I send money to the Philippines with Peanut?

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

What payment methods will be supported in the Philippines?

Peanut is integrating with GCash, the Philippines' leading mobile wallet with over 40 million users. Recipients will be able to scan QR codes at merchants, send P2P payments, pay bills, and shop online. GCash is also part of the QR Ph interoperability standard. Bank withdrawals to Philippine 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 GCash integration launches in the Philippines, you will be notified and can start spending immediately.

Will I need a TIN or Philippine ID?

No. Peanut will not require a TIN, PhilID, or a local bank account. You verify with any passport or national ID card from any country. This is a major advantage over standard GCash verification, which requires Philippine identification documents.

How much will it cost to send money to the Philippines?

Peanut charges no fees on deposits, transfers, or spending. The exchange rate model for PHP is being finalized, but the approach is the same: digital dollars convert directly to local currency at the market rate, without hidden charges. Compare that to Wise (0.4-1.5% fee), Western Union ($5-$15+ per transfer), or bank wires ($25-$80+ from the sender's bank).

Can I already deposit and hold funds for when the Philippines launches?

Yes. Create a Peanut account today, deposit digital dollars on any supported network, and hold a balance. When GCash spending goes live, your balance will be ready to spend immediately at merchants across the Philippines.

How is this better than sending through Western Union or a remittance center?

Traditional remittance services charge $5-$15+ in fees per transfer, add a 2-5% rate markup to the exchange rate, and often require the recipient to visit a physical location during business hours. Peanut charges no fees, converts at the market rate, and the recipient spends instantly via GCash on their phone — no trip to a remittance center needed.

Send Money to the Philippines with Peanut — Coming Soon

Peanut is expanding to the Philippines. Soon you'll send money and have recipients spend locally via GCash — no fees, no TIN needed.

Send Money to the Philippines with Peanut — Coming Soon

Peanut is expanding to the Philippines. Soon you will be able to send money to anyone in the Philippines and have them spend locally using GCash, the country's leading mobile wallet with over 40 million users. The recipient will not need a TIN (Tax Identification Number) or a local bank account to receive and spend money. Just a passport and the Peanut app.

The Philippines is one of the world's largest remittance recipients, receiving approximately $38 billion per year from Overseas Filipino Workers (OFWs) in the United States, Saudi Arabia, the UAE, the United Kingdom, and beyond. Traditional remittance channels charge 2-5% in fees and can take days to deliver. Peanut is building a direct path from your dollars to Philippine pesos — through the same mobile wallet that millions of Filipinos already use every day.

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

No Fees

Peanut charges nothing on deposits, transfers, or spending. Whether you fund your account via ACH from a US bank, SEPA from a European bank, or digital dollars from an exchange, the deposit is free. Sending to the recipient is free. Spending in the Philippines via GCash 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 2-5% rate markup built into the rate

On monthly remittances of $500 — common for OFWs supporting families back home — traditional fees cost $10-$40 per transfer. Over a year, that is $120-$480 lost to middlemen.

Better Exchange Rate

Peanut's exchange rate model converts digital dollars directly to the local currency at the market rate, bypassing the markups that traditional providers embed. While the exact rate mechanism for PHP is being finalized, the approach eliminates the 0.5-2% exchange rate markup that services like Wise, PayPal, and Western Union add on top of the mid-market rate.

The Philippine peso operates under a managed float by the Bangko Sentral ng Pilipinas. Remittance flows provide natural support for PHP demand, but traditional providers still mark up the rate. Peanut's model is designed to give recipients more pesos per dollar.

Instant Local Spending via GCash

Once Peanut launches in the Philippines, recipients will be able to spend immediately using GCash. Instead of waiting for a bank transfer to process or visiting a physical remittance pickup location, the recipient opens the Peanut app and pays via GCash QR at merchants across the country.

GCash is accepted at over 100 major merchant integrations including:

Convenience stores: 7-Eleven, Ministop
Fast food and restaurants: Jollibee, McDonald's
Supermarkets and groceries
Online shopping: Lazada, Shopee
Ride-hailing: Grab
Bill payments: utilities, telco, government fees

GCash is also part of the QR Ph interoperability standard, meaning GCash QR codes can be scanned by other participating apps — creating a unified payment experience across the Philippines.

No Local ID Required

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Peanut will not require a TIN, PhilID, or a local bank account. Verify with any passport and start spending via GCash — no Philippine residency needed.

Full GCash verification typically requires a TIN or Philippine national ID. The PhilSys/PhilID system is still being rolled out and not yet universally adopted. Peanut will bypass these requirements entirely. Recipients verify with any passport or national ID card from any country — no TIN, no PhilID, no local bank account needed.

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 TIN or Philippine ID required.
2
Deposit funds
Fund your account using the method that fits your location. US users deposit via ACH (free, 1-3 business days) or digital dollars. UK and EU users deposit via SEPA (free, 90% under 20 minutes) 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.
4
Recipient spends locally via GCash
The recipient opens the Peanut app and pays via GCash. Scan a QR code at any participating merchant, send money to contacts using their mobile number, pay bills, or shop online. Payments settle instantly.

What the Recipient Will Be Able to Do

GCash Payments

GCash is the Philippines' leading mobile wallet, operated by Globe Fintech Innovations (Mynt). When Peanut integrates with GCash, recipients will be able to:

Scan QR codes at merchants — 7-Eleven, Jollibee, supermarkets, restaurants, and increasingly at sari-sari stores (neighborhood shops)
Send money P2P — transfer to anyone using their mobile number
Pay bills — utilities, telco, government fees, and more
Shop online — select GCash at checkout on Lazada, Shopee, and other platforms
Cash in and cash out — through partner agents and ATMs

GCash's QR payments are part of the QR Ph standard mandated by the Bangko Sentral ng Pilipinas, which enables interoperability across participating banks and wallets. This means one QR code works across multiple payment apps — expanding where the recipient can pay beyond GCash-only merchants.

Rapid adoption was driven by pandemic-era cashless payments and government cash aid distribution through GCash. With over 40 million active users, it is the default way Filipinos move money digitally.

Bank Withdrawal

Recipients will also be able to withdraw their Peanut balance to a local Philippine bank account. This works for rent, larger payments, and transfers to family members who prefer traditional banking.

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 Philippines spending integration launches.

Get Notified

Key Corridors

Send Money from the United States to the Philippines

The US is the largest source of remittances to the Philippines. Millions of Filipino Americans send money to family back home — for education, healthcare, housing, and daily expenses. Traditional services like Western Union charge $5-$15+ per transfer with an unfavorable rate. When Peanut launches, US-based senders will deposit via ACH (free, 1-3 business days) or digital dollars (free, arrives in minutes). The recipient in the Philippines will spend immediately via GCash — no visiting a remittance center, no waiting for bank processing.

Send Money from the United Kingdom to the Philippines

The UK has a significant Filipino diaspora, particularly in healthcare. UK-based senders can deposit via SEPA (EUR) or digital dollars from a UK exchange. When the UK Faster Payments integration goes live, GBP deposits will be even easier. The recipient in the Philippines receives funds instantly and spends via GCash.

Send Money from Saudi Arabia to the Philippines

Saudi Arabia has one of the largest OFW communities. Senders in Saudi Arabia will deposit via digital dollars from a local exchange. The recipient in the Philippines spends via GCash immediately — a dramatic improvement over the traditional remittance experience of exchange houses and multi-day processing.