Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Transfer money

Sending money from RWANDA to KENYA

Data collected on: Feb 17, 2025 - Feb 21, 2025
RWF | 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 (RWF)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
Agent
Disbursing network coverage
High 
Fee
8.00
Exchange rate margin(%)
5.65
Percentage difference between market reference rate 129.20 and exchange rate charged 121.89
Total cost (%)
9.65
Total cost (RWF)sort descending
19.30
Firm
Ecobank RapidCash
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
1,700.00
Exchange rate margin(%)
3.03
Percentage difference between market reference rate 0.09 and exchange rate charged 0.09
Total cost (%)
4.16
Total cost (RWF)sort descending
6240.00
Firm
Ecobank RapidCash
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
1,700.00
Exchange rate margin(%)
3.38
Percentage difference between market reference rate 0.09 and exchange rate charged 0.09
Total cost (%)
4.51
Total cost (RWF)sort descending
6765.00
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
5,000.00
Exchange rate margin(%)
3.05
Percentage difference between market reference rate 0.09 and exchange rate charged 0.09
Total cost (%)
6.38
Total cost (RWF)sort descending
9570.00
Firm
MTN Mobile Money
Firm type: Mobile Operator
 
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
2,000.00
Exchange rate margin(%)
5.66
Percentage difference between market reference rate 0.09 and exchange rate charged 0.09
Total cost (%)
6.99
Total cost (RWF)sort descending
10485.00
Firm
BPR Bank Rwanda PLC
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
49,504.78
Exchange rate margin(%)
13.17
Percentage difference between market reference rate 0.09 and exchange rate charged 0.08
Total cost (%)
46.17
Total cost (RWF)sort descending
69255.00
Firm
BPR Bank Rwanda PLC
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
49,504.78
Exchange rate margin(%)
13.17
Percentage difference between market reference rate 0.09 and exchange rate charged 0.08
Total cost (%)
46.17
Total cost (RWF)sort descending
69255.00
Total Average First Quarter 2025
17.72
Total Average Fourth Quarter 2024
15.57
Total Average
Fee
15,631.08
Exchange Rate Margin (%)
6.73
Total Cost Percent (%)
17.72
Total Cost (RWF)
24,512.76
Non-Transparent records
Cash Bank account transfer Mobile money
Less than one hour
Cash Bank account Mobile wallet Own/partner bank account
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