When can I send money to Vietnam with Peanut?

Peanut is actively working on the Vietnam MoMo 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 Vietnam?

Peanut is integrating with MoMo, Vietnam's dominant mobile wallet with 69% active wallet penetration. Recipients will be able to scan QR codes at merchants, send P2P payments, pay bills, and shop online. MoMo is part of the VietQR ecosystem with approximately 85% merchant acceptance. Bank withdrawals to Vietnamese 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 MoMo integration launches in Vietnam, you will be notified and can start spending immediately.

Will I need a Vietnamese phone number or bank account?

No. Peanut will not require a Vietnamese phone number, TIN, or local bank account. You verify with any passport or national ID card from any country. This is a major advantage over standard MoMo access, which requires a Vietnamese phone number and linked bank account.

How much will it cost to send money to Vietnam?

Peanut charges no fees on deposits, transfers, or spending. The exchange rate model for VND 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), PayPal (3-4% cross-border fee), or Western Union ($5-$15+ per transfer).

Can I already deposit and hold funds for when Vietnam launches?

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

Can digital nomads in Vietnam use Peanut?

Yes. Ho Chi Minh City, Da Nang, and Hanoi are growing digital nomad destinations with affordable costs of living. Many nomads struggle with local payment access because MoMo and VietQR require a Vietnamese phone number and bank account. Peanut will remove that barrier — verify with your passport and pay via MoMo at participating merchants from day one.

Send Money to Vietnam with Peanut — Coming Soon

Peanut is expanding to Vietnam. Soon you'll send money and have recipients spend locally via MoMo — no fees, no Vietnamese bank account needed.

Send Money to Vietnam with Peanut — Coming Soon

Peanut is expanding to Vietnam. Soon you will be able to send money to anyone in Vietnam and have them spend locally using MoMo, the country's dominant mobile wallet with 69% active wallet penetration. The recipient will not need a Vietnamese phone number, TIN (Tax Identification Number), or a local bank account to receive and spend money through Peanut. Just a passport and the Peanut app.

Vietnam's digital payment landscape has transformed rapidly. MoMo is the clear leader, and the VietQR ecosystem has achieved roughly 85% merchant acceptance across the country. But accessing these systems requires a Vietnamese phone number and bank account — something tourists and short-term visitors simply cannot get. Peanut will bridge that gap, connecting your dollars directly to Vietnam's local payment infrastructure.

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

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 Vietnam via MoMo 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 rate markup built into the rate

For tourists spending a few thousand dollars over a multi-week trip, or families sending money home regularly, these fees add up fast.

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 VND is being finalized, the approach eliminates the 0.5-2% exchange rate markup that services like Wise and credit cards add.

Vietnam uses the dong (VND), which operates under a managed float. The large denominations (a coffee might cost 50,000 VND) can mask exchange rate differences, but on a $1,000+ transfer, a 1-2% markup means $10-$20 lost — money that could have gone to the recipient.

Instant Local Spending via MoMo

Once Peanut launches in Vietnam, recipients will be able to spend immediately using MoMo. The app handles everything from in-store QR payments to online shopping, bill payments, and P2P transfers. MoMo is part of the VietQR ecosystem, which has achieved approximately 85% merchant acceptance across Vietnam.

MoMo is accepted at:

Convenience stores and supermarkets
Restaurants, cafes, and street food vendors
Online shopping: Shopee, Tiki, Lazada
Ride-hailing: Grab, Be
Utility and bill payments
Entertainment and ticketing

Despite rapid QR adoption, cash remains common for some transactions outside major cities. MoMo covers the majority of everyday spending scenarios in Ho Chi Minh City, Hanoi, Da Nang, and other urban areas.

No Vietnamese Phone Number or Bank Account Needed

Info

Peanut will not require a Vietnamese phone number, TIN, or local bank account. Verify with any passport and start spending via MoMo — no Vietnamese residency needed.

MoMo normally requires a Vietnamese phone number to register and a Vietnamese bank account to fund the wallet. Getting a local bank account requires a long-term visa or work permit. This means tourists and digital nomads are locked out of the cashless payment systems that locals use daily. Peanut will bypass all of these requirements. Recipients verify with any passport or national ID card — no Vietnamese phone number, no TIN, 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 Vietnamese phone number or bank account 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. European users deposit via SEPA (free, 90% under 20 minutes). Australian users send digital dollars from a local exchange. 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 (or spend yourself)
If sending to someone in Vietnam, the recipient creates their own Peanut account and verifies with a passport. Send them money directly — Peanut-to-Peanut transfers arrive instantly. If you are the one traveling to Vietnam, spend directly from your own account.
4
Spend locally via MoMo
Open the Peanut app and pay via MoMo. Scan a QR code at any participating merchant, send money to contacts, pay bills, or shop online. Payments process instantly.

What the Recipient Will Be Able to Do

MoMo Payments

MoMo is Vietnam's dominant mobile wallet, with 69% active wallet penetration. When Peanut integrates with MoMo, recipients will be able to:

Scan QR codes at merchants — convenience stores, supermarkets, restaurants, cafes, and street food vendors across Vietnam
Send money P2P — transfer to anyone using their phone number
Pay bills — utilities, telco, government fees, and recurring payments
Shop online — select MoMo at checkout on Shopee, Tiki, Lazada, and other platforms
Use ride-hailing — pay for Grab and Be rides directly through MoMo

MoMo is part of the VietQR ecosystem, which enables interoperable QR payments across participating banks and wallets. A single QR code at a merchant works with multiple apps, creating broad coverage even beyond MoMo-specific merchants.

MoMo's aggressive loyalty programs, cashback offers, and gamification features have driven high engagement, making it the app that most Vietnamese consumers reach for when making digital payments.

Bank Withdrawal

Recipients will also be able to withdraw their Peanut balance to a local Vietnamese bank account for rent, larger payments, and other expenses that require a traditional bank transfer.

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 Vietnam spending integration launches.

Get Notified

Key Corridors

Send Money from the United States to Vietnam

The US has a large Vietnamese diaspora, and money flows regularly from Vietnamese Americans to family in Vietnam. Traditional services charge 2-5% in fees with multi-day settlement. 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 Vietnam will spend immediately via MoMo — no visiting a bank branch or remittance agent.

Tourists visiting Ho Chi Minh City, Hanoi, and Da Nang will also benefit. Instead of exchanging cash at variable rates or paying 3-4% credit card foreign transaction fees, travelers can pre-load their Peanut account and pay via MoMo QR at participating merchants.

Send Money from the United Kingdom to Vietnam

British tourists visit Vietnam in growing numbers, drawn to its food, history, and coastal destinations. UK-based senders deposit via SEPA (EUR) or digital dollars. The recipient spends via MoMo instantly.

Send Money from Australia to Vietnam

Australia has strong travel ties to Vietnam, with direct flights connecting major cities. Australian senders deposit via digital dollars from a local exchange. The recipient in Vietnam spends via MoMo at any QR-enabled merchant.