Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to INDIA

Data collected on: Feb 21, 2024-Mar 01, 2024
ZAR | 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 (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.
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.002.92
2.92
Percentage difference between market reference rate 4.39 and exchange rate charged 4.26
2.92
4.384.38
60.018.76
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
20.002.92
2.92
Percentage difference between market reference rate 4.39 and exchange rate charged 4.26
2.92
4.384.38
60.018.76
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.002.92
2.92
Percentage difference between market reference rate 4.39 and exchange rate charged 4.26
2.92
4.384.38
60.018.76
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.09
Percentage difference between market reference rate 4.33 and exchange rate charged 4.24
2.09
7.097.09
97.1314.18
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.09
Percentage difference between market reference rate 4.33 and exchange rate charged 4.24
2.09
7.097.09
97.1314.18
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.09
Percentage difference between market reference rate 4.33 and exchange rate charged 4.24
2.09
7.097.09
97.1314.18
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
99.0014.45
1.90
Percentage difference between market reference rate 4.30 and exchange rate charged 4.22
1.90
9.139.13
125.0818.26
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
99.0014.45
1.90
Percentage difference between market reference rate 4.30 and exchange rate charged 4.22
1.90
9.139.13
125.0818.26
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
95.0013.87
4.55
Percentage difference between market reference rate 4.33 and exchange rate charged 4.14
4.55
11.4811.48
157.2822.96
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
95.0013.87
4.55
Percentage difference between market reference rate 4.33 and exchange rate charged 4.14
4.55
11.4811.48
157.2822.96
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
0.87
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.87
17.2017.20
235.6434.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.98
17.3117.31
237.1534.62
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.98
17.3117.31
237.1534.62
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
223.7432.66
2.58
Percentage difference between market reference rate 4.33 and exchange rate charged 4.22
2.58
18.9118.91
259.0737.82
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
2.58
Percentage difference between market reference rate 4.33 and exchange rate charged 4.22
2.58
18.9118.91
259.0737.82
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
387.5056.57
2.62
Percentage difference between market reference rate 4.38 and exchange rate charged 4.27
2.62
30.9030.90
423.3361.80
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
387.5056.57
2.62
Percentage difference between market reference rate 4.38 and exchange rate charged 4.27
2.62
30.9030.90
423.3361.80
Total Average First Quarter
13.3613.36
Total Average Fourth Quarter 2023
11.8311.83
Total Average
Fee
149.8421.87
Exchange Rate Margin (%)
2.422.42
Total Cost Percent (%)
13.3613.36
Total Cost (ZAR) Total Cost (USD)
182.9926.71
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.002.93
2.92
Percentage difference between market reference rate 4.39 and exchange rate charged 4.26
2.92
3.513.51
119.6917.55
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
20.002.93
2.92
Percentage difference between market reference rate 4.39 and exchange rate charged 4.26
2.92
3.513.51
119.6917.55
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20.002.93
2.92
Percentage difference between market reference rate 4.39 and exchange rate charged 4.26
2.92
3.513.51
119.6917.55
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
99.0014.52
1.90
Percentage difference between market reference rate 4.30 and exchange rate charged 4.22
1.90
4.804.80
163.6824.00
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
99.0014.52
1.90
Percentage difference between market reference rate 4.30 and exchange rate charged 4.22
1.90
4.804.80
163.6824.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.09
Percentage difference between market reference rate 4.33 and exchange rate charged 4.24
2.09
7.097.09
241.7735.45
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.09
Percentage difference between market reference rate 4.33 and exchange rate charged 4.24
2.09
7.097.09
241.7735.45
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.09
Percentage difference between market reference rate 4.33 and exchange rate charged 4.24
2.09
7.097.09
241.7735.45
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
95.0013.93
4.55
Percentage difference between market reference rate 4.33 and exchange rate charged 4.14
4.55
7.347.34
250.2936.70
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
95.0013.93
4.55
Percentage difference between market reference rate 4.33 and exchange rate charged 4.14
4.55
7.347.34
250.2936.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
313.2345.93
0.87
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.87
10.0610.06
343.0550.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
313.2345.93
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.98
10.1710.17
346.8050.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
313.2345.93
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.98
10.1710.17
346.8050.85
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
290.8642.65
2.58
Percentage difference between market reference rate 4.33 and exchange rate charged 4.22
2.58
11.1111.11
378.8555.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
290.8642.65
2.58
Percentage difference between market reference rate 4.33 and exchange rate charged 4.22
2.58
11.1111.11
378.8555.55
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
387.5056.82
2.62
Percentage difference between market reference rate 4.38 and exchange rate charged 4.27
2.62
13.9813.98
476.7269.90
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
387.5056.82
2.62
Percentage difference between market reference rate 4.38 and exchange rate charged 4.27
2.62
13.9813.98
476.7269.90
Total Average First Quarter
8.048.04
Total Average Fourth Quarter 2023
7.127.12
Total Average
Fee
191.5228.08
Exchange Rate Margin (%)
2.422.42
Total Cost Percent (%)
8.048.04
Total Cost (ZAR) Total Cost (USD)
274.1240.19
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Own/partner bank account