Remittance Prices Worldwide

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Sending money from SOUTH-AFRICA to INDIA

Data collected on: Jan 16, 2025 - Feb 21, 2025
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 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
Agent
Disbursing network coverage
High 
Fee
54.80
Exchange rate margin(%)
0.21
Percentage difference between market reference rate 4.72 and exchange rate charged 4.71
Total cost (%)
4.21
Total cost (ZAR)sort descending
57.68
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
20.00
Exchange rate margin(%)
2.87
Percentage difference between market reference rate 4.73 and exchange rate charged 4.59
Total cost (%)
4.33
Total cost (ZAR)sort descending
59.32
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
20.00
Exchange rate margin(%)
3.00
Percentage difference between market reference rate 4.72 and exchange rate charged 4.58
Total cost (%)
4.46
Total cost (ZAR)sort descending
61.10
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
39.99
Exchange rate margin(%)
2.38
Percentage difference between market reference rate 4.72 and exchange rate charged 4.61
Total cost (%)
5.30
Total cost (ZAR)sort descending
72.61
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
39.99
Exchange rate margin(%)
2.38
Percentage difference between market reference rate 4.72 and exchange rate charged 4.61
Total cost (%)
5.30
Total cost (ZAR)sort descending
72.61
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
49.00
Exchange rate margin(%)
1.75
Percentage difference between market reference rate 4.69 and exchange rate charged 4.61
Total cost (%)
5.33
Total cost (ZAR)sort descending
73.02
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
49.00
Exchange rate margin(%)
1.75
Percentage difference between market reference rate 4.69 and exchange rate charged 4.61
Total cost (%)
5.33
Total cost (ZAR)sort descending
73.02
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
47.80
Exchange rate margin(%)
2.93
Percentage difference between market reference rate 4.71 and exchange rate charged 4.57
Total cost (%)
6.42
Total cost (ZAR)sort descending
87.95
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
68.50
Exchange rate margin(%)
2.01
Percentage difference between market reference rate 4.69 and exchange rate charged 4.59
Total cost (%)
7.01
Total cost (ZAR)sort descending
96.04
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
68.50
Exchange rate margin(%)
2.01
Percentage difference between market reference rate 4.69 and exchange rate charged 4.59
Total cost (%)
7.01
Total cost (ZAR)sort descending
96.04
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
68.50
Exchange rate margin(%)
2.26
Percentage difference between market reference rate 4.60 and exchange rate charged 4.50
Total cost (%)
7.26
Total cost (ZAR)sort descending
99.46
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
214.02
Exchange rate margin(%)
0.93
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
Total cost (%)
16.55
Total cost (ZAR)sort descending
226.74
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
214.02
Exchange rate margin(%)
0.93
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
Total cost (%)
16.55
Total cost (ZAR)sort descending
226.74
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
214.02
Exchange rate margin(%)
0.93
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
Total cost (%)
16.55
Total cost (ZAR)sort descending
226.74
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
217.03
Exchange rate margin(%)
2.64
Percentage difference between market reference rate 4.68 and exchange rate charged 4.56
Total cost (%)
18.48
Total cost (ZAR)sort descending
253.18
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
217.03
Exchange rate margin(%)
2.93
Percentage difference between market reference rate 4.70 and exchange rate charged 4.56
Total cost (%)
18.77
Total cost (ZAR)sort descending
257.15
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
356.85
Exchange rate margin(%)
-1.94
Percentage difference between market reference rate 4.73 and exchange rate charged 4.82
Total cost (%)
24.11
Total cost (ZAR)sort descending
330.31
Firm
State Bank of India
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
387.50
Exchange rate margin(%)
-1.94
Percentage difference between market reference rate 4.73 and exchange rate charged 4.82
Total cost (%)
26.34
Total cost (ZAR)sort descending
360.86
Total Average First Quarter 2025
11.07
Total Average Fourth Quarter 2024
10.52
Total Average
Fee
130.36
Exchange Rate Margin (%)
1.56
Total Cost Percent (%)
11.07
Total Cost (ZAR)
151.70
Non-Transparent records
Cash Bank account transfer Debit card Credit Card
2 days Same day Less than one hour
Bank account Cash Own/partner bank account
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