Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to
Transfer money

Sending money from SOUTH AFRICA to ZAMBIA

Data collected on: May 21, 2024-Jun 02, 2024
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
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
47.957.00
Exchange rate margin (%)
2.03
Percentage difference between market reference rate 1.43 and exchange rate charged 1.402.03
Total cost (%)
5.535.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
75.7611.06
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
47.957.00
Exchange rate margin (%)
2.03
Percentage difference between market reference rate 1.43 and exchange rate charged 1.402.03
Total cost (%)
5.535.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
75.7611.06
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
47.957.00
Exchange rate margin (%)
2.03
Percentage difference between market reference rate 1.43 and exchange rate charged 1.402.03
Total cost (%)
5.535.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
75.7611.06
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
100.0014.60
Exchange rate margin (%)
0.20
Percentage difference between market reference rate 1.43 and exchange rate charged 1.430.20
Total cost (%)
7.507.50
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
102.7515.00
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
24.993.65
Exchange rate margin (%)
6.11
Percentage difference between market reference rate 1.43 and exchange rate charged 1.356.11
Total cost (%)
7.937.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
108.6415.86
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
24.993.65
Exchange rate margin (%)
6.11
Percentage difference between market reference rate 1.43 and exchange rate charged 1.356.11
Total cost (%)
7.937.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
108.6415.86
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
100.0014.60
Exchange rate margin (%)
1.13
Percentage difference between market reference rate 1.44 and exchange rate charged 1.431.13
Total cost (%)
8.438.43
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
115.4916.86
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
100.0014.60
Exchange rate margin (%)
1.72
Percentage difference between market reference rate 1.45 and exchange rate charged 1.431.72
Total cost (%)
9.029.02
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
123.5718.04
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
0.05
Percentage difference between market reference rate 1.37 and exchange rate charged 1.370.05
Total cost (%)
10.0510.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
137.6920.10
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
0.05
Percentage difference between market reference rate 1.37 and exchange rate charged 1.370.05
Total cost (%)
10.0510.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
137.6920.10
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
66.009.64
Exchange rate margin (%)
5.27
Percentage difference between market reference rate 1.44 and exchange rate charged 1.365.27
Total cost (%)
10.0910.09
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
138.2320.18
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
137.0020.00
Exchange rate margin (%)
0.84
Percentage difference between market reference rate 1.41 and exchange rate charged 1.400.84
Total cost (%)
10.8410.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
148.5121.68
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
66.009.64
Exchange rate margin (%)
6.21
Percentage difference between market reference rate 1.45 and exchange rate charged 1.366.21
Total cost (%)
11.0311.03
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
151.1122.06
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
130.0018.98
Exchange rate margin (%)
2.16
Percentage difference between market reference rate 1.46 and exchange rate charged 1.432.16
Total cost (%)
11.6511.65
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
159.6123.30
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
3.01
Percentage difference between market reference rate 1.43 and exchange rate charged 1.383.01
Total cost (%)
13.0113.01
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
178.2426.02
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
137.0020.00
Exchange rate margin (%)
3.03
Percentage difference between market reference rate 1.37 and exchange rate charged 1.333.03
Total cost (%)
13.0313.03
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
178.5126.06
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
137.0020.00
Exchange rate margin (%)
3.03
Percentage difference between market reference rate 1.37 and exchange rate charged 1.333.03
Total cost (%)
13.0313.03
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
178.5126.06
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
3.03
Percentage difference between market reference rate 1.37 and exchange rate charged 1.333.03
Total cost (%)
13.0313.03
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
178.5126.06
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
3.06
Percentage difference between market reference rate 1.44 and exchange rate charged 1.403.06
Total cost (%)
13.0613.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
178.9226.12
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
137.0020.00
Exchange rate margin (%)
3.06
Percentage difference between market reference rate 1.44 and exchange rate charged 1.403.06
Total cost (%)
13.0613.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
178.9226.12
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
3.47
Percentage difference between market reference rate 1.43 and exchange rate charged 1.383.47
Total cost (%)
13.4713.47
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
184.5426.94
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
3.66
Percentage difference between market reference rate 1.44 and exchange rate charged 1.383.66
Total cost (%)
13.6613.66
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
187.1427.32
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
137.0020.00
Exchange rate margin (%)
3.69
Percentage difference between market reference rate 1.44 and exchange rate charged 1.383.69
Total cost (%)
13.6913.69
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
187.5527.38
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
Medium
Fee
214.0231.24
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.01
Total cost (%)
16.6316.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
227.8333.26
