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: Feb 21, 2022-Mar 01, 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 (%)
1.26
Percentage difference between market reference rate 152.89 and exchange rate charged 150.971.26
Total cost (%)
1.621.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
22.193.24
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 (%)
1.26
Percentage difference between market reference rate 152.89 and exchange rate charged 150.971.26
Total cost (%)
4.264.26
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
58.368.52
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 (%)
2.38
Percentage difference between market reference rate 152.79 and exchange rate charged 149.152.38
Total cost (%)
6.586.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
90.1513.16
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 (%)
2.38
Percentage difference between market reference rate 152.79 and exchange rate charged 149.152.38
Total cost (%)
6.586.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
90.1513.16
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 (%)
4.07
Percentage difference between market reference rate 150.56 and exchange rate charged 144.434.07
Total cost (%)
9.079.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
124.2618.14
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 (%)
4.07
Percentage difference between market reference rate 150.56 and exchange rate charged 144.434.07
Total cost (%)
9.079.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
124.2618.14
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 (%)
5.18
Percentage difference between market reference rate 152.92 and exchange rate charged 145.005.18
Total cost (%)
9.389.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
128.5118.76
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
68.5010.00
Exchange rate margin (%)
4.58
Percentage difference between market reference rate 150.51 and exchange rate charged 143.624.58
Total cost (%)
9.589.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
131.2519.16
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 (%)
5.19
Percentage difference between market reference rate 152.78 and exchange rate charged 144.855.19
Total cost (%)
10.0110.01
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
137.1420.02
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 (%)
5.19
Percentage difference between market reference rate 152.98 and exchange rate charged 145.045.19
Total cost (%)
10.1910.19
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
139.6020.38
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
175.5125.62
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.89
Total cost (%)
13.7013.70
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
187.6927.40
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 (%)
0.94
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.94
Total cost (%)
21.3821.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
292.9142.76
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 (%)
0.58
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.58
Total cost (%)
32.3332.33
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
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
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 (%)
1.26
Percentage difference between market reference rate 152.89 and exchange rate charged 150.971.26
Total cost (%)
1.401.40
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
47.747.00
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
102.3015.00
Exchange rate margin (%)
1.26
Percentage difference between market reference rate 152.89 and exchange rate charged 150.971.26
Total cost (%)
4.264.26
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
145.2721.30
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 (%)
5.18
Percentage difference between market reference rate 152.92 and exchange rate charged 145.005.18
Total cost (%)
6.876.87
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
234.2734.35
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 (%)
2.38
Percentage difference between market reference rate 152.79 and exchange rate charged 149.152.38
Total cost (%)
7.327.32
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
249.6136.60
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 (%)
2.38
Percentage difference between market reference rate 152.79 and exchange rate charged 149.152.38
Total cost (%)
7.327.32
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
249.6136.60
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 (%)
5.19
Percentage difference between market reference rate 152.78 and exchange rate charged 144.855.19
Total cost (%)
7.807.80
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
265.9839.00
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 (%)
4.07
Percentage difference between market reference rate 150.56 and exchange rate charged 144.434.07
Total cost (%)
9.079.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
309.2945.35
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 (%)
4.07
Percentage difference between market reference rate 150.56 and exchange rate charged 144.434.07
Total cost (%)
9.079.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
309.2945.35
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
280.8241.18
Exchange rate margin (%)
0.89
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.89
Total cost (%)
9.139.13
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
311.3345.65
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 (%)
0.94
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.94
Total cost (%)
9.169.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
312.3645.80
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
170.5025.00
Exchange rate margin (%)
4.58
Percentage difference between market reference rate 150.51 and exchange rate charged 143.624.58
Total cost (%)
9.589.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
326.6847.90
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 (%)
5.19
Percentage difference between market reference rate 152.98 and exchange rate charged 145.045.19
Total cost (%)
10.1910.19
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
347.4850.95
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 (%)
0.58
Percentage difference between market reference rate 0.07 and exchange rate charged 0.070.58
Total cost (%)
13.3313.33
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
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
Least Costly Corridors To Tanzania
Least Costly Corridors From South Africa
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