Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to NIGERIA

Data collected on: May 22, 2023-Jun 06, 2023
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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
24.003.50
2.44
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.44
4.194.19
57.408.38
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
24.003.50
2.44
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.44
4.194.19
57.408.38
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
24.003.50
2.44
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.44
4.194.19
57.408.38
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
30.004.38
2.44
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.44
4.634.63
63.439.26
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
30.004.38
2.44
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.44
4.634.63
63.439.26
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
30.004.38
2.44
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.44
4.634.63
63.439.26
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
66.009.64
9.17
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
9.17
13.9913.99
191.6627.98
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
66.009.64
9.18
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
9.18
14.0014.00
191.8028.00
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
86.2512.59
2.79
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.79
9.099.09
124.5318.18
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
86.2512.59
2.79
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.79
9.099.09
124.5318.18
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
100.0014.60
4.94
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
4.94
12.2412.24
167.6924.48
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
2.82
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.82
10.1210.12
138.6420.24
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
2.91
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.91
10.2110.21
139.8820.42
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
195.1528.49
1.40
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.40
15.6415.64
214.2731.28
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
195.1528.49
1.40
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.40
15.6415.64
214.2731.28
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
198.9029.04
0.79
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.79
15.3115.31
209.7530.62
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
198.9029.04
0.79
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.79
15.3115.31
209.7530.62
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
198.9029.04
0.79
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.79
15.3115.31
209.7530.62
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
281.0041.02
2.33
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.33
22.8422.84
312.9145.68
Nedbank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
281.0041.02
2.33
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.33
22.8422.84
312.9145.68
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
299.0043.65
1.56
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.56
23.3823.38
320.3146.76
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
0.88
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.88
32.6332.63
447.0365.26
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
744.00108.61
1.43
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.43
55.7455.74
763.64111.48
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
744.00108.61
1.43
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.43
55.7455.74
763.64111.48
Total Average Second Quarter
16.4816.48
Total Average First Quarter
15.8815.88
Total Average
Fee
189.0627.60
Exchange Rate Margin (%)
2.682.68
Total Cost Percent (%)
16.4816.48
Total Cost (ZAR) Total Cost (USD)
225.8132.97
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 3-5 days 6 days or more
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
24.003.52
2.44
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.44
3.143.14
107.0715.70
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
24.003.52
2.44
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.44
3.143.14
107.0715.70
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
24.003.52
2.44
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.44
3.143.14
107.0715.70
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
30.004.40
2.44
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.44
3.323.32
113.2116.60
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
30.004.40
2.44
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.44
3.323.32
113.2116.60
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
30.004.40
2.44
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.44
3.323.32
113.2116.60
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
86.2512.65
2.20
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.20
4.734.73
161.2923.65
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
86.2512.65
2.20
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.20
4.734.73
161.2923.65
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
2.82
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.82
5.755.75
196.0828.75
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
2.91
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.91
5.845.84
199.1429.20
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
100.0014.66
4.94
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
4.94
7.877.87
268.3739.35
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
89.0013.05
9.17
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
9.17
11.7811.78
401.7058.90
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
89.0013.05
9.18
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
9.18
11.7911.79
402.0458.95
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
278.4640.83
0.79
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.79
8.968.96
305.5444.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
278.4640.83
0.79
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.79
8.968.96
305.5444.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
278.4640.83
0.79
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.79
8.968.96
305.5444.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
253.6937.20
1.40
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.40
8.848.84
301.4444.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
253.6937.20
1.40
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.40
8.848.84
301.4444.20
Nedbank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
314.0046.04
2.33
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.33
11.5411.54
393.5157.70
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
314.0046.04
2.33
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.33
11.5411.54
393.5157.70
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
299.0043.84
1.56
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.56
10.3310.33
352.2551.65
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
0.88
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.88
13.6413.64
465.1268.20
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
744.00109.09
1.43
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.43
23.2523.25
792.83116.25
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
744.00109.09
1.43
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.43
23.2523.25
792.83116.25
Total Average Second Quarter
8.758.75
Total Average First Quarter
8.458.45
Total Average
Fee
208.5530.58
Exchange Rate Margin (%)
2.632.63
Total Cost Percent (%)
8.758.75
Total Cost (ZAR) Total Cost (USD)
298.3543.75
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 3-5 days 6 days or more
Bank account Cash