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
Medium
Fee
216.0131.53
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.01
Total cost (%)
16.7816.78
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
229.8933.56
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
Medium
Fee
216.0131.53
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.01
Total cost (%)
16.7816.78
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
229.8933.56
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
Medium
Fee
216.0131.53
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.01
Total cost (%)
16.7816.78
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
229.8933.56
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
214.1531.26
Exchange rate margin (%)
2.25
Percentage difference between market reference rate 1.46 and exchange rate charged 1.432.25
Total cost (%)
17.8817.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
244.9635.76
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
214.1531.26
Exchange rate margin (%)
2.49
Percentage difference between market reference rate 1.47 and exchange rate charged 1.432.49
Total cost (%)
18.1218.12
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
248.2436.24
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
214.1531.26
Exchange rate margin (%)
2.68
Percentage difference between market reference rate 1.47 and exchange rate charged 1.432.68
Total cost (%)
18.3118.31
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
250.8536.62
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
230.0033.58
Exchange rate margin (%)
2.16
Percentage difference between market reference rate 1.46 and exchange rate charged 1.432.16
Total cost (%)
18.9518.95
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
259.6237.90
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
230.0033.58
Exchange rate margin (%)
2.16
Percentage difference between market reference rate 1.46 and exchange rate charged 1.432.16
Total cost (%)
18.9518.95
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
259.6237.90
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 (%)
1.34
Percentage difference between market reference rate 1.47 and exchange rate charged 1.451.34
Total cost (%)
21.7821.78
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
298.3943.56
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
259.0037.81
Exchange rate margin (%)
4.04
Percentage difference between market reference rate 1.45 and exchange rate charged 1.394.04
Total cost (%)
22.9522.95
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
314.4245.90
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
381.9055.75
Exchange rate margin (%)
2.68
Percentage difference between market reference rate 1.45 and exchange rate charged 1.412.68
Total cost (%)
30.5630.56
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
418.6761.12
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 (%)
0.48
Percentage difference between market reference rate 1.37 and exchange rate charged 1.370.48
Total cost (%)
32.2332.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
441.5564.46
Total Average Second Quarter
14.0814.08
Total Average First Quarter
13.3413.34
Total Average
Fee
158.9023.20
Exchange Rate Margin (%)
2.482.48
Total Cost Percent (%)
14.0814.08
Total Cost (ZAR) Total Cost (USD)
192.8928.16
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days 3-5 days
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
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
100.0014.66
Exchange rate margin (%)
0.20
Percentage difference between market reference rate 1.43 and exchange rate charged 1.430.20
Total cost (%)
3.133.13
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
106.7315.65
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
100.0014.66
Exchange rate margin (%)
1.13
Percentage difference between market reference rate 1.44 and exchange rate charged 1.431.13
Total cost (%)
4.064.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
138.4520.30
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
100.0014.66
Exchange rate margin (%)
1.72
Percentage difference between market reference rate 1.45 and exchange rate charged 1.431.72
Total cost (%)
4.654.65
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
158.5723.25
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
119.3517.50
Exchange rate margin (%)
2.03
Percentage difference between market reference rate 1.43 and exchange rate charged 1.402.03
Total cost (%)
5.535.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
188.5727.65
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
119.3517.50
Exchange rate margin (%)
2.03
Percentage difference between market reference rate 1.43 and exchange rate charged 1.402.03
Total cost (%)
5.535.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
188.5727.65
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
119.3517.50
Exchange rate margin (%)
2.03
Percentage difference between market reference rate 1.43 and exchange rate charged 1.402.03
Total cost (%)
5.535.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
188.5727.65
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
150.0021.99
Exchange rate margin (%)
2.16
Percentage difference between market reference rate 1.46 and exchange rate charged 1.432.16
Total cost (%)
6.566.56
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
223.7032.80
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
24.993.66
Exchange rate margin (%)
6.11
Percentage difference between market reference rate 1.43 and exchange rate charged 1.356.11
Total cost (%)
6.846.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
233.2434.20
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
24.993.66
Exchange rate margin (%)
6.11
Percentage difference between market reference rate 1.43 and exchange rate charged 1.356.11
Total cost (%)
6.846.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
233.2434.20
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
250.0036.66
Exchange rate margin (%)
2.16
Percentage difference between market reference rate 1.46 and exchange rate charged 1.432.16
Total cost (%)
9.499.49
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
323.6147.45
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
250.0036.66
Exchange rate margin (%)
2.16
Percentage difference between market reference rate 1.46 and exchange rate charged 1.432.16
Total cost (%)
9.499.49
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
323.6147.45
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 (%)
1.34
