Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From KEKenya you can also send money to
Transfer money

Sending money from KENYA to RWANDA

Data collected on: May 21, 2024-May 29, 2024
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 coveragesort descending
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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
207.002.30
Exchange rate margin (%)
3.14
Percentage difference between market reference rate 9.80 and exchange rate charged 9.493.14
Total cost (%)
4.294.29
Total cost (KES)Total cost (USD)
772.208.58
Firm
M-Pesa
Firm type: Mobile Operator
 
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
350.003.89
Exchange rate margin (%)
4.41
Percentage difference between market reference rate 9.92 and exchange rate charged 9.494.41
Total cost (%)
6.356.35
Total cost (KES)Total cost (USD)
1,143.0012.70
Firm
M-Pesa
Firm type: Mobile Operator
 
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
350.003.89
Exchange rate margin (%)
4.41
Percentage difference between market reference rate 9.92 and exchange rate charged 9.494.41
Total cost (%)
6.356.35
Total cost (KES)Total cost (USD)
1,143.0012.70
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
403.004.48
Exchange rate margin (%)
3.95
Percentage difference between market reference rate 9.80 and exchange rate charged 9.413.95
Total cost (%)
6.196.19
Total cost (KES)Total cost (USD)
1,114.2012.38
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
350.003.89
Exchange rate margin (%)
3.47
Percentage difference between market reference rate 9.85 and exchange rate charged 9.513.47
Total cost (%)
5.415.41
Total cost (KES)Total cost (USD)
973.8010.82
Firm
Ecobank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Bank branch
Disbursing network coveragesort descending
Medium
Fee
3,600.0040.00
Exchange rate margin (%)
2.32
Percentage difference between market reference rate 0.01 and exchange rate charged 0.012.32
Total cost (%)
22.3222.32
Total cost (KES)Total cost (USD)
4,017.6044.64
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
207.002.30
Exchange rate margin (%)
1.95
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.95
Total cost (%)
3.103.10
Total cost (KES)Total cost (USD)
558.006.20
Firm
Dahabshiil
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
Low
Fee
414.004.60
Exchange rate margin (%)
1.58
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.58
Total cost (%)
3.883.88
Total cost (KES)Total cost (USD)
698.407.76
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coveragesort descending
Medium
Fee
517.005.74
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 9.82 and exchange rate charged 9.503.20
Total cost (%)
6.076.07
Total cost (KES)Total cost (USD)
1,092.6012.14
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
Medium
Fee
517.005.74
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 9.82 and exchange rate charged 9.503.20
Total cost (%)
6.076.07
Total cost (KES)Total cost (USD)
1,092.6012.14
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coveragesort descending
Medium
Fee
517.005.74
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 9.82 and exchange rate charged 9.503.20
Total cost (%)
6.076.07
Total cost (KES)Total cost (USD)
1,092.6012.14
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
Medium
Fee
517.005.74
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 9.82 and exchange rate charged 9.503.20
Total cost (%)
6.076.07
Total cost (KES)Total cost (USD)
1,092.6012.14
Total Average Second Quarter
6.856.85
Total Average First Quarter
6.376.37
Total Average
Fee
662.427.36
Exchange Rate Margin (%)
3.173.17
Total Cost Percent (%)
6.856.85
Total Cost (KES) Total Cost (USD)
1,232.5513.70
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day 2 days
Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coveragesort descending
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (KES)Total cost (USD)
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
517.505.75
Exchange rate margin (%)
3.14
Percentage difference between market reference rate 9.80 and exchange rate charged 9.493.14
Total cost (%)
4.294.29
Total cost (KES)Total cost (USD)
1,930.5021.45
Firm
M-Pesa
Firm type: Mobile Operator
 
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
500.005.56
Exchange rate margin (%)
4.41
Percentage difference between market reference rate 9.92 and exchange rate charged 9.494.41
Total cost (%)
5.525.52
Total cost (KES)Total cost (USD)
2,484.0027.60
Firm
M-Pesa
Firm type: Mobile Operator
 
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
500.005.56
Exchange rate margin (%)
4.41
Percentage difference between market reference rate 9.92 and exchange rate charged 9.494.41
Total cost (%)
5.525.52
Total cost (KES)Total cost (USD)
2,484.0027.60
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
633.007.03
Exchange rate margin (%)
3.95
Percentage difference between market reference rate 9.80 and exchange rate charged 9.413.95
Total cost (%)
5.365.36
Total cost (KES)Total cost (USD)
2,412.0026.80
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
550.006.11
Exchange rate margin (%)
3.47
Percentage difference between market reference rate 9.85 and exchange rate charged 9.513.47
Total cost (%)
4.694.69
Total cost (KES)Total cost (USD)
2,110.5023.45
Firm
Ecobank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Transfer speed
Receiving method
Bank branch
Disbursing network coveragesort descending
Medium
Fee
3,600.0040.00
Exchange rate margin (%)
2.32
Percentage difference between market reference rate 0.01 and exchange rate charged 0.012.32
Total cost (%)
10.3210.32
Total cost (KES)Total cost (USD)
4,644.0051.60
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
517.505.75
Exchange rate margin (%)
1.95
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.95
Total cost (%)
3.103.10
Total cost (KES)Total cost (USD)
1,395.0015.50
Firm
Dahabshiil
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
Low
Fee
1,035.0011.50
Exchange rate margin (%)
1.58
Percentage difference between market reference rate 0.01 and exchange rate charged 0.011.58
Total cost (%)
3.883.88
Total cost (KES)Total cost (USD)
1,746.0019.40
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coveragesort descending
Medium
Fee
1,297.0014.41
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 9.82 and exchange rate charged 9.503.20
Total cost (%)
6.086.08
Total cost (KES)Total cost (USD)
2,736.0030.40
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
Medium
Fee
1,297.0014.41
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 9.82 and exchange rate charged 9.503.20
Total cost (%)
6.086.08
Total cost (KES)Total cost (USD)
2,736.0030.40
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coveragesort descending
Medium
Fee
1,297.0014.41
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 9.82 and exchange rate charged 9.503.20
Total cost (%)
6.086.08
Total cost (KES)Total cost (USD)
2,736.0030.40
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
Medium
Fee
1,297.0014.41
Exchange rate margin (%)
3.20
Percentage difference between market reference rate 9.82 and exchange rate charged 9.503.20
Total cost (%)
6.086.08
Total cost (KES)Total cost (USD)
2,736.0030.40
Total Average Second Quarter
5.585.58
Total Average First Quarter
5.075.07
Total Average
Fee
1,086.7512.08
Exchange Rate Margin (%)
3.173.17
Total Cost Percent (%)
5.585.58
Total Cost (KES) Total Cost (USD)
2,512.5027.92
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day 2 days
Cash Mobile wallet
Least Costly Corridors To Rwanda
Least Costly Corridors From Kenya
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