Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to
Transfer money

Sending money from SOUTH AFRICA to TANZANIA

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
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.000.73
Exchange rate margin (%)
4.45
Percentage difference between market reference rate 138.51 and exchange rate charged 132.354.45
Total cost (%)
4.814.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
65.909.62
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
57.508.39
Exchange rate margin (%)
2.21
Percentage difference between market reference rate 137.28 and exchange rate charged 134.242.21
Total cost (%)
6.416.41
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
87.8212.82
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
57.508.39
Exchange rate margin (%)
2.21
Percentage difference between market reference rate 137.28 and exchange rate charged 134.242.21
Total cost (%)
6.416.41
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
87.8212.82
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 (%)
4.45
Percentage difference between market reference rate 138.51 and exchange rate charged 132.354.45
Total cost (%)
7.457.45
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
102.0714.90
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
66.009.64
Exchange rate margin (%)
4.20
Percentage difference between market reference rate 138.51 and exchange rate charged 132.694.20
Total cost (%)
9.029.02
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
123.5718.04
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 (%)
4.25
Percentage difference between market reference rate 138.57 and exchange rate charged 132.694.25
Total cost (%)
9.259.25
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
126.7318.50
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
68.5010.00
Exchange rate margin (%)
4.99
Percentage difference between market reference rate 137.61 and exchange rate charged 130.744.99
Total cost (%)
9.999.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
136.8619.98
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
68.5010.00
Exchange rate margin (%)
4.99
Percentage difference between market reference rate 137.61 and exchange rate charged 130.744.99
Total cost (%)
9.999.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
136.8619.98
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
57.508.39
Exchange rate margin (%)
5.93
Percentage difference between market reference rate 137.87 and exchange rate charged 129.695.93
Total cost (%)
10.1310.13
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
138.7820.26
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
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
280.0040.88
Exchange rate margin (%)
0.99
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.99
Total cost (%)
21.4221.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
293.4542.84
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
435.0063.50
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.89
Total cost (%)
32.6432.64
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
447.1765.28
Total Average Third Quarter 2022
11.9011.90
Total Average Second Quarter 2022
11.1811.18
Total Average
Fee
116.6817.03
Exchange Rate Margin (%)
3.383.38
Total Cost Percent (%)
11.9011.90
Total Cost (ZAR) Total Cost (USD)
162.9623.79
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet
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
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.000.73
Exchange rate margin (%)
4.45
Percentage difference between market reference rate 138.51 and exchange rate charged 132.354.45
Total cost (%)
4.594.59
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
156.5222.95
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
89.0013.05
Exchange rate margin (%)
4.20
Percentage difference between market reference rate 138.51 and exchange rate charged 132.694.20
Total cost (%)
6.816.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
232.2234.05
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
168.5024.71
Exchange rate margin (%)
2.21
Percentage difference between market reference rate 137.28 and exchange rate charged 134.242.21
Total cost (%)
7.157.15
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
243.8235.75
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
168.5024.71
Exchange rate margin (%)
2.21
Percentage difference between market reference rate 137.28 and exchange rate charged 134.242.21
Total cost (%)
7.157.15
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
243.8235.75
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 (%)
4.45
Percentage difference between market reference rate 138.51 and exchange rate charged 132.354.45
Total cost (%)
7.457.45
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
254.0537.25
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
57.508.43
Exchange rate margin (%)
5.94
Percentage difference between market reference rate 137.87 and exchange rate charged 129.685.94
Total cost (%)
7.627.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
259.8438.10
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
280.0041.06
Exchange rate margin (%)
0.99
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.99
Total cost (%)
9.209.20
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
313.7246.00
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 (%)
4.25
Percentage difference between market reference rate 138.57 and exchange rate charged 132.694.25
Total cost (%)
9.259.25
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
315.4346.25
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
High
Fee
170.5025.00
Exchange rate margin (%)
4.99
Percentage difference between market reference rate 137.61 and exchange rate charged 130.744.99
Total cost (%)
9.999.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
340.6649.95
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
170.5025.00
Exchange rate margin (%)
4.99
Percentage difference between market reference rate 137.61 and exchange rate charged 130.744.99
Total cost (%)
9.999.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
340.6649.95
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
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
435.0063.78
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.89
Total cost (%)
13.6413.64
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
465.1268.20
Total Average Third Quarter 2022
8.588.58
Total Average Second Quarter 2022
8.218.21
Total Average
Fee
177.4426.02
Exchange Rate Margin (%)
3.383.38
Total Cost Percent (%)
8.588.58
Total Cost (ZAR) Total Cost (USD)
292.6142.90
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet
Least Costly Corridors To Tanzania
Least Costly Corridors From South Africa
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