Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from ITALY to INDIA

Data collected on: Feb 18, 2022-Mar 01, 2022
EUR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (EUR)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.29
Percentage difference between market reference rate 84.49 and exchange rate charged 84.25
0.29
0.290.29
0.410.59
money2India (ICICI Bank)
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
0.000.00
0.68
Percentage difference between market reference rate 88.43 and exchange rate charged 87.83
0.68
0.680.68
0.951.36
money2India (ICICI Bank)
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
0.000.00
0.68
Percentage difference between market reference rate 88.43 and exchange rate charged 87.83
0.68
0.680.68
0.951.36
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.280.40
0.53
Percentage difference between market reference rate 84.51 and exchange rate charged 84.06
0.53
0.730.73
1.021.46
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.75
Percentage difference between market reference rate 84.16 and exchange rate charged 83.53
0.75
0.750.75
1.051.50
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.380.54
0.53
Percentage difference between market reference rate 84.51 and exchange rate charged 84.06
0.53
0.800.80
1.121.60
Poste Italiane via Western Union
Firm type: Money Transfer Operator / Post office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.902.71
0.97
Percentage difference between market reference rate 84.61 and exchange rate charged 83.80
0.97
2.332.33
3.264.66
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.84
1.00
Percentage difference between market reference rate 84.49 and exchange rate charged 83.65
1.00
2.422.42
3.394.84
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.27
0.28
Percentage difference between market reference rate 84.35 and exchange rate charged 84.11
0.28
2.422.42
3.394.84
Poste Italiane via Western Union
Firm type: Money Transfer Operator / Post office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
1.902.71
1.10
Percentage difference between market reference rate 84.73 and exchange rate charged 83.80
1.10
2.462.46
3.444.91
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.27
0.36
Percentage difference between market reference rate 84.35 and exchange rate charged 84.04
0.36
2.492.49
3.494.99
National Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
4.005.71
-0.33
Percentage difference between market reference rate 84.70 and exchange rate charged 84.97
-0.33
2.532.53
3.545.06
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
2.503.57
0.88
Percentage difference between market reference rate 84.43 and exchange rate charged 83.69
0.88
2.662.66
3.725.31
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.84
1.33
Percentage difference between market reference rate 84.52 and exchange rate charged 83.39
1.33
2.752.75
3.855.50
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
2.503.57
1.21
Percentage difference between market reference rate 84.67 and exchange rate charged 83.64
1.21
3.003.00
4.206.00
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.27
0.91
Percentage difference between market reference rate 84.49 and exchange rate charged 83.72
0.91
3.053.05
4.276.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.84
1.78
Percentage difference between market reference rate 84.17 and exchange rate charged 82.67
1.78
3.203.20
4.486.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.907.00
-0.23
Percentage difference between market reference rate 84.44 and exchange rate charged 84.64
-0.23
3.273.27
4.586.54
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
4.706.71
0.23
Percentage difference between market reference rate 84.92 and exchange rate charged 84.72
0.23
3.593.59
5.037.19
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.706.71
0.23
Percentage difference between market reference rate 84.92 and exchange rate charged 84.72
0.23
3.593.59
5.037.19
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.70
0.75
Percentage difference between market reference rate 84.16 and exchange rate charged 83.53
0.75
3.603.60
5.047.20
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
6.008.57
0.48
Percentage difference between market reference rate 84.61 and exchange rate charged 84.20
0.48
4.774.77
6.689.54
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.904.14
3.22
Percentage difference between market reference rate 84.38 and exchange rate charged 81.66
3.22
5.295.29
7.4110.59
Poste Italiane via MoneyGram
Firm type: Money Transfer Operator / Post office
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
Agent
High
8.5012.14
-0.11
Percentage difference between market reference rate 84.69 and exchange rate charged 84.78
-0.11
5.965.96
8.3411.91
Total Average First Quarter
2.642.64
Total Average Fourth Quarter 2021
2.532.53
Total Average
Fee
2.673.81
Exchange Rate Margin (%)
0.730.73
Total Cost Percent (%)
2.642.64
Total Cost (EUR) Total Cost (USD)
3.695.28
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
