Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to ZAMBIA

Data collected on: Aug 09, 2022-Sep 01, 2022
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)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.
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.000.73
3.80
Percentage difference between market reference rate 0.89 and exchange rate charged 0.86
3.80
4.164.16
56.998.32
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
52.507.66
1.83
Percentage difference between market reference rate 0.97 and exchange rate charged 0.95
1.83
5.665.66
77.5411.32
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
52.507.66
2.21
Percentage difference between market reference rate 0.95 and exchange rate charged 0.92
2.21
6.046.04
82.7512.08
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
41.106.00
3.80
Percentage difference between market reference rate 0.89 and exchange rate charged 0.86
3.80
6.806.80
93.1613.60
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
-0.02
Percentage difference between market reference rate 0.95 and exchange rate charged 0.95
-0.02
7.287.28
99.7414.56
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
-0.02
Percentage difference between market reference rate 0.95 and exchange rate charged 0.95
-0.02
7.287.28
99.7414.56
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.39
4.32
Percentage difference between market reference rate 0.95 and exchange rate charged 0.91
4.32
8.518.51
116.5917.02
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
66.009.64
4.15
Percentage difference between market reference rate 0.96 and exchange rate charged 0.92
4.15
8.978.97
122.8917.94
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
68.5010.00
4.19
Percentage difference between market reference rate 0.96 and exchange rate charged 0.92
4.19
9.199.19
125.9018.38
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
125.0018.25
3.90
Percentage difference between market reference rate 0.95 and exchange rate charged 0.92
3.90
13.0213.02
178.3726.04
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
125.0018.25
4.02
Percentage difference between market reference rate 0.96 and exchange rate charged 0.92
4.02
13.1413.14
180.0226.28
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
195.0028.47
0.99
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
0.99
15.2215.22
208.5130.44
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
1.99
Percentage difference between market reference rate 0.95 and exchange rate charged 0.93
1.99
22.4322.43
307.2944.86
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
317.0046.28
2.38
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
2.38
25.5225.52
349.6251.04
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
299.0043.65
3.76
Percentage difference between market reference rate 0.96 and exchange rate charged 0.92
3.76
25.5925.59
350.5851.18
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
329.0048.03
5.98
Percentage difference between market reference rate 0.96 and exchange rate charged 0.90
5.98
30.0030.00
411.0060.00
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
1.58
Percentage difference between market reference rate 0.95 and exchange rate charged 0.93
1.58
33.3333.33
456.6266.66
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
550.0080.29
3.84
Percentage difference between market reference rate 0.96 and exchange rate charged 0.92
3.84
43.9943.99
602.6687.98
Total Average Third Quarter
15.9015.90
Total Average Second Quarter
14.4714.47
Total Average
Fee
177.6725.94
Exchange Rate Margin (%)
2.932.93
Total Cost Percent (%)
15.9015.90
Total Cost (ZAR) Total Cost (USD)
217.7831.79
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
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
-0.02
Percentage difference between market reference rate 0.95 and exchange rate charged 0.95
-0.02
2.912.91
99.2314.55
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
-0.02
Percentage difference between market reference rate 0.95 and exchange rate charged 0.95
-0.02
2.912.91
99.2314.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.000.73
3.80
Percentage difference between market reference rate 0.89 and exchange rate charged 0.86
3.80
3.943.94
134.3519.70
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
117.9517.29
1.83
Percentage difference between market reference rate 0.97 and exchange rate charged 0.95
1.83
5.295.29
180.3926.45
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
117.9517.29
2.21
Percentage difference between market reference rate 0.95 and exchange rate charged 0.92
2.21
5.675.67
193.3528.35
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.43
4.32
Percentage difference between market reference rate 0.95 and exchange rate charged 0.91
4.32
6.006.00
204.6030.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
102.3015.00
3.80
Percentage difference between market reference rate 0.89 and exchange rate charged 0.86
3.80
6.806.80
231.8834.00
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
163.0023.90
4.15
Percentage difference between market reference rate 0.96 and exchange rate charged 0.92
4.15
8.938.93
304.5144.65
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
170.5025.00
4.19
Percentage difference between market reference rate 0.96 and exchange rate charged 0.92
4.19
9.199.19
313.3845.95
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
312.0045.75
0.99
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
0.99
10.1310.13
345.4350.65
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
1.99
Percentage difference between market reference rate 0.95 and exchange rate charged 0.93
1.99
10.2010.20
347.8251.00
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
317.0046.48
2.38
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
2.38
11.6811.68
398.2958.40
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
299.0043.84
3.76
Percentage difference between market reference rate 0.96 and exchange rate charged 0.92
3.76
12.5312.53
427.2762.65
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
311.0045.60
3.90
Percentage difference between market reference rate 0.95 and exchange rate charged 0.92
3.90
13.0213.02
443.9865.10
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
311.0045.60
4.02
Percentage difference between market reference rate 0.96 and exchange rate charged 0.92
4.02
13.1413.14
448.0765.70
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
1.58
Percentage difference between market reference rate 0.95 and exchange rate charged 0.93
1.58
14.3414.34
488.9971.70
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
329.0048.24
5.98
Percentage difference between market reference rate 0.96 and exchange rate charged 0.90
5.98
15.6315.63
532.9878.15
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
550.0080.65
3.84
Percentage difference between market reference rate 0.96 and exchange rate charged 0.92
3.84
19.9719.97
680.9899.85
Total Average Third Quarter
9.579.57
Total Average Second Quarter
8.578.57
Total Average
Fee
226.5733.22
Exchange Rate Margin (%)
2.932.93
Total Cost Percent (%)
9.579.57
Total Cost (ZAR) Total Cost (USD)
326.3747.86
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