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bunq vs M-Pesa
bunq and M-Pesa are both payment receiving platforms. On a $1,000 payment you keep about $1,000 on bunq and $1,000 on M-Pesa, before withdrawal or currency-conversion costs.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- On a $1,000 payment you keep about $1,000 on bunq and $1,000 on M-Pesa, before withdrawal or currency-conversion costs.
- Both pay out via Bank transfer. Only bunq offers debit card and ATM. Only M-Pesa offers Cash agents.
- M-Pesa is the older platform — founded in 2007, 5 years before bunq (2012).
- bunq is based in Netherlands, M-Pesa in Kenya.
Which should you choose?
Choose bunq if…
- You want to withdraw via debit card and ATM.
Choose M-Pesa if…
- You want to withdraw via Cash agents.
- You prefer a long track record (since 2007).
Side by side
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bunq
Mobile business account popular with Dutch freelancers for receiving payments.
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M-Pesa
The mobile money system that runs East Africa - anyone with a SIM card can receive payments, and small busines…
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|---|---|---|
| Type | Payment receiving like Payoneer | Payment receiving like Payoneer |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | Yes | No |
| Fees | Free plan, paid plans ~EUR 3-19/mo | Free deposits, tiered P2P and agent withdrawal fees |
| Withdraw via | SEPA bank transfer, debit card, ATM | Cash agents, Bank transfer |
| Availability | EU/EEA + UK | Kenya + 7 African markets |
| Local to | Netherlands | Kenya, Tanzania |
| Founded | 2012 | 2007 |
| Headquarters | Amsterdam, Netherlands | Nairobi, Kenya |
| Popularity | 47 views · 0 likes | 54 views · 0 likes |
Frequently asked questions
Which is cheaper, bunq or M-Pesa?
On a $1,000 payment you keep about $1,000 on bunq and $1,000 on M-Pesa, before withdrawal or currency-conversion costs.
Where are bunq and M-Pesa available?
bunq: EU/EEA + UK. M-Pesa: Kenya + 7 African markets.