Send Money to Nigeria with Peanut — Coming Soon
Send digital dollars to anyone in Nigeria today, free and instant. Local naira payout is on the roadmap.
Send Money to Nigeria with Peanut — Coming Soon
You can send digital dollars to anyone in Nigeria today using a Peanut Link. The recipient claims the money into their own Peanut account instantly and can hold it in dollars or withdraw to an external wallet. What comes next is local payout: converting that balance to naira inside Peanut is planned but not yet live.
Nigeria receives approximately $20 billion in remittances every year, making it Africa's largest recipient, with the United Kingdom and the United States as the top source countries. Traditional services charge 5-10% in combined fees and exchange rate markups on some corridors. Sending digital dollars with Peanut costs nothing on either end.
What You Can Do Today
Send Digital Dollars, Free
Peanut charges nothing on deposits or transfers. Fund your account from a UK bank via Faster Payments or SEPA, from a US bank via ACH, or with USDC or USDT from any major exchange. Sending to the recipient is free, and the money arrives the moment they claim the link.
The Recipient Holds Digital Dollars
There is no naira conversion inside Peanut yet. The recipient keeps a digital dollar balance, which they can hold or withdraw to any external wallet. If they prefer naira in a Nigerian bank account today, they would need to convert outside Peanut. Naira payout inside the app is planned.
How Peanut Compares on Cost
Traditional remittance channels to Nigeria carry real costs:
- Wise: 0.4-1.5% in charges per transfer
- PayPal: 3-4% cross-border fee, plus an exchange rate markup
- Western Union: $5-$15+ flat fee per transfer, plus a 5-10% rate markup on some corridors
Peanut charges no fees to deposit, send, or receive. When naira conversion launches, it will use the real market rate, always shown before you confirm.
How It Works Today
- 1
Sign up and verify your identity
Create a Peanut account and verify with a passport or national ID card from any country. It usually takes about two minutes.
- 2
Deposit funds
From a UK bank via Faster Payments or SEPA, from a US bank via ACH, or send USDC or USDT from any major exchange or wallet. All deposits are free.
- 3
Share a Peanut Link
Send the link to anyone in Nigeria. They claim the funds into their own Peanut account instantly.
- 4
Recipient holds or withdraws
The recipient keeps a digital dollar balance and can withdraw it to any external wallet whenever they want.
What Is Coming: Local Payout
Airtel Money
Airtel Money is one of Nigeria's mobile money providers, enabling P2P transfers, bill payments, and merchant transactions. The wider ecosystem includes MTN MoMo, OPay, PalmPay, and Paga. Airtel Money integration is planned as part of Peanut's local spending launch in Nigeria. There is no launch date yet; when it goes live, recipients will be able to spend their balance in naira at the real market rate.
Key Corridors
Send Money from the United Kingdom to Nigeria
The UK-to-Nigeria corridor is one of the busiest remittance routes globally. UK-based senders deposit in GBP via Faster Payments or in EUR via SEPA, both free, and send digital dollars to Nigeria with a Peanut Link today.
Send Money from the United States to Nigeria
US senders deposit via ACH (free, 1-3 business days) or with digital dollars from an exchange (free, arrives in minutes), then send with a Peanut Link. The recipient claims instantly.
FAQ
Can I send money to Nigeria with Peanut today?+
Yes. You can send digital dollars to anyone in Nigeria using a Peanut Link right now. The recipient claims the funds instantly into their own Peanut account.
Can the recipient withdraw to a Nigerian bank account?+
Not yet. Today the recipient holds digital dollars and can withdraw them to any external wallet. Naira payout inside Peanut, including mobile money, is planned but not live.
How much does it cost to send money to Nigeria with Peanut?+
Nothing. Deposits, sending, and receiving are all free. Traditional services charge 0.4% to 10% depending on the provider and corridor.
How long does it take?+
Peanut-to-Peanut transfers are instant. Digital dollar deposits arrive in minutes, SEPA deposits take under 20 minutes for 90% of users, and ACH takes 1-3 business days.
Will the recipient need a BVN?+
No. Verification works with a passport or national ID card from any country and usually takes about two minutes.
What payment methods are planned for Nigeria?+
Airtel Money integration is planned as part of the local spending launch. Announcements will come when it is live; there is no date yet.
