Remittance Prices Worldwide

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Transfer money

Sending money from SOUTH-AFRICA to MALAWI

Data collected on: Aug 15, 2025 - Aug 26, 2025
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 descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
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
70.00
Exchange rate margin(%)
59.03
Percentage difference between market reference rate 226.40 and exchange rate charged 92.75
Total cost (%)
64.14
Total cost (ZAR)sort descending
878.71
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
80.00
Exchange rate margin(%)
59.03
Percentage difference between market reference rate 226.40 and exchange rate charged 92.75
Total cost (%)
64.87
Total cost (ZAR)sort descending
888.71
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
80.00
Exchange rate margin(%)
59.03
Percentage difference between market reference rate 226.40 and exchange rate charged 92.75
Total cost (%)
64.87
Total cost (ZAR)sort descending
888.71
Firm
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
88.95
Exchange rate margin(%)
58.80
Percentage difference between market reference rate 226.40 and exchange rate charged 93.27
Total cost (%)
65.29
Total cost (ZAR)sort descending
894.51
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
259.00
Exchange rate margin(%)
57.34
Percentage difference between market reference rate 226.40 and exchange rate charged 96.59
Total cost (%)
76.25
Total cost (ZAR)sort descending
1044.56
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
418.30
Exchange rate margin(%)
57.18
Percentage difference between market reference rate 226.40 and exchange rate charged 96.95
Total cost (%)
87.71
Total cost (ZAR)sort descending
1201.67
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
25.00
Exchange rate margin(%)
42.58
Percentage difference between market reference rate 226.40 and exchange rate charged 130.01
Total cost (%)
44.40
Total cost (ZAR)sort descending
608.35
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
25.00
Exchange rate margin(%)
42.58
Percentage difference between market reference rate 226.40 and exchange rate charged 130.01
Total cost (%)
44.40
Total cost (ZAR)sort descending
608.35
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
25.00
Exchange rate margin(%)
42.58
Percentage difference between market reference rate 226.40 and exchange rate charged 130.01
Total cost (%)
44.40
Total cost (ZAR)sort descending
608.35
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
25.00
Exchange rate margin(%)
20.13
Percentage difference between market reference rate 226.40 and exchange rate charged 180.83
Total cost (%)
21.95
Total cost (ZAR)sort descending
300.78
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
Medium 
Fee
427.50
Exchange rate margin(%)
2.31
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
Total cost (%)
33.51
Total cost (ZAR)sort descending
459.15
Firm
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium 
Transfer speed
Receiving method
Disbursing network coverage
High 
Fee
204.92
Exchange rate margin(%)
0.89
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
Total cost (%)
15.85
Total cost (ZAR)sort descending
217.11
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
450.00
Exchange rate margin(%)
0.09
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
Total cost (%)
32.94
Total cost (ZAR)sort descending
451.23
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
450.00
Exchange rate margin(%)
0.09
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
Total cost (%)
32.94
Total cost (ZAR)sort descending
451.23
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
450.00
Exchange rate margin(%)
0.09
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
Total cost (%)
32.94
Total cost (ZAR)sort descending
451.23
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
41.10
Exchange rate margin(%)
-6.00
Percentage difference between market reference rate 226.40 and exchange rate charged 240.00
Total cost (%)
-3.00
Total cost (ZAR)sort descending
-41.10
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
68.50
Exchange rate margin(%)
-7.49
Percentage difference between market reference rate 226.40 and exchange rate charged 243.37
Total cost (%)
-2.49
Total cost (ZAR)sort descending
-34.11
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
68.50
Exchange rate margin(%)
-7.49
Percentage difference between market reference rate 226.40 and exchange rate charged 243.37
Total cost (%)
-2.49
Total cost (ZAR)sort descending
-34.11
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
137.00
Exchange rate margin(%)
-9.58
Percentage difference between market reference rate 226.40 and exchange rate charged 248.10
Total cost (%)
0.42
Total cost (ZAR)sort descending
5.75
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
137.00
Exchange rate margin(%)
-9.61
Percentage difference between market reference rate 226.40 and exchange rate charged 248.15
Total cost (%)
0.39
Total cost (ZAR)sort descending
5.34
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
200.00
Exchange rate margin(%)
-11.14
Percentage difference between market reference rate 226.40 and exchange rate charged 251.62
Total cost (%)
3.46
Total cost (ZAR)sort descending
47.38
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
200.00
Exchange rate margin(%)
-11.14
Percentage difference between market reference rate 226.40 and exchange rate charged 251.62
Total cost (%)
3.46
Total cost (ZAR)sort descending
47.38
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
137.00
Exchange rate margin(%)
-12.11
Percentage difference between market reference rate 226.40 and exchange rate charged 253.83
Total cost (%)
-2.11
Total cost (ZAR)sort descending
-28.91
Total Average Third Quarter 2025
31.48
Total Average Second Quarter 2025
0
Total Average
Fee
176.86
Exchange Rate Margin (%)
18.57
Total Cost Percent (%)
31.48
Total Cost (ZAR)
431.32
Non-Transparent records
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