Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to TANZANIA

Data collected on: Feb 21, 2022-Mar 01, 2022
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)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.
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.000.73
1.26
Percentage difference between market reference rate 152.89 and exchange rate charged 150.97
1.26
1.621.62
22.193.24
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
41.106.00
1.26
Percentage difference between market reference rate 152.89 and exchange rate charged 150.97
1.26
4.264.26
58.368.52
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
57.508.39
2.38
Percentage difference between market reference rate 152.79 and exchange rate charged 149.15
2.38
6.586.58
90.1513.16
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
57.508.39
2.38
Percentage difference between market reference rate 152.79 and exchange rate charged 149.15
2.38
6.586.58
90.1513.16
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
4.07
Percentage difference between market reference rate 150.56 and exchange rate charged 144.43
4.07
9.079.07
124.2618.14
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
4.07
Percentage difference between market reference rate 150.56 and exchange rate charged 144.43
4.07
9.079.07
124.2618.14
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.39
5.18
Percentage difference between market reference rate 152.92 and exchange rate charged 145.00
5.18
9.389.38
128.5118.76
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
4.58
Percentage difference between market reference rate 150.51 and exchange rate charged 143.62
4.58
9.589.58
131.2519.16
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
66.009.64
5.19
Percentage difference between market reference rate 152.78 and exchange rate charged 144.85
5.19
10.0110.01
137.1420.02
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
68.5010.00
5.19
Percentage difference between market reference rate 152.98 and exchange rate charged 145.04
5.19
10.1910.19
139.6020.38
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
175.5125.62
0.89
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.89
13.7013.70
187.6927.40
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
0.94
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.94
21.3821.38
292.9142.76
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
0.58
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.58
32.3332.33
442.9264.66
Total Average First Quarter
11.0611.06
Total Average Fourth Quarter 2021
10.5410.54
Total Average
Fee
111.4716.27
Exchange Rate Margin (%)
2.922.92
Total Cost Percent (%)
11.0611.06
Total Cost (ZAR) Total Cost (USD)
151.4922.12
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.000.73
1.26
Percentage difference between market reference rate 152.89 and exchange rate charged 150.97
1.26
1.401.40
47.747.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
102.3015.00
1.26
Percentage difference between market reference rate 152.89 and exchange rate charged 150.97
1.26
4.264.26
145.2721.30
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.43
5.18
Percentage difference between market reference rate 152.92 and exchange rate charged 145.00
5.18
6.876.87
234.2734.35
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
168.5024.71
2.38
Percentage difference between market reference rate 152.79 and exchange rate charged 149.15
2.38
7.327.32
249.6136.60
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
168.5024.71
2.38
Percentage difference between market reference rate 152.79 and exchange rate charged 149.15
2.38
7.327.32
249.6136.60
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
89.0013.05
5.19
Percentage difference between market reference rate 152.78 and exchange rate charged 144.85
5.19
7.807.80
265.9839.00
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
4.07
Percentage difference between market reference rate 150.56 and exchange rate charged 144.43
4.07
9.079.07
309.2945.35
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
4.07
Percentage difference between market reference rate 150.56 and exchange rate charged 144.43
4.07
9.079.07
309.2945.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
280.8241.18
0.89
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.89
9.139.13
311.3345.65
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
0.94
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.94
9.169.16
312.3645.80
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
4.58
Percentage difference between market reference rate 150.51 and exchange rate charged 143.62
4.58
9.589.58
326.6847.90
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
170.5025.00
5.19
Percentage difference between market reference rate 152.98 and exchange rate charged 145.04
5.19
10.1910.19
347.4850.95
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
0.58
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
0.58
13.3313.33
454.5566.65
Total Average First Quarter
8.048.04
Total Average Fourth Quarter 2021
7.407.40
Total Average
Fee
174.5125.59
Exchange Rate Margin (%)
2.922.92
Total Cost Percent (%)
8.048.04
Total Cost (ZAR) Total Cost (USD)
274.1140.19
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 3-5 days
Bank account Cash Mobile wallet