Remittance Prices Worldwide

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Sending money from KENYA to TANZANIA

Data collected on: Feb 17, 2025 - Feb 21, 2025
KES | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
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 (KES)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
M-Pesa
Firm type: Mobile Operator
 
Payment instrument
Access point
Mobile phone
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
350.00
Exchange rate margin(%)
0.04
Percentage difference between market reference rate 20.15 and exchange rate charged 20.15
Total cost (%)
1.98
Total cost (KES)sort descending
356.40
Firm
M-Pesa
Firm type: Mobile Operator
 
Payment instrument
Access point
Mobile phone
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
350.00
Exchange rate margin(%)
0.04
Percentage difference between market reference rate 20.15 and exchange rate charged 20.15
Total cost (%)
1.98
Total cost (KES)sort descending
356.40
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
207.00
Exchange rate margin(%)
1.81
Percentage difference between market reference rate 20.15 and exchange rate charged 19.79
Total cost (%)
2.96
Total cost (KES)sort descending
532.80
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
403.00
Exchange rate margin(%)
2.11
Percentage difference between market reference rate 20.02 and exchange rate charged 19.60
Total cost (%)
4.35
Total cost (KES)sort descending
783.00
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
517.50
Exchange rate margin(%)
1.85
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
4.73
Total cost (KES)sort descending
851.40
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
517.50
Exchange rate margin(%)
1.85
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
4.73
Total cost (KES)sort descending
851.40
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
517.50
Exchange rate margin(%)
1.85
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
4.73
Total cost (KES)sort descending
851.40
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
517.50
Exchange rate margin(%)
1.85
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
4.73
Total cost (KES)sort descending
851.40
Firm
UBA Africash
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
656.00
Exchange rate margin(%)
1.77
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
5.41
Total cost (KES)sort descending
973.80
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
403.00
Exchange rate margin(%)
5.37
Percentage difference between market reference rate 20.10 and exchange rate charged 19.02
Total cost (%)
7.61
Total cost (KES)sort descending
1369.80
Firm
GT Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
1,800.00
Exchange rate margin(%)
1.77
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
11.77
Total cost (KES)sort descending
2118.60
Firm
GT Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
1,800.00
Exchange rate margin(%)
1.77
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
11.77
Total cost (KES)sort descending
2118.60
Firm
GT Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
1,800.00
Exchange rate margin(%)
1.77
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
11.77
Total cost (KES)sort descending
2118.60
Firm
ABC Bank
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
1,800.00
Exchange rate margin(%)
1.85
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
11.85
Total cost (KES)sort descending
2133.00
Firm
ABC Bank
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
1,800.00
Exchange rate margin(%)
1.85
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
11.85
Total cost (KES)sort descending
2133.00
Firm
ABC Bank
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
1,800.00
Exchange rate margin(%)
1.85
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
11.85
Total cost (KES)sort descending
2133.00
Firm
KCB Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
2,400.00
Exchange rate margin(%)
0.28
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
13.61
Total cost (KES)sort descending
2449.80
Firm
KCB Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
2,400.00
Exchange rate margin(%)
0.48
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
13.81
Total cost (KES)sort descending
2485.80
Firm
KCB Bank
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
2,400.00
Exchange rate margin(%)
0.48
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
13.81
Total cost (KES)sort descending
2485.80
Firm
Development Bank of Kenya
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
2,454.00
Exchange rate margin(%)
5.72
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
19.35
Total cost (KES)sort descending
3483.00
Firm
Development Bank of Kenya
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
2,454.00
Exchange rate margin(%)
5.72
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
19.35
Total cost (KES)sort descending
3483.00
Firm
Development Bank of Kenya
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
2,454.00
Exchange rate margin(%)
5.72
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
19.35
Total cost (KES)sort descending
3483.00
Firm
United Bank for Africa (UBA)
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
3,168.00
Exchange rate margin(%)
1.77
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
19.37
Total cost (KES)sort descending
3486.60
Firm
United Bank for Africa (UBA)
Firm type: Bank
 
Payment instrument
Access point
Call Center
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
3,168.00
Exchange rate margin(%)
1.77
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
19.37
Total cost (KES)sort descending
3486.60
Firm
United Bank for Africa (UBA)
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
3,168.00
Exchange rate margin(%)
1.81
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
19.41
Total cost (KES)sort descending
3493.80
Firm
Ecobank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low 
Fee
6,078.90
Exchange rate margin(%)
1.58
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
Total cost (%)
35.35
Total cost (KES)sort descending
6363.00
Total Average First Quarter 2025
11.80
Total Average Fourth Quarter 2024
11.04
Total Average
Fee
1,745.53
Exchange Rate Margin (%)
2.11
Total Cost Percent (%)
11.80
Total Cost (KES)
2,124.35
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