Percentage difference between market reference rate 1.47 and exchange rate charged 1.451.34
Total cost (%)
9.559.55
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
325.6647.75
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
Medium
Fee
299.6343.93
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.01
Total cost (%)
9.809.80
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
334.1849.00
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
Medium
Fee
302.4244.34
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.01
Total cost (%)
9.889.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
336.9149.40
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
Medium
Fee
302.4244.34
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.01
Total cost (%)
9.889.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
336.9149.40
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
Medium
Fee
302.4244.34
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.01
Total cost (%)
9.889.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
336.9149.40
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
0.05
Percentage difference between market reference rate 1.37 and exchange rate charged 1.370.05
Total cost (%)
10.0510.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
342.7150.25
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
163.0023.90
Exchange rate margin (%)
5.27
Percentage difference between market reference rate 1.44 and exchange rate charged 1.365.27
Total cost (%)
10.0510.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
342.7150.25
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
0.05
Percentage difference between market reference rate 1.37 and exchange rate charged 1.370.05
Total cost (%)
10.0510.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
342.7150.25
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
278.4040.82
Exchange rate margin (%)
2.25
Percentage difference between market reference rate 1.46 and exchange rate charged 1.432.25
Total cost (%)
10.4110.41
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
354.9852.05
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
278.4040.82
Exchange rate margin (%)
2.49
Percentage difference between market reference rate 1.47 and exchange rate charged 1.432.49
Total cost (%)
10.6510.65
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
363.1753.25
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
341.0050.00
Exchange rate margin (%)
0.84
Percentage difference between market reference rate 1.41 and exchange rate charged 1.400.84
Total cost (%)
10.8410.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
369.6454.20
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
278.4040.82
Exchange rate margin (%)
2.68
Percentage difference between market reference rate 1.47 and exchange rate charged 1.432.68
Total cost (%)
10.8410.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
369.6454.20
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
163.0023.90
Exchange rate margin (%)
6.21
Percentage difference between market reference rate 1.45 and exchange rate charged 1.366.21
Total cost (%)
10.9910.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
374.7654.95
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
259.0037.98
Exchange rate margin (%)
4.04
Percentage difference between market reference rate 1.45 and exchange rate charged 1.394.04
Total cost (%)
11.6411.64
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
396.9258.20
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
3.01
Percentage difference between market reference rate 1.43 and exchange rate charged 1.383.01
Total cost (%)
13.0113.01
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
443.6465.05
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
3.03
Percentage difference between market reference rate 1.37 and exchange rate charged 1.333.03
Total cost (%)
13.0313.03
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
444.3265.15
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
341.0050.00
Exchange rate margin (%)
3.03
Percentage difference between market reference rate 1.37 and exchange rate charged 1.333.03
Total cost (%)
13.0313.03
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
444.3265.15
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
341.0050.00
Exchange rate margin (%)
3.03
Percentage difference between market reference rate 1.37 and exchange rate charged 1.333.03
Total cost (%)
13.0313.03
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
444.3265.15
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
341.0050.00
Exchange rate margin (%)
3.06
Percentage difference between market reference rate 1.44 and exchange rate charged 1.403.06
Total cost (%)
13.0613.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
445.3565.30
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
3.06
Percentage difference between market reference rate 1.44 and exchange rate charged 1.403.06
Total cost (%)
13.0613.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
445.3565.30
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 (%)
0.48
Percentage difference between market reference rate 1.37 and exchange rate charged 1.370.48
Total cost (%)
13.2413.24
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
451.4866.20
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
3.47
Percentage difference between market reference rate 1.43 and exchange rate charged 1.383.47
Total cost (%)
13.4713.47
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
459.3367.35
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
3.66
Percentage difference between market reference rate 1.44 and exchange rate charged 1.383.66
Total cost (%)
13.6613.66
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
465.8168.30
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
3.69
Percentage difference between market reference rate 1.44 and exchange rate charged 1.383.69
Total cost (%)
13.6913.69
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
466.8368.45
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
381.9056.00
Exchange rate margin (%)
2.68
Percentage difference between market reference rate 1.45 and exchange rate charged 1.412.68
Total cost (%)
13.8813.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
473.3169.40
Total Average Second Quarter
9.959.95
Total Average First Quarter
8.788.78
Total Average
Fee
254.8337.37
Exchange Rate Margin (%)
2.482.48
Total Cost Percent (%)
9.959.95
Total Cost (ZAR) Total Cost (USD)
339.4149.77
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