Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to
Transfer money

Sending money from SOUTH AFRICA to CHINA

Data collected on: Feb 20, 2023-Feb 28, 2023
ZAR | 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 (ZAR)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.
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
41.996.13
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.88
Total cost (%)
5.945.94
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
81.3811.88
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
41.996.13
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.88
Total cost (%)
5.945.94
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
81.3811.88
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
41.996.13
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.88
Total cost (%)
5.945.94
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
81.3811.88
Firm
EcoCash Remit
Firm type: Mobile Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
23.633.45
Exchange rate margin (%)
5.01
Percentage difference between market reference rate 0.38 and exchange rate charged 0.365.01
Total cost (%)
6.736.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
92.2013.46
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.60
Exchange rate margin (%)
2.94
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.94
Total cost (%)
10.2410.24
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
140.2920.48
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.60
Exchange rate margin (%)
2.97
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.97
Total cost (%)
10.2710.27
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
140.7020.54
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
100.0014.60
Exchange rate margin (%)
3.02
Percentage difference between market reference rate 0.38 and exchange rate charged 0.373.02
Total cost (%)
10.3210.32
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
141.3820.64
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
180.6726.38
Exchange rate margin (%)
1.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.35
Total cost (%)
14.5414.54
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
199.2029.08
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
180.6726.38
Exchange rate margin (%)
1.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.35
Total cost (%)
14.5414.54
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
199.2029.08
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
186.3327.20
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
14.5714.57
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
199.6129.14
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
186.3327.20
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
14.5714.57
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
199.6129.14
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
186.3327.20
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
14.5714.57
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
199.6129.14
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
361.9052.83
Exchange rate margin (%)
1.66
Percentage difference between market reference rate 0.38 and exchange rate charged 0.371.66
Total cost (%)
28.0828.08
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
384.7056.16
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
390.0056.93
Exchange rate margin (%)
4.32
Percentage difference between market reference rate 0.38 and exchange rate charged 0.364.32
Total cost (%)
32.7932.79
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
449.2265.58
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
435.0063.50
Exchange rate margin (%)
4.81
Percentage difference between market reference rate 0.38 and exchange rate charged 0.364.81
Total cost (%)
36.5636.56
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
500.8773.12
Total Average First Quarter
15.0415.04
Total Average Fourth Quarter 2022
14.7514.75
Total Average
Fee
170.4624.88
Exchange Rate Margin (%)
2.602.60
Total Cost Percent (%)
15.0415.04
Total Cost (ZAR) Total Cost (USD)
206.0530.08
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
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
41.996.16
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.88
Total cost (%)
4.114.11
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
140.1520.55
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
41.996.16
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.88
Total cost (%)
4.114.11
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
140.1520.55
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
41.996.16
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.88
Total cost (%)
4.114.11
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
140.1520.55
Firm
EcoCash Remit
Firm type: Mobile Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
58.828.62
Exchange rate margin (%)
2.53
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.53
Total cost (%)
4.254.25
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
144.9321.25
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.66
Exchange rate margin (%)
2.94
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.94
Total cost (%)
5.875.87
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
200.1729.35
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.66
Exchange rate margin (%)
2.97
Percentage difference between market reference rate 0.38 and exchange rate charged 0.372.97
Total cost (%)
5.905.90
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
201.1929.50
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
100.0014.66
Exchange rate margin (%)
3.02
Percentage difference between market reference rate 0.38 and exchange rate charged 0.373.02
Total cost (%)
5.955.95
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
202.9029.75
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
234.8734.44
Exchange rate margin (%)
1.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.35
Total cost (%)
8.248.24
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
280.9841.20
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
234.8734.44
Exchange rate margin (%)
1.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.35
Total cost (%)
8.248.24
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
280.9841.20
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
260.8638.25
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
8.628.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
293.9443.10
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
260.8638.25
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
8.628.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
293.9443.10
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
260.8638.25
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
8.628.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
293.9443.10
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
361.9053.06
Exchange rate margin (%)
1.66
Percentage difference between market reference rate 0.38 and exchange rate charged 0.371.66
Total cost (%)
12.2712.27
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
418.4161.35
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
390.0057.18
Exchange rate margin (%)
4.32
Percentage difference between market reference rate 0.38 and exchange rate charged 0.364.32
Total cost (%)
15.7615.76
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
537.4278.80
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
435.0063.78
Exchange rate margin (%)
4.81
Percentage difference between market reference rate 0.38 and exchange rate charged 0.364.81
Total cost (%)
17.5717.57
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
599.1487.85
Total Average First Quarter
8.158.15
Total Average Fourth Quarter 2022
8.148.14
Total Average
Fee
194.9328.58
Exchange Rate Margin (%)
2.432.43
Total Cost Percent (%)
8.158.15
Total Cost (ZAR) Total Cost (USD)
277.8940.75
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash Mobile wallet
Least Costly Corridors To China
Least Costly Corridors From South Africa
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