Pesa launches in Australia with remittance service to Nigeria

Pesa has expanded into Australia, where it is now offering cross-border transfers to Nigeria with upfront exchange rates, no transfer fees and faster delivery for migrants, students and families. The launch adds another regulated market for the financial platform as it prepares to roll out more products across borders.

Why it matters: - Pesa’s Australia launch gives international communities a new regulated payment route between Australia and Nigeria. - The service targets people who face high fees, slow transfers and unclear exchange rates when sending money home. - The platform is designed for international students, working professionals and global families.

What happened: - Pesa launched its services in Australia on October 7, 2026. - The company is registered with AUSTRAC as an Independent Remittance Dealer, with authorization secured in July 2025. - Pesa is integrating directly with local Australian Dollar payment infrastructure. - The service is available for transfers from Australia to Nigeria.

The details: - Pesa says its model bypasses legacy correspondent banking networks. - The platform is built to remove hidden exchange rate markups. - Customers can complete their profile on a mobile phone in under two minutes. - Transfers from AUD to Nigerian naira show upfront exchange rates at checkout. - Pesa says recipients receive the exact amount shown at checkout. - The service includes zero transfer fees. - Pesa operates under AUSTRAC AML/CTF compliance standards. - The company said AUSTRAC authorization was an essential step before opening in Australia. - Pesa is headquartered in Mississauga, Ontario. - The company operates in Canada, the United States, the United Kingdom, Australia, Nigeria and select European markets. - Pesa says customers can send money to more than 40 countries worldwide.

Between the lines: - Australia has a large Nigeria-born population that may be a natural fit for the service. - Australian Bureau of Statistics Census data shows more than 12,883 Nigeria-born residents in Australia. - The largest concentrations are in Greater Sydney at 24.4%, Greater Melbourne at 18.9%, Greater Perth at 11.8% and Greater Brisbane at 10.1%. - Pesa is positioning itself as a broader financial home for people who live and work across borders. - The launch signals a push to compete on transparency and speed rather than marketing-heavy promises. - CEO Tolu Osho said the platform is meant to help customers sending money for tuition, family care and personal projects. - Head of Compliance James Miller said the approved framework and local network access are meant to keep transfers safe and fast.

What's next: - Pesa plans to add multi-currency accounts in future phases. - The company also plans to launch Pesa Cards for global spending. - Pesa Stash, a targeted savings product, is also on the roadmap. - Business transfer options are coming in later phases. - The company directs customers to learn more or download the app on iOS and Android.

The bottom line: - Pesa is betting that transparent pricing, regulatory approval and faster transfers will help it win international customers in Australia.