Remittance Prices Worldwide

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Sending money from MALAYSIA to INDIA

Data collected on: Jul 08, 2025 - Sep 04, 2025
MYR | 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 (MYR)sort descending
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
Disbursing network coverage
High 
Fee
5.00
Exchange rate margin(%)
0.42
Percentage difference between market reference rate 20.60 and exchange rate charged 20.52
Total cost (%)
1.24
Total cost (MYR)sort descending
7.56
Firm
Wise
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
9.62
Exchange rate margin(%)
0.00
Percentage difference between market reference rate 20.64 and exchange rate charged 20.64
Total cost (%)
1.58
Total cost (MYR)sort descending
9.62
Firm
IME (International Money Express)
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
0.13
Percentage difference between market reference rate 20.68 and exchange rate charged 20.65
Total cost (%)
1.77
Total cost (MYR)sort descending
10.79
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
10.00
Exchange rate margin(%)
0.20
Percentage difference between market reference rate 20.86 and exchange rate charged 20.82
Total cost (%)
1.84
Total cost (MYR)sort descending
11.22
Firm
India International Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
High 
Transfer speed
Receiving method
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
0.24
Percentage difference between market reference rate 20.85 and exchange rate charged 20.80
Total cost (%)
1.88
Total cost (MYR)sort descending
11.46
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
0.26
Percentage difference between market reference rate 20.60 and exchange rate charged 20.55
Total cost (%)
1.90
Total cost (MYR)sort descending
11.59
Firm
MoneyMatch Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
8.00
Exchange rate margin(%)
0.63
Percentage difference between market reference rate 20.60 and exchange rate charged 20.47
Total cost (%)
1.94
Total cost (MYR)sort descending
11.84
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
10.00
Exchange rate margin(%)
0.36
Percentage difference between market reference rate 20.82 and exchange rate charged 20.75
Total cost (%)
2.00
Total cost (MYR)sort descending
12.20
Firm
E-remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
12.00
Exchange rate margin(%)
0.11
Percentage difference between market reference rate 20.22 and exchange rate charged 20.20
Total cost (%)
2.08
Total cost (MYR)sort descending
12.67
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
15.00
Exchange rate margin(%)
0.35
Percentage difference between market reference rate 20.82 and exchange rate charged 20.75
Total cost (%)
2.81
Total cost (MYR)sort descending
17.14
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
5.00
Exchange rate margin(%)
2.51
Percentage difference between market reference rate 20.60 and exchange rate charged 20.08
Total cost (%)
3.33
Total cost (MYR)sort descending
20.31
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
5.00
Exchange rate margin(%)
2.51
Percentage difference between market reference rate 20.60 and exchange rate charged 20.08
Total cost (%)
3.33
Total cost (MYR)sort descending
20.31
Firm
ValYou
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
High 
Fee
12.00
Exchange rate margin(%)
1.73
Percentage difference between market reference rate 20.81 and exchange rate charged 20.45
Total cost (%)
3.70
Total cost (MYR)sort descending
22.55
Firm
Max Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
10.00
Exchange rate margin(%)
2.26
Percentage difference between market reference rate 20.63 and exchange rate charged 20.16
Total cost (%)
3.90
Total cost (MYR)sort descending
23.79
Firm
Max Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
10.00
Exchange rate margin(%)
2.26
Percentage difference between market reference rate 20.63 and exchange rate charged 20.16
Total cost (%)
3.90
Total cost (MYR)sort descending
23.79
Firm
Maybank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
2.90
Percentage difference between market reference rate 20.60 and exchange rate charged 20.00
Total cost (%)
4.54
Total cost (MYR)sort descending
27.69
Firm
KL Remit Xchange
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
High 
Fee
10.00
Exchange rate margin(%)
13.30
Percentage difference between market reference rate 20.64 and exchange rate charged 17.90
Total cost (%)
14.94
Total cost (MYR)sort descending
91.13
Total Average Third Quarter 2025
3.33
Total Average Second Quarter 2025
0
Total Average
Fee
9.51
Exchange Rate Margin (%)
1.77
Total Cost Percent (%)
3.33
Total Cost (MYR)
20.33
Non-Transparent records
Cash Bank account transfer Debit card
Less than one hour 2 days 3-5 days Next day Same day
Cash Bank account Own/partner bank account
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