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: Nov 18, 2024-Dec 06, 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 (%)
1.88
Percentage difference between market reference rate 1.52 and exchange rate charged 1.491.88
Total cost (%)
5.385.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
73.7110.76
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 (%)
1.88
Percentage difference between market reference rate 1.52 and exchange rate charged 1.491.88
Total cost (%)
5.385.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
73.7110.76
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 (%)
1.88
Percentage difference between market reference rate 1.52 and exchange rate charged 1.491.88
Total cost (%)
5.385.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
73.7110.76
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 (%)
5.23
Percentage difference between market reference rate 1.52 and exchange rate charged 1.445.23
Total cost (%)
7.057.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
96.5914.10
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 (%)
5.23
Percentage difference between market reference rate 1.52 and exchange rate charged 1.445.23
Total cost (%)
7.057.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
96.5914.10
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 (%)
-0.01
Percentage difference between market reference rate 1.53 and exchange rate charged 1.53-0.01
Total cost (%)
7.297.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
99.8714.58
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 (%)
0.05
Percentage difference between market reference rate 1.53 and exchange rate charged 1.530.05
Total cost (%)
7.357.35
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
100.7014.70
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 (%)
2.82
Percentage difference between market reference rate 1.49 and exchange rate charged 1.452.82
Total cost (%)
7.647.64
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
104.6715.28
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 (%)
4.25
Percentage difference between market reference rate 1.51 and exchange rate charged 1.454.25
Total cost (%)
9.079.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
124.2618.14
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
129.3918.89
Exchange rate margin (%)
-0.25
Percentage difference between market reference rate 1.52 and exchange rate charged 1.53-0.25
Total cost (%)
9.199.19
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
125.9018.38
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 (%)
-0.43
Percentage difference between market reference rate 1.48 and exchange rate charged 1.49-0.43
Total cost (%)
9.579.57
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
131.1119.14
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 (%)
0.20
Percentage difference between market reference rate 1.52 and exchange rate charged 1.520.20
Total cost (%)
10.2010.20
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
139.7420.40
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 (%)
0.20
Percentage difference between market reference rate 1.52 and exchange rate charged 1.520.20
Total cost (%)
10.2010.20
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
139.7420.40
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 (%)
0.20
Percentage difference between market reference rate 1.52 and exchange rate charged 1.520.20
Total cost (%)
10.2010.20
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
139.7420.40
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 (%)
0.20
Percentage difference between market reference rate 1.52 and exchange rate charged 1.520.20
Total cost (%)
10.2010.20
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
139.7420.40
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
105.8215.45
Exchange rate margin (%)
2.89
Percentage difference between market reference rate 1.52 and exchange rate charged 1.482.89
Total cost (%)
10.6110.61
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
145.3621.22
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 (%)
0.71
Percentage difference between market reference rate 1.54 and exchange rate charged 1.530.71
Total cost (%)
10.7110.71
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
146.7321.42
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 (%)
0.71
Percentage difference between market reference rate 1.54 and exchange rate charged 1.530.71
Total cost (%)
10.7110.71
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
146.7321.42
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 (%)
0.76
Percentage difference between market reference rate 1.52 and exchange rate charged 1.510.76
Total cost (%)
10.7610.76
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
147.4121.52
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 (%)
1.26
Percentage difference between market reference rate 1.53 and exchange rate charged 1.511.26
Total cost (%)
11.2611.26
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
154.2622.52
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 (%)
1.28
Percentage difference between market reference rate 1.54 and exchange rate charged 1.521.28
Total cost (%)
11.2811.28
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
154.5422.56
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 (%)
1.30
Percentage difference between market reference rate 1.52 and exchange rate charged 1.501.30
Total cost (%)
11.3011.30
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
154.8122.60
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 (%)
1.49
Percentage difference between market reference rate 1.52 and exchange rate charged 1.501.49
Total cost (%)
11.4911.49
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
157.4122.98
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 (%)
2.89
Percentage difference between market reference rate 1.52 and exchange rate charged 1.482.89
Total cost (%)
12.3812.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
169.6124.76
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
209.4730.58
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.050.92
Total cost (%)
16.2116.21
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
222.0832.42
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
214.0231.24
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.12
Total cost (%)
16.7416.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
229.3433.48
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
214.0231.24
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.12
Total cost (%)
16.7416.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
229.3433.48
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
214.0231.24
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.12
Total cost (%)
16.7416.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
229.3433.48
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
210.1930.68
Exchange rate margin (%)
2.22
Percentage difference between market reference rate 1.52 and exchange rate charged 1.492.22
Total cost (%)
17.5617.56
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
240.5735.12
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
210.1930.68
Exchange rate margin (%)
3.31
Percentage difference between market reference rate 1.54 and exchange rate charged 1.493.31
Total cost (%)
18.6518.65
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
255.5137.30
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 (%)
2.89
