When can I send money to Sweden with Peanut?

Peanut is actively working on expanding to Sweden with Swish integration. Sign up to get notified when the service launches — you will be among the first to know.

What payment methods will be supported in Sweden?

Peanut plans to integrate with Swish, Sweden's near-universal mobile payment system used by over 8 million Swedes. Swish supports merchant QR payments, P2P transfers by phone number, and online checkout.

How do I get early access?

Sign up at peanut.me to join the notification list. When Peanut launches in Sweden, early sign-ups will be the first to get access.

Will the recipient need a Personnummer or Swedish bank account?

No. Peanut will not require a Personnummer or Swedish bank account. Recipients will verify with any passport, solving one of the biggest friction points for foreigners in Sweden's nearly cashless economy.

How will Peanut's rates compare to Wise?

Peanut charges no fees on any operation and converts at a competitive market rate. Wise charges a variable fee plus a rate markup. More kronor will reach the recipient through Peanut on every transfer.

Why is Swish integration important in Sweden?

Sweden is one of the world's most cashless countries. Many businesses do not accept cash at all. Without Swish, paying at shops, restaurants, and even street vendors can be difficult. Peanut's Swish integration will give recipients full access to Sweden's payment ecosystem.

Is Peanut available in Sweden right now?

Sweden is in the SEPA zone, so Swedish users can already deposit and withdraw via SEPA and digital dollars. Local spending via Swish is the feature that is coming soon.

Send Money to Sweden with Peanut — Coming Soon

Peanut is expanding to Sweden. Soon you'll be able to send money and have recipients spend locally via Swish — Sweden's near-universal payment system.

Send Money to Sweden with Peanut — Coming Soon

Sweden is one of the world's most cashless societies. Over 8 million Swedes use Swish for everyday payments — from supermarkets and restaurants to street vendors and charity collections. Many businesses do not accept cash at all. "Swisha" has become a verb in Swedish, meaning simply "to pay." But for people sending money to Sweden from abroad, the challenge is getting funds into a system that revolves almost entirely around Swish.

Peanut is solving that problem. Soon you will be able to send money to Sweden and have the recipient spend locally via Swish — paying merchants with QR codes, sending to friends by phone number, or paying online. No fees, no Personnummer required, no multi-day bank transfer delays.

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

Better Exchange Rate

Traditional services add markups to the SEK exchange rate. Wise charges a fee on top of a mid-market rate. PayPal takes 3-4% through combined fees and conversion charges. Peanut converts digital dollars directly to local currency at a competitive market rate, without the extra conversion layers.

No Fees

Peanut charges nothing on deposits, sending, or local spending. Depositing via SEPA is free. Sending to the recipient is free. Spending via Swish will be free. Compare that to Western Union's flat fees and marked-up rates, or PayPal's percentage-based cross-border charges.

Instant via Swish

Swish settles payments in real time through direct bank-to-bank transfers via the Riksbank's RIX system. Merchant QR payments, P2P transfers, and online purchases all confirm instantly. When Peanut launches, recipients will spend through Swish immediately — no bank transfer queue, no business-day restrictions.

No Personnummer Required

Sweden's financial infrastructure is built around the Personnummer (personal identity number). Without it, you cannot open a Swedish bank account, activate Swish, or get a Swedish phone plan. Foreigners need to register with the Swedish Tax Agency and demonstrate a valid reason for staying 12+ months — a major barrier for tourists, short-term visitors, and new arrivals. Peanut removes this wall. Recipients will verify with any passport, no Personnummer required.

Info

Sweden is nearly cashless, but Swish requires a Personnummer. Peanut will let recipients access Swish without one — verify with any passport.

How It Will Work

1
Sign up and verify
Create a Peanut account and complete identity verification with your passport. Takes under 2 minutes for most users.
2
Deposit funds
Fund your Peanut account via SEPA (free, most arrive in under 20 minutes), ACH from the US, or send digital dollars from any major exchange.
3
Send to your recipient
Your recipient creates a Peanut account or receives funds to an existing one. Peanut-to-Peanut transfers arrive instantly.
4
Recipient spends via Swish
The recipient pays at merchants by scanning Swish QR codes, sends to friends by phone number, or pays online — all instant.

What the Recipient Will Be Able to Do

Pay at Merchants with Swish QR

Swish is accepted nearly everywhere in Sweden — ICA, Coop, Hemkop, Willys, restaurants, bars, street vendors, flea markets, and retail stores. The recipient scans a Swish QR code at the merchant, sees the amount in SEK and the digital dollar equivalent, and confirms. Payment settles instantly between bank accounts via the Riksbank.

Send to Friends

Swish supports phone-number-based P2P transfers. Recipients will be able to send money to anyone in Sweden by entering their mobile number — perfect for splitting dinner, paying rent, or settling up.

Pay Online

Swish is widely accepted for online purchases in Sweden. The recipient selects Swish at checkout, confirms in the app, and the purchase is complete.

Bank Withdrawal

Recipients will also be able to withdraw to a Swedish bank account, converting their digital dollar balance to kronor at the point of withdrawal.

Who This Is For

Tourists and Short-Term Visitors

Sweden's nearly cashless economy creates a real problem for visitors. Many businesses — from restaurants and bars to flea markets and even some public transport systems — do not accept cash. Without a Personnummer, you cannot use Swish. This leaves tourists relying entirely on international credit cards, which charge foreign transaction fees and do not work at Swish-only establishments. Peanut will solve this by giving visitors Swish access without a Personnummer.

Digital Nomads and Remote Workers

Sweden's strong internet infrastructure and quality of life attract remote workers. But the Personnummer requirement creates a significant barrier for people staying less than 12 months. Peanut will give these workers access to Swish — the payment method that everyone around them uses — from day one.

Cross-Border Workers from the UK and Germany

Europeans working in or frequently traveling to Sweden need local payment access. SEPA deposits from the UK or Germany arrive in under 20 minutes, and the recipient in Sweden can spend through Swish immediately.

How Much Will It Cost?

Peanut charges no fees on any operation. The exchange rate converts digital dollars directly to SEK at a competitive market rate.

Service	Fee	Exchange Rate	Recipient Gets
Peanut (planned)	$0	Market rate	More kronor
Wise	~$3-5	Mid-market with markup	Less
PayPal	~$5 + 3-4%	Below mid-market	Significantly less
Western Union	$5-15	Worst rate	Least

Get Notified

Sending from Specific Countries

Send Money from the United Kingdom to Sweden

The UK-Sweden corridor serves both personal transfers and business payments. UK senders will deposit via SEPA (free, 90% arrive in under 20 minutes) and send to Sweden. The recipient spends via Swish instantly. In a country where many shops are cash-free and Swish-only, this is especially valuable for recipients who would otherwise struggle without a Personnummer.

Send Money from Germany to Sweden

Germany-Sweden is an active corridor for both cross-border workers and personal transfers. SEPA deposits from Germany are free and fast, with most arriving in under 20 minutes. The recipient in Sweden accesses their funds through Swish in real time.