Pesa review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Pesa is a virtual multi-currency card for businesses that pay suppliers abroad, and it charges a currency conversion fee of 0%. The only regular charge is a monthly fee of $1, which keeps the running cost simple for teams that convert money most weeks.
Key facts
- Best for
- Businesses wanting a virtual card with no conversion charge.
- Monthly fee
- $1↗
- Currency conversion fee
- 0%↗
- Card type
- Virtual↗
- Currencies
- 6↗
- Legal entity
- Pesapeer Inc↗
- Headquarters
- Canada↗
- Support channels
- Help-centre, Chat, Email↗
- Features
- Multi-currency, Virtual card
- Audience
- Business
- Official website
- pesa.co
Facts checked September 26, 2026, 4 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Currency conversion fee of 0% for changing between the supported currencies
- Multi-currency accounts holding 6 currencies
- A virtual card rather than a plastic one, so nothing arrives in the post
- Registered with FINTRAC, FinCEN, the FCA and AUSTRAC
Cons
- A monthly fee of $1 applies, where Wise and Monzo Flex run a monthly fee of £0 and £0
- Support runs on help centre, chat and email only
- Aimed at business users, so personal banking sits outside its scope
Who it suits
- Businesses paying suppliers in several currencies
- Teams that want a single virtual card for expenses
- Anyone who wants to avoid conversion charges
Who should look elsewhere
- Personal banking, where Monzo Flex and Wise serve individuals
- Anyone wanting no monthly charge, since $1 applies
- Shoppers who want a plastic card, as Pesa issues a virtual one
How your money is protected
Pesa holds registrations in each of its main markets. In Canada it is registered with the Financial Transactions and Reports Analysis Centre of Canada under M20300281, in the US with the Financial Crimes Enforcement Network under NMLS 2796311 / Rn 31000315905794, in the UK with the Financial Conduct Authority under FRN 931425 and in Australia with the Australian Transaction Reports and Analysis Centre under IND100859468-001.
Fees
The account carries a monthly fee of $1. Currency conversion is charged at 0%, so changing between the supported currencies does not take a cut from the amount you send. For a business paying several suppliers in different currencies, the monthly charge is the main standing cost, and it is small next to what a percentage on every conversion would add.
How Pesa compares
9.1 vs 9.4
9.1 vs 9.0
9.1 vs 8.2
9.1 vs 9.5
9.1 vs 9.6
9.1 vs 9.0
9.1 vs 9.1Its monthly fee is €0, and it pairs the card with crypto trading in the same place.
9.1 vs 8.9
9.1 vs 8.1
9.1 vs 8.2
9.1 vs 9.5
9.1 vs 9.4
9.1 vs 9.2
9.1 vs 9.1
9.1 vs 9.0
9.1 vs 8.9- 9.1 vs 8.8
9.1 vs 8.8
9.1 vs 8.6
9.1 vs 8.5
9.1 vs 8.3
Where Pesa is available
- Available
- Australia, Benin, Cameroon, Canada, Côte d'Ivoire, Ghana, India, Nigeria, Philippines, Rwanda, Senegal, Tanzania, Togo, Uganda, United Arab Emirates, United Kingdom, United States
- Licence in Canada
- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) (M20300281), checked September 26, 2026
- Licence in United States
- Financial Crimes Enforcement Network (FinCEN) (NMLS 2796311 / Rn 31000315905794), checked September 26, 2026
- Licence in United Kingdom
- Financial Conduct Authority (FCA) (FRN 931425), checked September 26, 2026
- Licence in Australia
- Australian Transaction Reports and Analysis Centre (AUSTRAC) (IND100859468-001), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Pesa cost each month?+
Pesa charges a monthly fee of $1 for the account. That is the only standing charge, and there is no free tier to fall back on. Budget it against what you would pay for a multi-currency business card elsewhere, especially if you convert money every week.
Is there a currency conversion fee at Pesa?+
The currency conversion fee is 0%. That means no cut is taken when you change between the supported currencies, so the amount a supplier receives matches what the account holds. It is the number that matters most when you invoice in several currencies.
What kind of card does Pesa issue?+
Pesa issues a virtual card rather than a plastic one, so there is nothing to wait for in the post. Keep the card details somewhere safe and add them to online payments. It suits businesses that buy software, subscriptions and travel online.
How many currencies can I hold with Pesa?+
Pesa supports 6 currencies, and the account is built as a multi-currency wallet. You add the currencies your suppliers invoice in, hold a balance in each, and pay from the one that suits the bill. That keeps conversion out of the everyday payment flow.
Is Pesa regulated?+
Pesa is registered with the Financial Transactions and Reports Analysis Centre of Canada as M20300281, the Financial Crimes Enforcement Network in the US as NMLS 2796311 / Rn 31000315905794, the Financial Conduct Authority in the UK as FRN 931425 and the Australian Transaction Reports and Analysis Centre as IND100859468-001.
Who is Pesa built for?+
Pesa is aimed at business users, so freelancers, agencies and small companies are the natural fit. The account assumes you pay suppliers and staff rather than managing personal bills. For a personal current account, Monzo Flex and Wise serve individuals with a monthly fee of £0 and £0.
How do I reach Pesa support?+
Support runs through help centre, chat and email. That is a help centre for the common questions, live chat for quick answers and email for anything longer. There is no phone line listed, so keep your card details to hand if you need to write in.
Who runs Pesa?+
Pesa is operated by Pesapeer Inc, a company headquartered in Canada. Its registrations sit with the Canadian and US authorities as well as the UK and Australia, which is why the same account can serve a business with suppliers in several markets.
Sources
- pesa.co checked September 26, 2026
Backs: Audience, Features, Headquarters, Legal entity, Licences
“Business”
- pesa.co/frequently-asked-questions checked September 26, 2026
Backs: Card type, Currency conversion fee, Support channels
“A Pesa Virtual Card is a digital USD card that enables you to make international online payments securely from Nigeria.”
- pesa.co/frequently-asked-questions/pricing-and-cost checked September 26, 2026
Backs: Monthly fee
“There will be no maintenance fee for the first 3 months. After 3 months, the Pesa Virtual Card has a maintenance fee of $1.”
- pesa.co/frequently-asked-questions/which-currencies-can-i... checked September 26, 2026
Backs: Currencies
“You can currently add and use wallets in: USD, GBP, EUR, CAD, AED, NGN”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.