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 19, 2024-Mar 05, 2024
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)Total cost (USD)
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
High
68.5010.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
98.9114.44
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
24.993.65
5.81
Percentage difference between market reference rate 133.32 and exchange rate charged 125.58
5.81
7.637.63
104.5315.26
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
24.993.65
5.81
Percentage difference between market reference rate 133.32 and exchange rate charged 125.58
5.81
7.637.63
104.5315.26
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
68.5010.00
4.04
Percentage difference between market reference rate 132.30 and exchange rate charged 126.95
4.04
9.049.04
123.8518.08
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
4.04
Percentage difference between market reference rate 132.30 and exchange rate charged 126.95
4.04
9.049.04
123.8518.08
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
98.9114.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
98.9114.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
98.9114.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
98.9114.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
98.9114.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
98.9114.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
98.9114.44
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
3.24
Percentage difference between market reference rate 132.85 and exchange rate charged 128.55
3.24
19.5719.57
268.1139.14
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
98.9114.44
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
3.50
Percentage difference between market reference rate 134.54 and exchange rate charged 129.83
3.50
8.508.50
116.4517.00
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
3.50
Percentage difference between market reference rate 134.54 and exchange rate charged 129.83
3.50
8.508.50
116.4517.00
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
0.91
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.91
21.3521.35
292.5042.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.98
17.3117.31
237.1534.62
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.98
17.3117.31
237.1534.62
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
223.7432.66
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.98
17.3117.31
237.1534.62
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
0.91
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.91
32.6632.66
447.4465.32
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
3.50
Percentage difference between market reference rate 134.54 and exchange rate charged 129.83
3.50
8.508.50
116.4517.00
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
219.8932.10
0.94
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.94
16.9916.99
232.7633.98
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
223.7432.66
3.24
Percentage difference between market reference rate 132.85 and exchange rate charged 128.55
3.24
19.5719.57
268.1139.14
Total Average First Quarter
11.9111.91
Total Average Fourth Quarter 2023
11.6411.64
Total Average
Fee
127.6118.63
Exchange Rate Margin (%)
2.602.60
Total Cost Percent (%)
11.9111.91
Total Cost (ZAR) Total Cost (USD)
163.1923.82
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
0.91
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.91
13.6713.67
466.1568.35
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
0.91
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.91
9.129.12
310.9945.60
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
307.8445.14
0.94
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.94
9.979.97
339.9849.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
313.2345.93
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.98
10.1710.17
346.8050.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
313.2345.93
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.98
10.1710.17
346.8050.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
313.2345.93
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.98
10.1710.17
346.8050.85
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
246.2036.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.22
Percentage difference between market reference rate 133.19 and exchange rate charged 130.23
2.22
7.227.22
246.2036.10
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
290.8642.65
3.24
Percentage difference between market reference rate 132.85 and exchange rate charged 128.55
3.24
11.7711.77
401.3658.85
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
290.8642.65
3.24
Percentage difference between market reference rate 132.85 and exchange rate charged 128.55
3.24
11.7711.77
401.3658.85
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
3.50
Percentage difference between market reference rate 134.54 and exchange rate charged 129.83
3.50
8.508.50
289.8542.50
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
3.50
Percentage difference between market reference rate 134.54 and exchange rate charged 129.83
3.50
8.508.50
289.8542.50
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
3.50
Percentage difference between market reference rate 134.54 and exchange rate charged 129.83
3.50
8.508.50
289.8542.50
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 132.30 and exchange rate charged 126.95
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
4.04
Percentage difference between market reference rate 132.30 and exchange rate charged 126.95
4.04
6.656.65
226.7733.25
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
24.993.66
5.81
Percentage difference between market reference rate 133.32 and exchange rate charged 125.58
5.81
6.546.54
223.0132.70
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
24.993.66
5.81
Percentage difference between market reference rate 133.32 and exchange rate charged 125.58
5.81
6.546.54
223.0132.70
Total Average First Quarter
8.498.49
Total Average Fourth Quarter 2023
7.857.85
Total Average
Fee
200.7629.44
Exchange Rate Margin (%)
2.602.60
Total Cost Percent (%)
8.498.49
Total Cost (ZAR) Total Cost (USD)
289.3842.43
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour 3-5 days
Bank account Cash Mobile wallet