Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From KEKenya you can also send money to

Sending money from KENYA to TANZANIA

Data collected on: Feb 17, 2022-Mar 08, 2022
KES | 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 (KES)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.
M-Pesa
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Agent
High
350.003.89
0.01
Percentage difference between market reference rate 20.34 and exchange rate charged 20.34
0.01
1.961.96
352.803.92
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
216.002.40
3.19
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
3.19
4.394.39
790.208.78
Ecobank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Low
300.003.33
4.58
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.58
6.246.24
1,123.2012.48
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
420.004.67
3.94
Percentage difference between market reference rate 20.35 and exchange rate charged 19.55
3.94
6.276.27
1,128.6012.54
UBA Africash
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Medium
684.007.60
3.35
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
3.35
7.157.15
1,287.0014.30
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet, Bank branch
Sending network coverage
High
Receiving method
Bank branch
Medium
540.006.00
4.58
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.58
7.587.58
1,364.4015.16
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Internet, Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
600.006.67
4.84
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.84
8.188.18
1,472.4016.36
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet, Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
1.08
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.08
11.0811.08
1,994.4022.16
GT Bank
Firm type: Bank
Payment instrument
Access point
Internet, Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
3.44
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
3.44
13.4413.44
2,419.2026.88
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Internet, Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
2,454.0027.27
1.08
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.08
14.7114.71
2,647.8029.42
KCB Bank
Firm type: Bank
Payment instrument
Access point
Internet, Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
2,400.0026.67
4.58
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.58
17.9117.91
3,223.8035.82
Total Average First Quarter
8.998.99
Total Average Fourth Quarter 2021
10.7210.72
Total Average
Fee
1,051.2711.68
Exchange Rate Margin (%)
3.153.15
Total Cost Percent (%)
8.998.99
Total Cost (KES) Total Cost (USD)
1,618.5317.98
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day 2 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
M-Pesa
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Agent
High
500.005.56
0.01
Percentage difference between market reference rate 20.34 and exchange rate charged 20.34
0.01
1.131.13
508.505.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
540.006.00
3.19
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
3.19
4.394.39
1,975.5021.95
ABC Bank
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet, Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
1.08
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.08
5.085.08
2,286.0025.40
Ecobank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Low
300.003.33
4.58
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.58
5.245.24
2,358.0026.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
660.007.33
3.94
Percentage difference between market reference rate 20.35 and exchange rate charged 19.55
3.94
5.415.41
2,434.5027.05
UBA Africash
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Bank branch
Medium
1,170.0013.00
3.35
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
3.35
5.955.95
2,677.5029.75
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Internet, Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
600.006.67
4.84
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.84
6.186.18
2,781.0030.90
Development Bank of Kenya
Firm type: Bank
Payment instrument
Access point
Internet, Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
2,535.0028.17
1.08
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.08
6.716.71
3,019.5033.55
GT Bank
Firm type: Bank
Payment instrument
Access point
Internet, Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
1,800.0020.00
3.44
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
3.44
7.447.44
3,348.0037.20
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet, Bank branch
Sending network coverage
High
Receiving method
Bank branch
Medium
1,320.0014.67
4.58
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.58
7.517.51
3,379.5037.55
KCB Bank
Firm type: Bank
Payment instrument
Access point
Internet, Bank branch, Call Center
Sending network coverage
High
Receiving method
Medium
2,400.0026.67
4.58
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
4.58
9.919.91
4,459.5049.55
Total Average First Quarter
5.905.90
Total Average Fourth Quarter 2021
7.077.07
Total Average
Fee
1,238.6413.76
Exchange Rate Margin (%)
3.153.15
Total Cost Percent (%)
5.905.90
Total Cost (KES) Total Cost (USD)
2,657.0529.52
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day 2 days
Bank account Cash Mobile wallet