{"id":1078506,"date":"2026-06-01T13:37:46","date_gmt":"2026-06-01T17:37:46","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=1078506"},"modified":"2026-06-01T13:37:46","modified_gmt":"2026-06-01T17:37:46","slug":"pesa-review","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/international-money-transfers\/pesa-review","title":{"rendered":"Pesa Review: A Legit Contender for Money Transfers?"},"content":{"rendered":"

What is Pesa?<\/h3>

Pesa, formerly known as Pesapeer, is an international money transfer app that lets you send money in 15 currencies to bank accounts or mobile wallets in 40+ countries. Pesa doesn\u2019t charge any transfer fees, but instead makes a profit on the exchange rate markup (the difference between the mid-market exchange rate and the exchange rate you get for your transaction).<\/p>

In addition to transfers, Pesa also offers a multi-currency wallet that lets you hold funds in 6 currencies: CAD, USD, EUR, GBP, NGN and GHS.<\/p>

Is Pesa legitimate in Canada?<\/h3>

Yes, Pesa is a legit money transfer app. It\u2019s registered as a Money Services Business in Canada with FINTRAC, while it is also regulated in the USA, the UK and Australia.<\/p>

A closer look at the pros and cons<\/h3>
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Pros<\/h4>\n
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  • Transfer funds to 40+ countries.<\/strong> You can use the Pesa app to send money to dozens of countries across Africa, Europe and Asia, as well as to the US and UK.<\/li>\n
  • No transfer fees.<\/strong> We like the fact that Pesa doesn't charge any fees for international money transfers.<\/li>\n
  • Competitive rates.<\/strong> Pesa offers competitive exchange rates when you send money to popular transfer destinations like India, Nigeria and the Philippines.<\/li>\n
  • Fast transfers.<\/strong> Your recipient will receive the money you send in a matter of seconds in most cases.<\/li>\n <\/ul>\n <\/div>\n \n
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    Cons<\/h4>\n
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    • Higher markups.<\/strong> We discovered that higher exchange rate markups apply when you send money to lower-volume transfer destinations, so you may need to compare quotes with other transfer apps to see if a better rate is available elsewhere.<\/li>\n
    • Some customer complaints.<\/strong> Some Trustpilot reviewers complain about slow or delayed transfers.<\/li>\n
    • Not suitable for large transfers.<\/strong> Pesa's maximum daily transfer limit is $5,000. You'll need to look elsewhere if you want to send a large transfer.<\/li>\n
    • Limited currencies.<\/strong> Other apps support a wider range of currencies and transfer destinations than Pesa.<\/li>\n <\/ul>\n <\/div>\n <\/div>\n

      Alternatives<\/h3>