Send Money to Tanzania with Peanut — Coming Soon
Peanut is expanding to Tanzania. Soon you'll be able to send money and have recipients spend via M-Pesa — the mobile money system powering everyday payments.
Send Money to Tanzania with Peanut — Coming Soon
Tanzania is one of the world's leading mobile money markets. M-Pesa, operated by Vodacom, has over 30 million registered accounts and is the backbone of daily payments — from merchant transactions and bill payments to salary disbursements and person-to-person transfers. Mobile money agents are ubiquitous, even in rural areas, making financial access possible where bank branches do not exist. But sending money to Tanzania from abroad still means dealing with high fees, slow transfers, and exchange rates that reduce the shillings the recipient receives.
Peanut is building a better way. Soon you will be able to send money to Tanzania and have the recipient spend locally via M-Pesa — paying merchants, sending to friends, paying bills, or withdrawing cash through the agent network. No fees, no local ID required.
Why Peanut Will Be the Best Way to Send Money to Tanzania
Better Exchange Rate
The Tanzanian shilling operates under a managed float and has experienced gradual depreciation over time. Traditional services add their own markup on top of already unfavorable rates. Peanut converts digital dollars directly to local currency at a competitive market rate, ensuring more shillings arrive for every dollar sent.
No Fees
Peanut charges nothing on deposits, sending, or local spending. No transfer fees, no receiving fees, no hidden charges. Traditional remittance services to Tanzania charge significant fees that eat into the money families depend on. With Peanut, every dollar sent becomes spending power.
Instant via M-Pesa
M-Pesa payments settle instantly — whether paying a merchant, sending to a friend's phone number, or paying a utility bill. Tanzania shares M-Pesa infrastructure with Kenya (both operated by Vodacom/Safaricom), and the system supports direct cross-border transfers between the two countries. When Peanut launches, recipients will access funds through M-Pesa immediately.
No Local ID Needed
Tanzania's financial system requires a National ID for full mobile money access. Peanut simplifies this — recipients will verify with any passport, no local National ID required.
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 bank transfer (SEPA from Europe, 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 M-Pesa
The recipient pays merchants, sends to friends, pays bills, or withdraws cash through M-Pesa's agent network — all instantly.
What the Recipient Will Be Able to Do
Pay Merchants via M-Pesa
M-Pesa merchant payments work across Tanzania — supermarkets, restaurants, shops, transport services, and more. The recipient enters a merchant till number or scans a code, confirms the amount in TZS, and payment settles instantly.
Send to Friends and Family
M-Pesa's person-to-person transfers work by phone number. Recipients can send money to anyone with an M-Pesa account across Tanzania.
Pay Bills
Utility bills, airtime top-ups, school fees, and other services accept M-Pesa payments. Recipients can handle essential payments directly from their balance.
Cash Withdrawal via Agent Network
Mobile money agents are ubiquitous in Tanzania — even in rural areas. Recipients can withdraw Tanzanian shillings from any M-Pesa agent, making funds accessible across the entire country.
Cross-Border to Kenya
M-Pesa enables direct mobile money transfers between Tanzania and Kenya. Recipients with connections in both countries can move money across the border through the shared M-Pesa system.
Bank Withdrawal
Recipients will also be able to withdraw to a Tanzanian bank account, converting their digital dollar balance to shillings at the point of withdrawal.
Who This Is For
Diaspora Sending Home
Tanzanians living in the UK and other countries send money home regularly to support family. Traditional services charge high fees and deliver unfavorable rates. Peanut will let you send more shillings home for every dollar, with the recipient able to spend through M-Pesa immediately — no bank account needed, no delays.
Tourists and Travelers
Tanzania attracts visitors to Kilimanjaro, Zanzibar, the Serengeti, and Ngorongoro Crater. Card acceptance is limited outside major hotels, and USD cash exchange rates vary widely. Peanut's M-Pesa integration will give tourists direct access to the payment system locals use, eliminating the need to carry large amounts of cash or negotiate exchange rates at currency exchange offices.
Cross-Border Workers
The Tanzania-Kenya corridor sees heavy cross-border activity driven by trade and shared cultural ties. Workers and business owners moving money between the two countries will benefit from instant M-Pesa transfers through Peanut.
How Much Will It Cost?
Peanut charges no fees on any operation. The exchange rate converts digital dollars directly to TZS at a competitive market rate.
| Service | Fee | Exchange Rate | Recipient Gets |
|---|---|---|---|
| Peanut (planned) | $0 | Market rate | More shillings |
| Wise | ~$3-7 | Mid-market with markup | Less |
| Western Union | $5-15 | Worst rate | Significantly less |
| Traditional services | Variable | Variable markup | Less |
Sending from Specific Countries
Send Money from Kenya to Tanzania
The Kenya-Tanzania corridor is a major cross-border payment route, driven by trade, travel, and shared cultural ties. M-Pesa enables direct mobile money transfers between the two countries. When Peanut launches, Kenyan senders will be able to deposit funds and send to Tanzania, where the recipient accesses funds through M-Pesa instantly.
Send Money from the United Kingdom to Tanzania
The UK-Tanzania corridor serves remittance senders supporting family members. UK senders will deposit via SEPA (free, 90% arrive in under 20 minutes) and send to Tanzania. The recipient accesses funds through M-Pesa in real time.