Kotak Click2Remit
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.29
Percentage difference between market reference rate 84.49 and exchange rate charged 84.25
0.29
0.290.29
1.001.45
money2India (ICICI Bank)
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
0.000.00
0.68
Percentage difference between market reference rate 88.43 and exchange rate charged 87.83
0.68
0.680.68
2.353.41
money2India (ICICI Bank)
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
0.000.00
0.68
Percentage difference between market reference rate 88.43 and exchange rate charged 87.83
0.68
0.680.68
2.353.41
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.691.00
0.53
Percentage difference between market reference rate 84.51 and exchange rate charged 84.06
0.53
0.730.73
2.523.65
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
0.75
Percentage difference between market reference rate 84.16 and exchange rate charged 83.53
0.75
0.750.75
2.593.75
Skrill
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.931.35
0.53
Percentage difference between market reference rate 84.51 and exchange rate charged 84.06
0.53
0.800.80
2.764.00
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.33
0.28
Percentage difference between market reference rate 84.35 and exchange rate charged 84.11
0.28
1.151.15
3.975.75
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.907.10
-0.23
Percentage difference between market reference rate 84.44 and exchange rate charged 84.64
-0.23
1.191.19
4.115.96
Small World
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.994.33
0.36
Percentage difference between market reference rate 84.35 and exchange rate charged 84.04
0.36
1.231.23
4.246.14
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.88
1.00
Percentage difference between market reference rate 84.49 and exchange rate charged 83.65
1.00
1.571.57
5.427.86
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
4.706.81
0.23
Percentage difference between market reference rate 84.92 and exchange rate charged 84.72
0.23
1.601.60
5.528.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
4.706.81
0.23
Percentage difference between market reference rate 84.92 and exchange rate charged 84.72
0.23
1.601.60
5.528.00
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
2.503.62
0.88
Percentage difference between market reference rate 84.43 and exchange rate charged 83.69
0.88
1.601.60
5.528.00
Remitly
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
2.994.33
0.91
Percentage difference between market reference rate 84.49 and exchange rate charged 83.72
0.91
1.781.78
6.148.90
Poste Italiane via Western Union
Firm type: Money Transfer Operator / Post office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.904.20
0.97
Percentage difference between market reference rate 84.61 and exchange rate charged 83.80
0.97
1.811.81
6.249.04
Azimo
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.88
1.33
Percentage difference between market reference rate 84.52 and exchange rate charged 83.39
1.33
1.911.91
6.599.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.995.78
0.75
Percentage difference between market reference rate 84.16 and exchange rate charged 83.53
0.75
1.911.91
6.599.55
Poste Italiane via Western Union
Firm type: Money Transfer Operator / Post office
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
2.904.20
1.10
Percentage difference between market reference rate 84.73 and exchange rate charged 83.80
1.10
1.941.94
6.699.70
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
2.503.62
1.21
Percentage difference between market reference rate 84.67 and exchange rate charged 83.64
1.21
1.941.94
6.699.70
National Exchange Company
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
7.9011.45
-0.33
Percentage difference between market reference rate 84.70 and exchange rate charged 84.97
-0.33
1.961.96
6.769.80
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
1.992.88
1.78
Percentage difference between market reference rate 84.17 and exchange rate charged 82.67
1.78
2.362.36
8.1411.80
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
9.0013.04
0.48
Percentage difference between market reference rate 84.61 and exchange rate charged 84.20
0.48
3.093.09
10.6615.45
Poste Italiane via MoneyGram
Firm type: Money Transfer Operator / Post office
Payment instrument
Access point
Post Office branch
Sending network coverage
High
Receiving method
Agent
High
13.5019.57
-0.11
Percentage difference between market reference rate 84.69 and exchange rate charged 84.78
-0.11
3.803.80
13.1119.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
3.905.65
2.92
Percentage difference between market reference rate 84.38 and exchange rate charged 81.91
2.92
4.054.05
13.9720.25
Total Average First Quarter
1.681.68
Total Average Fourth Quarter 2021
1.561.56
Total Average
Fee
3.334.83
Exchange Rate Margin (%)
0.720.72
Total Cost Percent (%)
1.681.68
Total Cost (EUR) Total Cost (USD)
5.818.42
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Own/partner bank account