Send Money to Pakistan with Peanut — Coming Soon
Peanut is expanding to Pakistan. Soon you'll be able to send money and have recipients access funds via Raast — Pakistan's instant payment system.
Send Money to Pakistan with Peanut — Coming Soon
Pakistan is one of the world's top remittance-receiving countries, with formal inflows exceeding $30 billion annually. The UAE, Saudi Arabia, UK, and US are the largest sending corridors. Yet traditional transfer services charge high fees and use exchange rates that reduce what families actually receive. With the Pakistani rupee under pressure from ongoing depreciation, every percentage point on the exchange rate matters even more — recipients are getting fewer rupees per dollar at a time when prices are rising.
Peanut is building a faster, cheaper path. Soon you will be able to send money to Pakistan and have the recipient access funds instantly through Raast — Pakistan's state-backed instant payment system. No fees, no CNIC required for verification, no multi-day wait.
Why Peanut Will Be the Best Way to Send Money to Pakistan
Better Exchange Rate
The Pakistani rupee has experienced significant depreciation, making exchange rate quality the most important factor in how much value arrives. Traditional services add their own markup on top of the mid-market rate. Peanut converts digital dollars directly to local currency at a competitive market rate, cutting out the extra conversion layers that eat into every transfer.
No Fees
Peanut charges nothing on deposits, sending, or local access. No transfer fees, no receiving fees, no hidden charges. Compare that to the 5-10% fees that some services charge on remittance corridors to Pakistan, or Western Union's flat fees plus marked-up rates. On a $500 transfer, those fees add up to $25-$50 that never reaches the family.
Instant via Raast
Raast is Pakistan's first instant payment system, launched by the State Bank of Pakistan. It enables real-time person-to-person transfers using mobile numbers as Raast IDs, connecting major banks (HBL, UBL, Meezan Bank) and digital wallets (JazzCash, Easypaisa). When Peanut launches, recipients will access funds through Raast instantly rather than waiting for a traditional bank transfer.
No Local ID Needed
Pakistan's financial system requires a CNIC (Computerized National Identity Card) for all banking and financial services, with biometric verification through NADRA. Peanut removes that requirement for verification — recipients will verify with any passport, making it accessible to a broader audience.
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 accesses funds via Raast
The recipient transfers funds through Raast to any participating bank or digital wallet using their mobile number as a Raast ID. Instant settlement.
What the Recipient Will Be Able to Do
Instant Transfers via Raast
Raast connects major Pakistani banks and digital wallets for real-time transfers. Recipients will move funds to HBL, UBL, MCB, Meezan Bank, Allied Bank, or digital wallets like JazzCash and Easypaisa using just a mobile number as their Raast ID. Transfers settle instantly.
Mobile Wallet Access
JazzCash and Easypaisa serve tens of millions of Pakistanis, including many in areas with limited bank branch access. Raast's integration with these wallets means recipients can access funds through the mobile money infrastructure that reaches across the country.
Bank Withdrawal
Direct withdrawal to a Pakistani bank account, converting digital dollars to rupees at the point of transfer. Raast's real-time settlement means seconds instead of days.
Who This Is For
Families Receiving Remittances
Pakistan receives over $30 billion in formal remittances annually. Families depend on this money for daily expenses, education, healthcare, and housing. Traditional services take 5-10% through fees and poor exchange rates — on a $500 monthly transfer, that is $25-$50 that never reaches the family. Peanut's no-fee model means every dollar converts to rupees the family can spend.
Workers in the Gulf
Millions of Pakistani nationals work in the UAE and Saudi Arabia. They send money home through exchange houses that charge fees and use unfavorable rates. Peanut will provide a direct, instant alternative — deposit funds, send to Pakistan, and the family accesses them through Raast in seconds.
Diaspora in the UK and US
The Pakistani diaspora in the UK and US maintains strong financial connections to family at home. Regular transfers for school fees, medical bills, and family support add up. Peanut's competitive rates and zero fees will make every transfer more efficient.
How Much Will It Cost?
Peanut charges no fees on any operation. The exchange rate converts digital dollars directly to PKR at a competitive market rate.
| Service | Fee | Exchange Rate | Recipient Gets |
|---|---|---|---|
| Peanut (planned) | $0 | Market rate | More rupees |
| Wise | ~$3-7 | Mid-market with markup | Less |
| Western Union | $5-15 | Worst rate | Significantly less |
| Traditional hawala | Variable | Variable | Unpredictable |
With PKR depreciation, the exchange rate difference between services translates to meaningful differences in rupees received.
Sending from Specific Countries
Send Money from the UAE to Pakistan
The UAE-Pakistan corridor is one of the largest globally, driven by millions of Pakistani nationals working in Dubai and Abu Dhabi. When Peanut launches, UAE-based senders will deposit funds and send to Pakistan. The recipient accesses funds through Raast instantly — no exchange house visit, no multi-day wait.
Send Money from Saudi Arabia to Pakistan
Saudi Arabia hosts a large Pakistani workforce, making this another major remittance corridor. Senders will deposit funds and have recipients in Pakistan access them in real time through Raast.
Send Money from the United Kingdom to Pakistan
The UK-Pakistan corridor is significant, with a large diaspora. UK senders will deposit via SEPA (free, 90% arrive in under 20 minutes) and send to Pakistan. The recipient accesses funds through Raast instantly.
Send Money from the United States to Pakistan
US-based senders will deposit via ACH (free, 1-3 business days) or digital dollars from an exchange (arrives in minutes). The recipient in Pakistan accesses funds through Raast in real time.
