Updated October 13, 2026 · VaultCue Editorial Team
Kuda vs Yape
Kuda
Yape
Higher score in this comparison
What sets them apart
| Compare | KudaReviewSee alternativesSee alternatives | YapeReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | NGN 0 | PEN 0 |
| Transfer fee | Kuda-to-Kuda unlimited and free; 25 free transfers to other banks each month, then NGN 10 per transfer | Free (0) to send a Yape payment; remittance receiving also free |
| Currency conversion fee | Not confirmed | 0% |
| Currencies | Not confirmed | 2 |
| Free ATM withdrawals | NGN 0 | Not confirmed |
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Key differences
- Support channels: only Kuda offers Email, Chat, Phone.
- Features: only Kuda offers Free ATM.
- Features: only Yape offers Digital only.
Our verdict on each
Kuda
Kuda is a digital bank built for Nigerians that combines everyday spending, automatic savings with goals, bill payments and US stock investment in one app. It suits people in Nigeria who want mobile control over spending, saving and borrowing without visiting a branch.
Yape
Yape suits people in Peru who want a wallet for everyday payments and money sent home, not a multi-currency account. The monthly fee is PEN 0 and the currency conversion fee is 0%, so the cost is hard to argue with, but the offer is thin at 2 currencies.
Score breakdown
| Area | Kuda | Yape |
|---|---|---|
| Cost | Not confirmed | 9.6Monthly fee of PEN 0, a currency conversion fee of 0% and free transfers on a single-currency wallet. |
| Offer | Not confirmed | 8.3Covers 2 currencies, pays out to the wallet only and runs as a digital-only service. |
How they place
| Ranking | Kuda | Yape |
|---|---|---|
| Money transfer services | 974 of 1564 | 240 of 1564 |
Every fact side by side
| Fact | Kuda | Yape |
|---|---|---|
| Audience | Business, Freelancer | Not confirmed |
| Pricing model | No monthly fee | No monthly fee |
| Features | Free ATM | Digital only |
| Legal entity | Kuda Microfinance Bank Limited | Not confirmed |
| Headquarters | Nigeria | Not confirmed |
| Support channels | Email, Chat, Phone, Help centreCovers more | Help centre |
Savings
| Fact | Kuda | Yape |
|---|---|---|
| Headline rate | 20% | Not confirmed |
| Rate type | Fixed | Not confirmed |
| Term | 3 months | Not confirmed |
| Minimum deposit | NGN 100,000 to NGN 5,000,000 | Not confirmed |
| Access terms | Locked for the full 3-month term, no early withdrawal | Not confirmed |
| Account kind | Fixed | Not confirmed |
Money transfer
| Fact | Kuda | Yape |
|---|---|---|
| Delivery time | Usually minutes; NIBSS confirmation responses arrive one minute apart | Instant, credited directly to the Yape wallet |
| Payout methods | Bank, Card | Wallet |
| Fee to send 1,000 | NGN 0 | PEN 0 |
Where each stands against the rest
| Fact | Kuda | Yape | Median |
|---|---|---|---|
| Currency conversion fee | Not confirmed | 0%below the median | 0.5% |
| Currencies | Not confirmed | 2lowest quarter | 5 |
Median across 536 listed accounts.
Pros and cons
Kuda
Pros
- Account opening in minutes with physical or virtual debit cards for spending
- Automatic Spend+Save tool with personal goals and clear spending insights
- Covers airtime, internet data, electricity meters and gift cards in one place
Cons
- Designed around Nigerian networks and providers, limiting use elsewhere
- Operates as a digital only bank without a branch network for in person help
Yape
Pros
- Monthly fee of PEN 0 on the everyday account
- Currency conversion fee of 0%, top of the multi-currency table
- Sending a Yape payment and receiving a remittance are both free
Cons
- Only 2 currencies, near the bottom of the multi-currency table
- Payouts run to the wallet only, so money cannot be withdrawn to a bank account
- Support runs on help centre only, with no phone or email line
Who each suits
Kuda
Who it suits
- Nigerian residents managing spending, savings and bills by phone
- Savers who prefer automatic tools and defined goals
- Beginners seeking mobile access to US stocks and overdrafts
Who should look elsewhere
- People outside Nigeria needing local banking access
- Customers who prefer face to face branch service
Yape
Who it suits
- People living in Peru paying everyday bills from a phone
- Family members abroad sending remittances to a Yape wallet
- Anyone who wants to receive money without opening a bank account
Who should look elsewhere
- PayPal Colombia or Skrill if you hold money in several currencies
- eToro if you want a card account that pays out to a bank
- Anyone who needs help by phone, since support runs on help centre only
Current offers
Kuda
Current offer
Bonus
Kuda Premium Locked Savings: 20% p.a. for 3 months: 20% per year for 3 months
Kuda Premium customers only; limited availability
Source, checked September 26, 2026
Yape
Current offer
Discount code
Hasta 50% de descuento en electrodomésticos en Yape Tienda: Up to 50% off appliances
Source, checked September 26, 2026
Country by country
| Country | Kuda | Yape |
|---|---|---|
| Nigeria | Yes | No |
| Peru | No | Yes |
Questions about each
Kuda
Who can open a Kuda account?+
Kuda is built for Nigerians who want to manage spending, saving and borrowing from a phone. Opening happens in minutes through the app and provides access to payments, savings tools and cards. Applicants need to meet Nigerian identification requirements for a digital bank account.
What products does Kuda cover for everyday money management?+
Kuda covers sending money, scheduling payments, scanning to pay and spending with physical or virtual debit cards. It also supports automatic Spend+Save, savings goals, overdraft access, US stock investment and insights for better money decisions. Bill payments include airtime, internet data and electricity meter recharges.
Yape
How much does a Yape account cost to keep?+
The monthly fee on the everyday account is PEN 0. Sending a Yape payment carries no charge, and receiving a remittance is free as well, so the everyday cost of running the wallet is close to nothing.
What does it cost to change currency in a Yape wallet?+
The currency conversion fee is 0%, which sits at the top of the multi-currency ranking. The catch is that Yape only holds 2 currencies, so a wider currency basket is not available here.
Other options to compare
Other matchups
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Kuda
Yape