Remittance Prices Worldwide

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Transfer money

Sending money from SOUTH-AFRICA to TANZANIA

Data collected on: Jan 16, 2025 - Feb 28, 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
High 
Fee
68.50
Exchange rate margin(%)
1.60
Percentage difference between market reference rate 141.83 and exchange rate charged 139.56
Total cost (%)
6.60
Total cost (ZAR)sort descending
90.42
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(%)
1.79
Percentage difference between market reference rate 140.72 and exchange rate charged 138.20
Total cost (%)
6.79
Total cost (ZAR)sort descending
93.02
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(%)
1.79
Percentage difference between market reference rate 140.72 and exchange rate charged 138.20
Total cost (%)
6.79
Total cost (ZAR)sort descending
93.02
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(%)
4.98
Percentage difference between market reference rate 141.17 and exchange rate charged 134.14
Total cost (%)
6.80
Total cost (ZAR)sort descending
93.16
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(%)
4.98
Percentage difference between market reference rate 141.17 and exchange rate charged 134.14
Total cost (%)
6.80
Total cost (ZAR)sort descending
93.16
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
68.50
Exchange rate margin(%)
2.61
Percentage difference between market reference rate 140.61 and exchange rate charged 136.93
Total cost (%)
7.61
Total cost (ZAR)sort descending
104.26
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
68.50
Exchange rate margin(%)
2.61
Percentage difference between market reference rate 140.61 and exchange rate charged 136.93
Total cost (%)
7.61
Total cost (ZAR)sort descending
104.26
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
68.50
Exchange rate margin(%)
4.74
Percentage difference between market reference rate 133.83 and exchange rate charged 127.48
Total cost (%)
9.74
Total cost (ZAR)sort descending
133.44
Firm
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
185.36
Exchange rate margin(%)
1.10
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
Total cost (%)
14.63
Total cost (ZAR)sort descending
200.43
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(%)
0.85
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
Total cost (%)
16.47
Total cost (ZAR)sort descending
225.64
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(%)
0.93
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
Total cost (%)
16.55
Total cost (ZAR)sort descending
226.74
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(%)
0.93
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
Total cost (%)
16.55
Total cost (ZAR)sort descending
226.74
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(%)
5.96
Percentage difference between market reference rate 139.92 and exchange rate charged 131.58
Total cost (%)
21.80
Total cost (ZAR)sort descending
298.66
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(%)
5.97
Percentage difference between market reference rate 139.93 and exchange rate charged 131.58
Total cost (%)
21.81
Total cost (ZAR)sort descending
298.80
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
290.00
Exchange rate margin(%)
0.87
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
Total cost (%)
22.04
Total cost (ZAR)sort descending
301.95
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(%)
0.87
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
Total cost (%)
33.72
Total cost (ZAR)sort descending
461.96
Total Average First Quarter 2025
13.89
Total Average Fourth Quarter 2024
14.01
Total Average
Fee
153.90
Exchange Rate Margin (%)
2.66
Total Cost Percent (%)
13.89
Total Cost (ZAR)
190.35
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