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 20, 2023-Mar 07, 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)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.
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
95.9014.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
95.9014.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
95.9014.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
95.9014.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
95.9014.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
95.9014.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
95.9014.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
95.9014.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
95.9014.00
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.39
4.11
Percentage difference between market reference rate 128.63 and exchange rate charged 123.34
4.11
8.318.31
113.8516.62
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
3.42
Percentage difference between market reference rate 125.93 and exchange rate charged 121.63
3.42
8.428.42
115.3516.84
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
3.42
Percentage difference between market reference rate 125.93 and exchange rate charged 121.63
3.42
8.428.42
115.3516.84
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
3.42
Percentage difference between market reference rate 125.93 and exchange rate charged 121.63
3.42
8.428.42
115.3516.84
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.39
4.31
Percentage difference between market reference rate 128.95 and exchange rate charged 123.39
4.31
8.518.51
116.5917.02
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
66.009.64
4.04
Percentage difference between market reference rate 127.84 and exchange rate charged 122.68
4.04
8.868.86
121.3817.72
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
66.009.64
4.09
Percentage difference between market reference rate 127.34 and exchange rate charged 122.14
4.09
8.918.91
122.0717.82
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
186.3327.20
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.97
14.5714.57
199.6129.14
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
186.3327.20
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.97
14.5714.57
199.6129.14
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
186.3327.20
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.97
14.5714.57
199.6129.14
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
180.6726.38
3.10
Percentage difference between market reference rate 127.32 and exchange rate charged 123.37
3.10
16.2916.29
223.1732.58
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
180.6726.38
3.10
Percentage difference between market reference rate 127.32 and exchange rate charged 123.37
3.10
16.2916.29
223.1732.58
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
1.11
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.11
21.5521.55
295.2443.10
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
0.85
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.85
32.6032.60
446.6265.20
Total Average First Quarter
11.0111.01
Total Average Fourth Quarter 2022
9.829.82
Total Average
Fee
117.5817.16
Exchange Rate Margin (%)
2.432.43
Total Cost Percent (%)
11.0111.01
Total Cost (ZAR) Total Cost (USD)
150.8722.03
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.43
4.11
Percentage difference between market reference rate 128.63 and exchange rate charged 123.34
4.11
5.805.80
197.7829.00
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.43
4.31
Percentage difference between market reference rate 128.95 and exchange rate charged 123.39
4.31
6.006.00
204.6030.00
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
89.0013.05
4.04
Percentage difference between market reference rate 127.84 and exchange rate charged 122.68
4.04
6.656.65
226.7733.25
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
89.0013.05
4.09
Percentage difference between market reference rate 127.34 and exchange rate charged 122.14
4.09
6.706.70
228.4733.50
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
238.7035.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
238.7035.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
238.7035.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
238.7035.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
238.7035.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
238.7035.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
238.7035.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
238.7035.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.00
Percentage difference between market reference rate 128.02 and exchange rate charged 125.46
2.00
7.007.00
238.7035.00
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
3.42
Percentage difference between market reference rate 125.93 and exchange rate charged 121.63
3.42
8.428.42
287.1242.10
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
3.42
Percentage difference between market reference rate 125.93 and exchange rate charged 121.63
3.42
8.428.42
287.1242.10
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
3.42
Percentage difference between market reference rate 125.93 and exchange rate charged 121.63
3.42
8.428.42
287.1242.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
260.8638.25
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.97
8.628.62
293.9443.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
260.8638.25
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.97
8.628.62
293.9443.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
260.8638.25
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.97
8.628.62
293.9443.10
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
1.11
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.11
9.329.32
317.8146.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
234.8734.44
3.10
Percentage difference between market reference rate 127.32 and exchange rate charged 123.37
3.10
9.999.99
340.6649.95
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
234.8734.44
3.10
Percentage difference between market reference rate 127.32 and exchange rate charged 123.37
3.10
9.999.99
340.6649.95
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
0.85
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.85
13.6113.61
464.1068.05
Total Average First Quarter
7.927.92
Total Average Fourth Quarter 2022
7.317.31
Total Average
Fee
187.2327.45
Exchange Rate Margin (%)
2.432.43
Total Cost Percent (%)
7.927.92
Total Cost (ZAR) Total Cost (USD)
270.1039.60
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet