Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to
Transfer money

Sending money from SOUTH AFRICA to MALAWI

Data collected on: Feb 20, 2023-Feb 28, 2023
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 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.
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
90.0013.14
Exchange rate margin (%)
-22.02
Percentage difference between market reference rate 55.87 and exchange rate charged 68.17-22.02
Total cost (%)
-15.45-15.45
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-211.67-30.90
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
90.0013.14
Exchange rate margin (%)
-21.99
Percentage difference between market reference rate 56.09 and exchange rate charged 68.42-21.99
Total cost (%)
-15.42-15.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-211.25-30.84
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
-14.38
Percentage difference between market reference rate 56.11 and exchange rate charged 64.18-14.38
Total cost (%)
-14.38-14.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-197.01-28.76
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
-14.23
Percentage difference between market reference rate 56.55 and exchange rate charged 64.60-14.23
Total cost (%)
-14.23-14.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-194.95-28.46
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
-13.94
Percentage difference between market reference rate 56.74 and exchange rate charged 64.65-13.94
Total cost (%)
-13.94-13.94
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-190.98-27.88
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
63.259.23
Exchange rate margin (%)
-10.27
Percentage difference between market reference rate 56.62 and exchange rate charged 62.44-10.27
Total cost (%)
-5.65-5.65
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-77.41-11.30
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
125.0018.25
Exchange rate margin (%)
-12.08
Percentage difference between market reference rate 55.99 and exchange rate charged 62.76-12.08
Total cost (%)
-2.96-2.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-40.55-5.92
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
125.0018.25
Exchange rate margin (%)
-12.08
Percentage difference between market reference rate 55.99 and exchange rate charged 62.76-12.08
Total cost (%)
-2.96-2.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-40.55-5.92
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
125.0018.25
Exchange rate margin (%)
-12.08
Percentage difference between market reference rate 55.99 and exchange rate charged 62.76-12.08
Total cost (%)
-2.96-2.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-40.55-5.92
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
-4.24
Percentage difference between market reference rate 56.25 and exchange rate charged 58.64-4.24
Total cost (%)
-2.42-2.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-33.15-4.84
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
-4.24
Percentage difference between market reference rate 56.25 and exchange rate charged 58.64-4.24
Total cost (%)
-2.42-2.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-33.15-4.84
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
-4.24
Percentage difference between market reference rate 56.25 and exchange rate charged 58.64-4.24
Total cost (%)
-2.42-2.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-33.15-4.84
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
-3.12
Percentage difference between market reference rate 56.25 and exchange rate charged 58.01-3.12
Total cost (%)
-1.30-1.30
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-17.81-2.60
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
-3.12
Percentage difference between market reference rate 56.25 and exchange rate charged 58.01-3.12
Total cost (%)
-1.30-1.30
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-17.81-2.60
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.65
Exchange rate margin (%)
-3.12
Percentage difference between market reference rate 56.25 and exchange rate charged 58.01-3.12
Total cost (%)
-1.30-1.30
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-17.81-2.60
Firm
EcoCash Remit
Firm type: Mobile Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
23.633.45
Exchange rate margin (%)
6.30
Percentage difference between market reference rate 56.11 and exchange rate charged 52.576.30
Total cost (%)
8.028.02
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
109.8716.04
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
186.3327.20
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
14.5714.57
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
199.6129.14
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
186.3327.20
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
14.5714.57
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
199.6129.14
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
186.3327.20
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
14.5714.57
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
199.6129.14
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
180.6726.38
Exchange rate margin (%)
5.77
Percentage difference between market reference rate 55.87 and exchange rate charged 52.655.77
Total cost (%)
18.9618.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
259.7537.92
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
180.6726.38
Exchange rate margin (%)
5.77
Percentage difference between market reference rate 55.87 and exchange rate charged 52.655.77
Total cost (%)
18.9618.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
259.7537.92
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
280.0040.88
Exchange rate margin (%)
-0.98
Percentage difference between market reference rate 56.65 and exchange rate charged 57.21-0.98
Total cost (%)
19.4619.46
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
266.6038.92
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
361.9052.83
Exchange rate margin (%)
2.12
Percentage difference between market reference rate 56.25 and exchange rate charged 55.052.12
Total cost (%)
28.5428.54
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
391.0057.08
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
390.0056.93
Exchange rate margin (%)
1.66
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.66
Total cost (%)
30.1330.13
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
412.7860.26
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
435.0063.50
Exchange rate margin (%)
-0.98
Percentage difference between market reference rate 56.75 and exchange rate charged 57.30-0.98
Total cost (%)
30.7730.77
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
421.5561.54
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
299.0043.65
Exchange rate margin (%)
9.82
Percentage difference between market reference rate 56.34 and exchange rate charged 50.819.82
Total cost (%)
31.6431.64
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
433.4763.28
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
550.0080.29
Exchange rate margin (%)
9.99
Percentage difference between market reference rate 56.36 and exchange rate charged 50.739.99
Total cost (%)
50.1450.14
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
686.92100.28
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
550.0080.29
Exchange rate margin (%)
9.99
Percentage difference between market reference rate 56.36 and exchange rate charged 50.739.99
Total cost (%)
50.1450.14
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
686.92100.28
Total Average First Quarter
8.268.26
Total Average Fourth Quarter 2022
9.459.45
Total Average
Fee
163.5023.87
Exchange Rate Margin (%)
-3.67-3.67
Total Cost Percent (%)
8.268.26
Total Cost (ZAR) Total Cost (USD)
113.2016.53
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
