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: Aug 20, 2023-Sep 10, 2023
ZAR | USD
Payment instrument
Access point
Sending network coverage
Transfer speedsort descending
<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
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
96.5914.10
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.39
5.47
Percentage difference between market reference rate 134.77 and exchange rate charged 127.40
5.47
9.679.67
132.4819.34
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.39
5.59
Percentage difference between market reference rate 134.84 and exchange rate charged 127.30
5.59
9.799.79
134.1219.58
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
102.7515.00
3.77
Percentage difference between market reference rate 131.46 and exchange rate charged 126.50
3.77
11.2711.27
154.4022.54
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
66.009.64
4.03
Percentage difference between market reference rate 131.98 and exchange rate charged 126.66
4.03
8.858.85
121.2517.70
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
96.5914.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
96.5914.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
96.5914.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
96.5914.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
96.5914.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
96.5914.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
96.5914.10
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
192.5128.10
3.59
Percentage difference between market reference rate 131.29 and exchange rate charged 126.58
3.59
17.6417.64
241.6735.28
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
96.5914.10
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
4.32
Percentage difference between market reference rate 133.00 and exchange rate charged 127.25
4.32
9.329.32
127.6818.64
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
3.46
Percentage difference between market reference rate 131.42 and exchange rate charged 126.87
3.46
8.468.46
115.9016.92
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
0.99
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.99
21.4321.43
293.5942.86
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
190.6527.83
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
14.8214.82
203.0329.64
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
190.6527.83
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
14.8214.82
203.0329.64
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
190.6527.83
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
14.8214.82
203.0329.64
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
0.99
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.99
32.7432.74
448.5465.48
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
4.32
Percentage difference between market reference rate 133.00 and exchange rate charged 127.25
4.32
9.329.32
127.6818.64
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
192.5128.10
3.59
Percentage difference between market reference rate 131.29 and exchange rate charged 126.58
3.59
17.6417.64
241.6735.28
Total Average Third Quarter 2023
11.4811.48
Total Average Second Quarter 2023
11.3811.38
Total Average
Fee
120.7717.63
Exchange Rate Margin (%)
2.662.66
Total Cost Percent (%)
11.4811.48
Total Cost (ZAR) Total Cost (USD)
157.2822.96
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
Payment instrument
Access point
Sending network coverage
Receiving method
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
240.4135.25
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.43
5.47
Percentage difference between market reference rate 134.77 and exchange rate charged 127.40
5.47
7.167.16
244.1635.80
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.43
5.57
Percentage difference between market reference rate 134.84 and exchange rate charged 127.33
5.57
7.267.26
247.5736.30
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
255.7537.50
3.77
Percentage difference between market reference rate 131.46 and exchange rate charged 126.50
3.77
11.2711.27
384.3156.35
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
89.0013.05
4.03
Percentage difference between market reference rate 131.98 and exchange rate charged 126.66
4.03
6.646.64
226.4233.20
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
240.4135.25
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
240.4135.25
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
240.4135.25
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
240.4135.25
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
240.4135.25
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
240.4135.25
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
240.4135.25
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
250.2736.70
3.59
Percentage difference between market reference rate 131.29 and exchange rate charged 126.58
3.59
10.9310.93
372.7154.65
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.05
Percentage difference between market reference rate 131.39 and exchange rate charged 128.70
2.05
7.057.05
240.4135.25
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
0.99
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.99
9.209.20
313.7246.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
266.9139.14
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
8.738.73
297.6943.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
266.9139.14
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
8.738.73
297.6943.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
266.9139.14
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
8.738.73
297.6943.65
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
0.99
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.99
13.7513.75
468.8868.75
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
250.2736.70
3.59
Percentage difference between market reference rate 131.29 and exchange rate charged 126.58
3.59
10.9310.93
372.7154.65
Total Average Third Quarter 2023
8.348.34
Total Average Second Quarter 2023
8.208.20
Total Average
Fee
200.5329.40
Exchange Rate Margin (%)
2.462.46
Total Cost Percent (%)
8.348.34
Total Cost (ZAR) Total Cost (USD)
284.3641.70
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