Remittance Prices Worldwide

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Transfer money

Sending money from SOUTH-AFRICA to NIGERIA

Data collected on: Jan 16, 2025 - Mar 04, 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
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
Exchange rate margin(%)
-0.40
Percentage difference between market reference rate 82.74 and exchange rate charged 83.08
Total cost (%)
-0.40
Total cost (ZAR)sort descending
-5.48
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
66.00
Exchange rate margin(%)
-0.81
Percentage difference between market reference rate 81.78 and exchange rate charged 82.44
Total cost (%)
4.01
Total cost (ZAR)sort descending
54.94
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
Exchange rate margin(%)
5.19
Percentage difference between market reference rate 80.75 and exchange rate charged 76.56
Total cost (%)
5.19
Total cost (ZAR)sort descending
71.10
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
Exchange rate margin(%)
5.21
Percentage difference between market reference rate 80.77 and exchange rate charged 76.56
Total cost (%)
5.21
Total cost (ZAR)sort descending
71.38
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
Medium 
Fee
Exchange rate margin(%)
5.42
Percentage difference between market reference rate 81.91 and exchange rate charged 77.47
Total cost (%)
5.42
Total cost (ZAR)sort descending
74.25
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
Medium 
Fee
Exchange rate margin(%)
5.46
Percentage difference between market reference rate 81.95 and exchange rate charged 77.47
Total cost (%)
5.46
Total cost (ZAR)sort descending
74.80
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
Medium 
Fee
24.99
Exchange rate margin(%)
5.64
Percentage difference between market reference rate 82.24 and exchange rate charged 77.60
Total cost (%)
7.46
Total cost (ZAR)sort descending
102.20
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
Medium 
Fee
24.99
Exchange rate margin(%)
5.64
Percentage difference between market reference rate 82.24 and exchange rate charged 77.60
Total cost (%)
7.46
Total cost (ZAR)sort descending
102.20
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
Low 
Fee
29.00
Exchange rate margin(%)
5.46
Percentage difference between market reference rate 80.77 and exchange rate charged 76.36
Total cost (%)
7.58
Total cost (ZAR)sort descending
103.85
Firm
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
93.43
Exchange rate margin(%)
2.91
Percentage difference between market reference rate 81.74 and exchange rate charged 79.37
Total cost (%)
9.73
Total cost (ZAR)sort descending
133.30
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
130.00
Exchange rate margin(%)
2.92
Percentage difference between market reference rate 81.75 and exchange rate charged 79.37
Total cost (%)
12.41
Total cost (ZAR)sort descending
170.02
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
68.50
Exchange rate margin(%)
9.65
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
Total cost (%)
14.65
Total cost (ZAR)sort descending
200.71
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
68.50
Exchange rate margin(%)
9.65
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
Total cost (%)
14.65
Total cost (ZAR)sort descending
200.71
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(%)
1.46
Percentage difference between market reference rate 81.47 and exchange rate charged 80.29
Total cost (%)
17.08
Total cost (ZAR)sort descending
234.00
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(%)
1.46
Percentage difference between market reference rate 81.47 and exchange rate charged 80.29
Total cost (%)
17.08
Total cost (ZAR)sort descending
234.00
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(%)
1.46
Percentage difference between market reference rate 81.47 and exchange rate charged 80.29
Total cost (%)
17.08
Total cost (ZAR)sort descending
234.00
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(%)
3.14
Percentage difference between market reference rate 81.29 and exchange rate charged 78.74
Total cost (%)
18.98
Total cost (ZAR)sort descending
260.03
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(%)
3.32
Percentage difference between market reference rate 81.44 and exchange rate charged 78.74
Total cost (%)
19.16
Total cost (ZAR)sort descending
262.49
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
230.00
Exchange rate margin(%)
2.92
Percentage difference between market reference rate 81.75 and exchange rate charged 79.37
Total cost (%)
19.71
Total cost (ZAR)sort descending
270.03
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
230.00
Exchange rate margin(%)
2.92
Percentage difference between market reference rate 81.75 and exchange rate charged 79.37
Total cost (%)
19.71
Total cost (ZAR)sort descending
270.03
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
450.00
Exchange rate margin(%)
1.79
Percentage difference between market reference rate 82.11 and exchange rate charged 80.64
Total cost (%)
34.64
Total cost (ZAR)sort descending
474.57
Total Average First Quarter 2025
12.49
Total Average Fourth Quarter 2024
13.01
Total Average
Fee
118.64
Exchange Rate Margin (%)
3.83
Total Cost Percent (%)
12.49
Total Cost (ZAR)
171.10
Non-Transparent records
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