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
224.0032.84
Exchange rate margin (%)
-22.02
Percentage difference between market reference rate 55.87 and exchange rate charged 68.17-22.02
Total cost (%)
-15.45-15.45
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-526.85-77.25
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
224.0032.84
Exchange rate margin (%)
-21.99
Percentage difference between market reference rate 56.09 and exchange rate charged 68.42-21.99
Total cost (%)
-15.42-15.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-525.82-77.10
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
-14.38
Percentage difference between market reference rate 56.11 and exchange rate charged 64.18-14.38
Total cost (%)
-14.38-14.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-490.36-71.90
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
-14.23
Percentage difference between market reference rate 56.55 and exchange rate charged 64.60-14.23
Total cost (%)
-14.23-14.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-485.24-71.15
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
-13.94
Percentage difference between market reference rate 56.74 and exchange rate charged 64.65-13.94
Total cost (%)
-13.94-13.94
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-475.35-69.70
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
103.5015.18
Exchange rate margin (%)
-10.27
Percentage difference between market reference rate 56.62 and exchange rate charged 62.44-10.27
Total cost (%)
-7.23-7.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-246.54-36.15
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.67
Exchange rate margin (%)
-4.24
Percentage difference between market reference rate 56.25 and exchange rate charged 58.64-4.24
Total cost (%)
-3.51-3.51
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-119.69-17.55
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.67
Exchange rate margin (%)
-4.24
Percentage difference between market reference rate 56.25 and exchange rate charged 58.64-4.24
Total cost (%)
-3.51-3.51
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-119.69-17.55
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.67
Exchange rate margin (%)
-4.24
Percentage difference between market reference rate 56.25 and exchange rate charged 58.64-4.24
Total cost (%)
-3.51-3.51
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-119.69-17.55
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
310.0045.45
Exchange rate margin (%)
-12.08
Percentage difference between market reference rate 55.99 and exchange rate charged 62.76-12.08
Total cost (%)
-2.99-2.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-101.96-14.95
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
310.0045.45
Exchange rate margin (%)
-12.08
Percentage difference between market reference rate 55.99 and exchange rate charged 62.76-12.08
Total cost (%)
-2.99-2.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-101.96-14.95
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
310.0045.45
Exchange rate margin (%)
-12.08
Percentage difference between market reference rate 55.99 and exchange rate charged 62.76-12.08
Total cost (%)
-2.99-2.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-101.96-14.95
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.67
Exchange rate margin (%)
-3.12
Percentage difference between market reference rate 56.25 and exchange rate charged 58.01-3.12
Total cost (%)
-2.39-2.39
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-81.50-11.95
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.67
Exchange rate margin (%)
-3.12
Percentage difference between market reference rate 56.25 and exchange rate charged 58.01-3.12
Total cost (%)
-2.39-2.39
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-81.50-11.95
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
25.003.67
Exchange rate margin (%)
-3.12
Percentage difference between market reference rate 56.25 and exchange rate charged 58.01-3.12
Total cost (%)
-2.39-2.39
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
-81.50-11.95
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
280.0041.06
Exchange rate margin (%)
-0.98
Percentage difference between market reference rate 56.65 and exchange rate charged 57.21-0.98
Total cost (%)
7.237.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
246.5436.15
Firm
EcoCash Remit
Firm type: Mobile Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
58.828.62
Exchange rate margin (%)
6.30
Percentage difference between market reference rate 56.11 and exchange rate charged 52.576.30
Total cost (%)
8.028.02
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
273.4840.10
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
260.8638.25
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
8.628.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
293.9443.10
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
260.8638.25
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
8.628.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
293.9443.10
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
260.8638.25
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
8.628.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
293.9443.10
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
435.0063.78
Exchange rate margin (%)
-0.98
Percentage difference between market reference rate 56.75 and exchange rate charged 57.30-0.98
Total cost (%)
11.7811.78
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
401.7058.90
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
234.8734.44
Exchange rate margin (%)
5.77
Percentage difference between market reference rate 55.87 and exchange rate charged 52.655.77
Total cost (%)
12.6612.66
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
431.7163.30
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
234.8734.44
Exchange rate margin (%)
5.77
Percentage difference between market reference rate 55.87 and exchange rate charged 52.655.77
Total cost (%)
12.6612.66
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
431.7163.30
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
361.9053.06
Exchange rate margin (%)
2.12
Percentage difference between market reference rate 56.25 and exchange rate charged 55.052.12
Total cost (%)
12.7312.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
434.0963.65
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
390.0057.18
Exchange rate margin (%)
1.66
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.66
Total cost (%)
13.1013.10
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
446.7165.50
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
299.0043.84
Exchange rate margin (%)
9.82
Percentage difference between market reference rate 56.34 and exchange rate charged 50.819.82
Total cost (%)
18.5918.59
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
633.9292.95
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
550.0080.65
Exchange rate margin (%)
9.99
Percentage difference between market reference rate 56.36 and exchange rate charged 50.739.99
Total cost (%)
26.1226.12
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
890.69130.60
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
550.0080.65
Exchange rate margin (%)
9.99
Percentage difference between market reference rate 56.36 and exchange rate charged 50.739.99
Total cost (%)
26.1226.12
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
890.69130.60
Total Average First Quarter
2.412.41
Total Average Fourth Quarter 2022
4.084.08
Total Average
Fee
207.4530.42
Exchange Rate Margin (%)
-3.67-3.67
Total Cost Percent (%)
2.412.41
Total Cost (ZAR) Total Cost (USD)
82.2712.06
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
Least Costly Corridors To Malawi
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