Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to BOTSWANA

Data collected on: Feb 20, 2023-Feb 28, 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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.4810.00
1.47
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.47
6.476.47
88.6412.94
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
125.0018.25
1.38
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.38
10.5010.50
143.8521.00
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
435.0063.50
2.77
Percentage difference between market reference rate 0.73 and exchange rate charged 0.71
2.77
34.5234.52
472.9269.04
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
68.4810.00
1.77
Percentage difference between market reference rate 0.73 and exchange rate charged 0.71
1.77
6.776.77
92.7513.54
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
125.0018.25
1.36
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.36
10.4810.48
143.5820.96
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
390.0056.93
10.41
Percentage difference between market reference rate 0.72 and exchange rate charged 0.65
10.41
38.8838.88
532.6677.76
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
125.0018.25
1.21
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.21
10.3310.33
141.5220.66
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
125.0018.25
1.36
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.36
10.4810.48
143.5820.96
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
361.9052.83
4.04
Percentage difference between market reference rate 0.72 and exchange rate charged 0.70
4.04
30.4630.46
417.3060.92
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
125.0018.25
1.38
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.38
10.5010.50
143.8521.00
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.39
6.61
Percentage difference between market reference rate 0.73 and exchange rate charged 0.68
6.61
10.8110.81
148.1021.62
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
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
125.0018.25
1.38
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.38
10.5010.50
143.8521.00
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
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
125.0018.25
1.38
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.38
10.5010.50
143.8521.00
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
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
125.0018.25
1.36
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.36
10.4810.48
143.5820.96
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
550.0080.29
2.84
Percentage difference between market reference rate 0.73 and exchange rate charged 0.70
2.84
42.9942.99
588.9685.98
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
125.0018.25
1.36
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.36
10.4810.48
143.5820.96
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
High
550.0080.29
2.84
Percentage difference between market reference rate 0.73 and exchange rate charged 0.70
2.84
42.9942.99
588.9685.98
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
125.0018.25
1.38
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.38
10.5010.50
143.8521.00
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
280.0040.88
3.48
Percentage difference between market reference rate 0.73 and exchange rate charged 0.70
3.48
23.9223.92
327.7047.84
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
125.0018.25
1.38
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.38
10.5010.50
143.8521.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
180.6726.38
2.76
Percentage difference between market reference rate 0.72 and exchange rate charged 0.70
2.76
15.9515.95
218.5231.90
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
299.0043.65
2.80
Percentage difference between market reference rate 0.73 and exchange rate charged 0.70
2.80
24.6224.62
337.2949.24
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
125.0018.25
1.38
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.38
10.5010.50
143.8521.00
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
68.459.99
1.16
Percentage difference between market reference rate 0.73 and exchange rate charged 0.72
1.16
6.166.16
84.3912.32
Total Average First Quarter
16.8116.81
Total Average Fourth Quarter 2022
17.3817.38
Total Average
Fee
198.8329.03
Exchange Rate Margin (%)
2.302.30
Total Cost Percent (%)
16.8116.81
Total Cost (ZAR) Total Cost (USD)
230.3633.63
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
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
5.71
Percentage difference between market reference rate 0.73 and exchange rate charged 0.69
5.71
7.407.40
252.3437.00
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
170.4524.99
1.77
Percentage difference between market reference rate 0.73 and exchange rate charged 0.71
1.77
6.776.77
230.8633.85
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.4825.00
1.47
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.47
6.476.47
220.6332.35
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
1.16
Percentage difference between market reference rate 0.73 and exchange rate charged 0.72
1.16
6.166.16
210.0630.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
234.8734.44
2.76
Percentage difference between market reference rate 0.72 and exchange rate charged 0.70
2.76
9.659.65
329.0748.25
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
High
280.0041.06
3.48
Percentage difference between market reference rate 0.73 and exchange rate charged 0.70
3.48
11.6911.69
398.6358.45
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
282.0041.35
1.38
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.38
9.659.65
329.0748.25
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
282.0041.35
1.38
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.38
9.659.65
329.0748.25
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
282.0041.35
1.36
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.36
9.639.63
328.3848.15
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
282.0041.35
1.38
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.38
9.659.65
329.0748.25
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
282.0041.35
1.36
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.36
9.639.63
328.3848.15
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
282.0041.35
1.36
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.36
9.639.63
328.3848.15
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
282.0041.35
1.36
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.36
9.639.63
328.3848.15
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
282.0041.35
1.38
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.38
9.659.65
329.0748.25
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
282.0041.35
1.21
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.21
9.489.48
323.2747.40
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
282.0041.35
1.38
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.38
9.659.65
329.0748.25
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
285.0041.79
1.38
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.38
9.749.74
332.1348.70
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
285.0041.79
1.38
Percentage difference between market reference rate 0.72 and exchange rate charged 0.71
1.38
9.749.74
332.1348.70
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
299.0043.84
2.80
Percentage difference between market reference rate 0.73 and exchange rate charged 0.70
2.80
11.5711.57
394.5457.85
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
361.9053.06
4.04
Percentage difference between market reference rate 0.72 and exchange rate charged 0.70
4.04
14.6514.65
499.5773.25
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
390.0057.18
10.41
Percentage difference between market reference rate 0.72 and exchange rate charged 0.65
10.41
21.8521.85
745.09109.25
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
435.0063.78
2.77
Percentage difference between market reference rate 0.73 and exchange rate charged 0.71
2.77
15.5315.53
529.5777.65
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
550.0080.65
2.84
Percentage difference between market reference rate 0.73 and exchange rate charged 0.70
2.84
18.9718.97
646.8894.85
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
High
550.0080.65
2.84
Percentage difference between market reference rate 0.73 and exchange rate charged 0.70
2.84
18.9718.97
646.8894.85
Total Average First Quarter
10.7910.79
Total Average Fourth Quarter 2022
11.4311.43
Total Average
Fee
290.4542.59
Exchange Rate Margin (%)
2.272.27
Total Cost Percent (%)
10.7910.79
Total Cost (ZAR) Total Cost (USD)
367.8653.94
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
Bank account Cash Mobile wallet