Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to
Transfer money

Sending money from SOUTH AFRICA to INDIA

Data collected on: Feb 21, 2022-Mar 01, 2022
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
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 (%)
0.17
Percentage difference between market reference rate 4.94 and exchange rate charged 4.930.17
Total cost (%)
1.891.89
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
25.893.78
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
15.762.30
Exchange rate margin (%)
2.11
Percentage difference between market reference rate 4.94 and exchange rate charged 4.832.11
Total cost (%)
3.263.26
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
44.666.52
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
57.508.39
Exchange rate margin (%)
2.05
Percentage difference between market reference rate 4.96 and exchange rate charged 4.862.05
Total cost (%)
6.256.25
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
85.6312.50
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
68.5010.00
Exchange rate margin (%)
1.65
Percentage difference between market reference rate 4.94 and exchange rate charged 4.861.65
Total cost (%)
6.656.65
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
91.1113.30
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
41.106.00
Exchange rate margin (%)
5.04
Percentage difference between market reference rate 4.94 and exchange rate charged 4.695.04
Total cost (%)
8.048.04
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
110.1516.08
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
99.0014.45
Exchange rate margin (%)
2.15
Percentage difference between market reference rate 4.93 and exchange rate charged 4.822.15
Total cost (%)
9.389.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
128.5118.76
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 (%)
2.42
Percentage difference between market reference rate 4.93 and exchange rate charged 4.812.42
Total cost (%)
9.729.72
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
133.1619.44
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 (%)
2.42
Percentage difference between market reference rate 4.93 and exchange rate charged 4.812.42
Total cost (%)
9.729.72
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
133.1619.44
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.60
Exchange rate margin (%)
6.36
Percentage difference between market reference rate 4.92 and exchange rate charged 4.606.36
Total cost (%)
13.6613.66
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
187.1427.32
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
175.5125.62
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.89
Total cost (%)
13.7013.70
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
187.6927.40
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
250.0036.50
Exchange rate margin (%)
2.60
Percentage difference between market reference rate 4.92 and exchange rate charged 4.792.60
Total cost (%)
20.8520.85
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
285.6541.70
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
250.0036.50
Exchange rate margin (%)
2.60
Percentage difference between market reference rate 4.92 and exchange rate charged 4.792.60
Total cost (%)
20.8520.85
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
285.6541.70
Total Average First Quarter
10.3310.33
Total Average Fourth Quarter 2021
10.3910.39
Total Average
Fee
106.7515.58
Exchange Rate Margin (%)
2.542.54
Total Cost Percent (%)
10.3310.33
Total Cost (ZAR) Total Cost (USD)
141.5320.66
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day
Bank account Cash Own/partner bank account
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
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 (%)
0.17
Percentage difference between market reference rate 4.94 and exchange rate charged 4.930.17
Total cost (%)
1.891.89
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
64.459.45
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
39.225.75
Exchange rate margin (%)
2.11
Percentage difference between market reference rate 4.94 and exchange rate charged 4.832.11
Total cost (%)
3.263.26
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
111.1716.30
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
99.0014.52
Exchange rate margin (%)
2.15
Percentage difference between market reference rate 4.93 and exchange rate charged 4.822.15
Total cost (%)
5.055.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
172.2125.25
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 (%)
2.42
Percentage difference between market reference rate 4.93 and exchange rate charged 4.812.42
Total cost (%)
5.355.35
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
182.4426.75
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 (%)
2.42
Percentage difference between market reference rate 4.93 and exchange rate charged 4.812.42
Total cost (%)
5.355.35
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
182.4426.75
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
170.5025.00
Exchange rate margin (%)
1.65
Percentage difference between market reference rate 4.94 and exchange rate charged 4.861.65
Total cost (%)
6.656.65
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
226.7733.25
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
168.5024.71
Exchange rate margin (%)
2.05
Percentage difference between market reference rate 4.96 and exchange rate charged 4.862.05
Total cost (%)
6.996.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
238.3634.95
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
102.3015.00
Exchange rate margin (%)
5.04
Percentage difference between market reference rate 4.94 and exchange rate charged 4.695.04
Total cost (%)
8.048.04
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
274.1640.20
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
280.8241.18
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.89
Total cost (%)
9.139.13
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
311.3345.65
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.66
Exchange rate margin (%)
6.36
Percentage difference between market reference rate 4.92 and exchange rate charged 4.606.36
Total cost (%)
9.299.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
316.7946.45
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
250.0036.66
Exchange rate margin (%)
2.60
Percentage difference between market reference rate 4.92 and exchange rate charged 4.792.60
Total cost (%)
9.939.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
338.6149.65
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
250.0036.66
Exchange rate margin (%)
2.60
Percentage difference between market reference rate 4.92 and exchange rate charged 4.792.60
Total cost (%)
9.939.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
338.6149.65
Total Average First Quarter
6.746.74
Total Average Fourth Quarter 2021
6.456.45
Total Average
Fee
143.2621.01
Exchange Rate Margin (%)
2.542.54
Total Cost Percent (%)
6.746.74
Total Cost (ZAR) Total Cost (USD)
229.7833.69
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day
Bank account Cash Own/partner bank account
Least Costly Corridors To India
Least Costly Corridors From South Africa
      © 2015 The World Bank Group, All Rights Reserved