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: Aug 25, 2022-Aug 30, 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 (%)
1.38
Percentage difference between market reference rate 4.75 and exchange rate charged 4.691.38
Total cost (%)
3.103.10
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
42.476.20
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
0.000.00
Exchange rate margin (%)
3.28
Percentage difference between market reference rate 4.73 and exchange rate charged 4.573.28
Total cost (%)
3.283.28
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
44.946.56
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
3.28
Percentage difference between market reference rate 4.73 and exchange rate charged 4.573.28
Total cost (%)
3.283.28
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
44.946.56
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
0.000.00
Exchange rate margin (%)
4.26
Percentage difference between market reference rate 4.73 and exchange rate charged 4.534.26
Total cost (%)
4.264.26
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
58.368.52
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 (%)
1.78
Percentage difference between market reference rate 4.68 and exchange rate charged 4.601.78
Total cost (%)
5.985.98
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
81.9311.96
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
41.106.00
Exchange rate margin (%)
3.76
Percentage difference between market reference rate 4.75 and exchange rate charged 4.573.76
Total cost (%)
6.766.76
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
92.6113.52
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 (%)
1.86
Percentage difference between market reference rate 4.75 and exchange rate charged 4.661.86
Total cost (%)
6.866.86
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
93.9813.72
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 (%)
1.84
Percentage difference between market reference rate 4.75 and exchange rate charged 4.661.84
Total cost (%)
9.079.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
124.2618.14
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
195.0028.47
Exchange rate margin (%)
0.99
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.99
Total cost (%)
15.2215.22
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
208.5130.44
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 (%)
2.49
Percentage difference between market reference rate 4.75 and exchange rate charged 4.632.49
Total cost (%)
20.7420.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
284.1441.48
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 (%)
2.49
Percentage difference between market reference rate 4.75 and exchange rate charged 4.632.49
Total cost (%)
20.7420.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
284.1441.48
Total Average Third Quarter 2022
9.039.03
Total Average Second Quarter 2022
10.1510.15
Total Average
Fee
89.5213.07
Exchange Rate Margin (%)
2.492.49
Total Cost Percent (%)
9.039.03
Total Cost (ZAR) Total Cost (USD)
123.6618.05
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 2 days 6 days or more
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 (%)
1.38
Percentage difference between market reference rate 4.75 and exchange rate charged 4.691.38
Total cost (%)
3.103.10
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
105.7115.50
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
0.000.00
Exchange rate margin (%)
3.28
Percentage difference between market reference rate 4.73 and exchange rate charged 4.573.28
Total cost (%)
3.283.28
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
111.8516.40
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
3.28
Percentage difference between market reference rate 4.73 and exchange rate charged 4.573.28
Total cost (%)
3.283.28
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
111.8516.40
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
0.000.00
Exchange rate margin (%)
3.79
Percentage difference between market reference rate 4.73 and exchange rate charged 4.553.79
Total cost (%)
3.793.79
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
129.2418.95
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 (%)
1.84
Percentage difference between market reference rate 4.75 and exchange rate charged 4.661.84
Total cost (%)
4.744.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
161.6323.70
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 (%)
1.78
Percentage difference between market reference rate 4.68 and exchange rate charged 4.601.78
Total cost (%)
6.726.72
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
229.1533.60
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
102.3015.00
Exchange rate margin (%)
3.76
Percentage difference between market reference rate 4.75 and exchange rate charged 4.573.76
Total cost (%)
6.766.76
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
230.5233.80
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 (%)
1.86
Percentage difference between market reference rate 4.75 and exchange rate charged 4.661.86
Total cost (%)
6.866.86
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
233.9334.30
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 (%)
2.49
Percentage difference between market reference rate 4.75 and exchange rate charged 4.632.49
Total cost (%)
9.829.82
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
334.8649.10
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 (%)
2.49
Percentage difference between market reference rate 4.75 and exchange rate charged 4.632.49
Total cost (%)
9.829.82
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
334.8649.10
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
312.0045.75
Exchange rate margin (%)
0.99
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.99
Total cost (%)
10.1310.13
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
345.4350.65
Total Average Third Quarter 2022
6.216.21
Total Average Second Quarter 2022
6.636.63
Total Average
Fee
128.2818.81
Exchange Rate Margin (%)
2.452.45
Total Cost Percent (%)
6.216.21
Total Cost (ZAR) Total Cost (USD)
211.7331.05
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 2 days 6 days or more
Bank account Cash Own/partner bank account
Least Costly Corridors To India
Least Costly Corridors From South Africa
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