Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to CHINA

Data collected on: Feb 22, 2022-Mar 01, 2022
ZAR | USD
Payment instrument
Access point
Sending network coverage
Transfer speedsort descending
<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 (ZAR)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
175.5125.62
0.89
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.89
13.7013.70
187.6927.40
EcoCash Remit
Firm type: Mobile Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
23.633.45
0.55
Percentage difference between market reference rate 0.42 and exchange rate charged 0.42
0.55
2.282.28
31.244.56
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
2.94
Percentage difference between market reference rate 0.41 and exchange rate charged 0.40
2.94
10.2410.24
140.2920.48
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
3.00
Percentage difference between market reference rate 0.41 and exchange rate charged 0.40
3.00
10.3010.30
141.1120.60
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
3.00
Percentage difference between market reference rate 0.41 and exchange rate charged 0.40
3.00
10.3010.30
141.1120.60
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
41.996.13
2.74
Percentage difference between market reference rate 0.42 and exchange rate charged 0.41
2.74
5.815.81
79.6011.62
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
435.0063.50
4.73
Percentage difference between market reference rate 0.42 and exchange rate charged 0.40
4.73
36.4936.49
499.9172.98
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
41.106.00
1.02
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.02
4.024.02
55.078.04
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
317.0046.28
4.48
Percentage difference between market reference rate 0.42 and exchange rate charged 0.40
4.48
27.6227.62
378.3955.24
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
329.0048.03
2.19
Percentage difference between market reference rate 0.42 and exchange rate charged 0.41
2.19
26.2126.21
359.0852.42
Total Average First Quarter
14.7014.70
Total Average Fourth Quarter 2021
14.6814.68
Total Average
Fee
166.3224.28
Exchange Rate Margin (%)
2.552.55
Total Cost Percent (%)
14.7014.70
Total Cost (ZAR) Total Cost (USD)
201.3529.39
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
317.0046.48
4.48
Percentage difference between market reference rate 0.42 and exchange rate charged 0.40
4.48
13.7713.77
469.5668.85
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
329.0048.24
2.19
Percentage difference between market reference rate 0.42 and exchange rate charged 0.41
2.19
11.8411.84
403.7459.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
280.8241.18
0.89
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.89
9.139.13
311.3345.65
EcoCash Remit
Firm type: Mobile Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
58.828.62
0.55
Percentage difference between market reference rate 0.42 and exchange rate charged 0.42
0.55
2.282.28
77.7511.40
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
2.94
Percentage difference between market reference rate 0.41 and exchange rate charged 0.40
2.94
5.875.87
200.1729.35
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
3.00
Percentage difference between market reference rate 0.41 and exchange rate charged 0.40
3.00
5.945.94
202.5529.70
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
3.00
Percentage difference between market reference rate 0.41 and exchange rate charged 0.40
3.00
5.945.94
202.5529.70
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
41.996.16
2.74
Percentage difference between market reference rate 0.42 and exchange rate charged 0.41
2.74
3.973.97
135.3819.85
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
435.0063.78
4.73
Percentage difference between market reference rate 0.42 and exchange rate charged 0.40
4.73
17.4917.49
596.4187.45
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
102.3015.00
1.02
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.02
4.024.02
137.0820.10
Total Average First Quarter
8.038.03
Total Average Fourth Quarter 2021
8.748.74
Total Average
Fee
186.4927.35
Exchange Rate Margin (%)
2.552.55
Total Cost Percent (%)
8.038.03
Total Cost (ZAR) Total Cost (USD)
273.6540.12
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet