Pesa Launches Zero-Fee Transfers from Australia to Nigeria

Pesa, a global cross-border financial platform, has expanded into Australia, launching a service that allows transfers from Australian dollars (AUD) to Nigerian naira (NGN) without any transfer fees. This initiative aims to support African diaspora communities, including professionals and students in major cities such as Sydney, Melbourne, Perth, and Brisbane.

Pesa received registration as an Independent Remittance Dealer from the Australian Transaction Reports and Analysis Centre (AUSTRAC) in July 2025. By integrating directly with local Australian dollar payment infrastructure, Pesa reduces reliance on correspondent banking networks, enabling it to avoid intermediary bank deductions and offer customers zero transfer fees.

Users can view the applicable exchange rate and the exact amount their recipient will receive in naira. The service addresses the high remittance costs to sub-Saharan Africa, which averaged 8.37% in the second quarter of 2024, exceeding the United Nations Sustainable Development Goal target of 3%.