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M-Pesa vs Nequi
M-Pesa and Nequi are both payment receiving platforms. Fees — M-Pesa: Free deposits, tiered P2P and agent withdrawal fees. Nequi: No maintenance fee, free withdrawals at Bancolombia.
Updated · from each platform’s published fees and payout terms · how we verify
Key differences
- Fees — M-Pesa: Free deposits, tiered P2P and agent withdrawal fees. Nequi: No maintenance fee, free withdrawals at Bancolombia.
- Both pay out via Bank transfer. Only M-Pesa offers Cash agents. Only Nequi offers ATM and correspondent agents.
- M-Pesa is the older platform — founded in 2007, 9 years before Nequi (2016).
- M-Pesa is based in Kenya, Nequi in Colombia.
Which should you choose?
Choose M-Pesa if…
- You want to withdraw via Cash agents.
- You prefer a long track record (since 2007).
Choose Nequi if…
- You want to withdraw via ATM and correspondent agents.
Side by side
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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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Nequi
A Colombian digital wallet where users receive payments, transfer, and pay merchants.
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|---|---|---|
| Type | Payment receiving like Payoneer | Payment receiving like Payoneer |
| Category | Payments | Payments |
| Vetted | No | No |
| Work from home | No | No |
| Fees | Free deposits, tiered P2P and agent withdrawal fees | No maintenance fee, free withdrawals at Bancolombia |
| Withdraw via | Cash agents, Bank transfer | ATM, correspondent agents, bank transfer |
| Availability | Kenya + 7 African markets | Colombia |
| Local to | Kenya, Tanzania | Colombia |
| Founded | 2007 | 2016 |
| Headquarters | Nairobi, Kenya | Medellin, Colombia |
| Popularity | 54 views · 0 likes | 45 views · 0 likes |
Frequently asked questions
Which is cheaper, M-Pesa or Nequi?
M-Pesa: Free deposits, tiered P2P and agent withdrawal fees. Nequi: No maintenance fee, free withdrawals at Bancolombia.
Where are M-Pesa and Nequi available?
M-Pesa: Kenya + 7 African markets. Nequi: Colombia.