Send Money to Colombia with Peanut — Coming Soon
Peanut is expanding to Colombia. Soon you'll send money and have recipients spend locally via Transfiya — no fees, no Cedula de Extranjeria needed.
Send Money to Colombia with Peanut — Coming Soon
Peanut is expanding to Colombia. Soon you will be able to send money to anyone in Colombia and have them spend locally using Transfiya, Colombia's real-time payment network. The recipient will not need a Cedula de Extranjeria or a Colombian bank account to receive and spend money. Just a passport and the Peanut app.
Colombia is a growing hub for digital nomads, with Medellin, Bogota, and Cartagena attracting remote workers from around the world. It is also a major remittance destination, with workers in the United States and Spain sending money to family back home. Traditional services charge steep fees on these transfers and take days to settle. Peanut is building a direct path from your dollars to Colombian pesos — through the same local payment infrastructure Colombians already use.
Why Peanut Will Be the Best Way to Send Money to Colombia
No Fees
Peanut charges nothing on deposits, transfers, or spending. That model will carry over to Colombia. 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 Colombia will be free. Here is what the alternatives currently charge:
- 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
For families sending money regularly, those fees compound quickly. A $500 monthly transfer through Western Union could cost $60-$100+ per year in fees alone.
Better Exchange Rate
Peanut's exchange rate model converts digital dollars directly to local currency at the market rate, bypassing the markups that traditional providers embed in their rates. While the exact rate mechanism for COP is still being finalized, the approach is the same one that already delivers significant savings in Argentina and Brazil. The Colombian peso operates under a managed float regime, and exchange rates can fluctuate — making the conversion rate especially important for larger transfers.
Instant Local Spending
Once Peanut launches in Colombia, recipients will be able to spend immediately using Transfiya — Colombia's expanding real-time payment network inspired by Brazil's Pix. Instead of waiting days for an international bank transfer to clear, the recipient will open the Peanut app and make instant transfers to any participating bank or wallet. The money arrives in seconds, not days.
Transfiya is integrated with major Colombian financial institutions including Bancolombia, Davivienda (Daviplata), Nequi, and Banco de Bogota. The system uses phone numbers as identifiers, so the recipient does not need to share bank account details — just their mobile number.
No Local ID Required
Full banking access in Colombia requires a Cedula de Extranjeria (foreigner ID card), which is only available to residents with a valid visa. Without it, foreigners are stuck with credit cards and cash — both expensive for cross-border money movement. Peanut will remove that barrier. Recipients will verify with any passport or national ID card from any country. No Cedula, no Colombian bank account, no residency required.
Info
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 Cedula de Extranjeria required.
- 2
Deposit funds
Fund your account using the method that fits your location. US users will deposit via ACH (free, 1-3 business days) or send digital dollars from an exchange. European users will use SEPA bank transfer (free, 90% under 20 minutes). 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. If you are the one traveling to Colombia, skip this step and spend directly from your own account.
- 4
Recipient spends locally via Transfiya
The recipient opens the Peanut app and makes instant transfers to any Transfiya-connected bank or wallet. Funds arrive in seconds using the recipient's mobile number as the identifier. The recipient can also transfer to Nequi or Daviplata for QR payments at merchants.
What the Recipient Will Be Able to Do
Transfiya Instant Transfers
Transfiya is Colombia's real-time payment network, operated by ACH Colombia. It enables instant transfers between bank accounts and mobile wallets using just a phone number — no account numbers needed. When Peanut integrates with Transfiya, recipients will be able to move money instantly to:
- Bancolombia accounts
- Daviplata (Davivienda's mobile wallet)
- Nequi (Bancolombia's digital wallet with 40M+ users)
- Banco de Bogota and other participating institutions
Nequi and Daviplata are Colombia's two dominant mobile wallets. Both accept QR payments at a growing number of merchants — from restaurants and shops to supermarkets and convenience stores. By connecting to Transfiya, the recipient gains access to Colombia's entire connected financial ecosystem.
Bank Withdrawal
Recipients will also be able to withdraw their Peanut balance to a local Colombian bank account for rent, utilities, and other recurring payments.
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 Colombia spending integration launches.
Key Corridors
Send Money from the United States to Colombia
The US-to-Colombia corridor is one of the busiest remittance routes in the Americas. Workers in the US send money to family in Colombia regularly, and tourists visit Cartagena, Medellin, and Bogota in growing numbers. 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 Colombia will spend immediately via Transfiya — no visiting a Western Union branch, no waiting days for a bank transfer to arrive.
Digital nomads in Medellin and Bogota will benefit especially. Colombia's digital nomad visa makes long-term stays accessible, but banking access without a Cedula remains a challenge. Peanut solves that with passport-only verification and direct access to local payment systems.
Send Money from Spain to Colombia
Spain and Colombia share strong cultural and linguistic ties, driving a steady flow of tourism and family remittances. Spanish senders will deposit via SEPA bank transfer (free, 90% under 20 minutes) and send to recipients in Colombia who spend via Transfiya. The SEPA deposit lands fast, and the recipient spends instantly — a dramatically better experience than traditional wire transfers.
Deposit and Withdrawal — Available Today
While spending in Colombia via Transfiya is coming soon, deposit and withdrawal functionality is already live. Users in Colombia can:
- Deposit via digital dollars (USDC, USDT, or DAI) on any supported network
- Withdraw to any external wallet or hold a digital dollar balance
- Send and receive between Peanut accounts instantly
Create your account now, fund it, and hold a digital dollar balance. When Transfiya spending launches, you will be ready to spend from day one.