Percentage difference between market reference rate 1.52 and exchange rate charged 1.482.89
Total cost (%)
19.6819.68
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
269.6239.36
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 (%)
2.89
Percentage difference between market reference rate 1.52 and exchange rate charged 1.482.89
Total cost (%)
19.6819.68
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
269.6239.36
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 (%)
1.26
Percentage difference between market reference rate 1.53 and exchange rate charged 1.511.26
Total cost (%)
21.7021.70
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
297.2943.40
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 (%)
3.42
Percentage difference between market reference rate 1.53 and exchange rate charged 1.483.42
Total cost (%)
22.3322.33
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
305.9244.66
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 (%)
3.33
Percentage difference between market reference rate 1.53 and exchange rate charged 1.483.33
Total cost (%)
31.2131.21
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
427.5862.42
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 (%)
0.92
Percentage difference between market reference rate 1.53 and exchange rate charged 1.520.92
Total cost (%)
32.6732.67
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
447.5865.34
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
420.0061.31
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.06 and exchange rate charged 0.052.38
Total cost (%)
33.0433.04
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
452.6566.08
Total Average Fourth Quarter 2024
13.6413.64
Total Average Third Quarter 2024
13.6213.62
Total Average
Fee
163.3223.84
Exchange Rate Margin (%)
1.721.72
Total Cost Percent (%)
13.6413.64
Total Cost (ZAR) Total Cost (USD)
186.8427.28
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next 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
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.66
Exchange rate margin (%)
-0.01
Percentage difference between market reference rate 1.53 and exchange rate charged 1.53-0.01
Total cost (%)
2.922.92
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
99.5714.60
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 (%)
0.05
Percentage difference between market reference rate 1.53 and exchange rate charged 1.530.05
Total cost (%)
2.982.98
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
101.6214.90
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
170.2024.96
Exchange rate margin (%)
-0.25
Percentage difference between market reference rate 1.52 and exchange rate charged 1.53-0.25
Total cost (%)
4.744.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
161.6323.70
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 (%)
1.88
Percentage difference between market reference rate 1.52 and exchange rate charged 1.491.88
Total cost (%)
5.385.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
183.4626.90
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 (%)
1.88
Percentage difference between market reference rate 1.52 and exchange rate charged 1.491.88
Total cost (%)
5.385.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
183.4626.90
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 (%)
1.88
Percentage difference between market reference rate 1.52 and exchange rate charged 1.491.88
Total cost (%)
5.385.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
183.4626.90
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 (%)
5.23
Percentage difference between market reference rate 1.52 and exchange rate charged 1.445.23
Total cost (%)
5.965.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
203.2429.80
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 (%)
5.23
Percentage difference between market reference rate 1.52 and exchange rate charged 1.445.23
Total cost (%)
5.965.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
203.2429.80
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 (%)
2.89
Percentage difference between market reference rate 1.52 and exchange rate charged 1.482.89
Total cost (%)
7.297.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
248.5936.45
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 (%)
2.82
Percentage difference between market reference rate 1.49 and exchange rate charged 1.452.82
Total cost (%)
7.607.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
259.1638.00
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 (%)
4.25
Percentage difference between market reference rate 1.51 and exchange rate charged 1.454.25
Total cost (%)
9.039.03
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
307.9245.15
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
211.6531.03
Exchange rate margin (%)
2.89
Percentage difference between market reference rate 1.52 and exchange rate charged 1.482.89
Total cost (%)
9.109.10
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
310.3145.50
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 (%)
1.26
Percentage difference between market reference rate 1.53 and exchange rate charged 1.511.26
Total cost (%)
9.479.47
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
322.9347.35
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 (%)
-0.50
Percentage difference between market reference rate 1.53 and exchange rate charged 1.54-0.50
Total cost (%)
9.509.50
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
323.9547.50
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
293.2643.00
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.050.92
Total cost (%)
9.529.52
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
324.6347.60
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 (%)
-0.43
Percentage difference between market reference rate 1.48 and exchange rate charged 1.49-0.43
Total cost (%)
9.579.57
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
326.3447.85
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
299.6343.93
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.12
Total cost (%)
9.919.91
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
337.9349.55
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
299.6343.93
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.12
Total cost (%)
9.919.91
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
337.9349.55
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
299.6343.93
Exchange rate margin (%)
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.12
Total cost (%)
9.919.91
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
337.9349.55
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 (%)
0.20
Percentage difference between market reference rate 1.52 and exchange rate charged 1.520.20
Total cost (%)
10.2010.20
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
347.8251.00
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 (%)
0.20
Percentage difference between market reference rate 1.52 and exchange rate charged 1.520.20
Total cost (%)
10.2010.20
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
347.8251.00
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 (%)
0.20
Percentage difference between market reference rate 1.52 and exchange rate charged 1.520.20
Total cost (%)
10.2010.20
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
347.8251.00
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 (%)
0.20
Percentage difference between market reference rate 1.52 and exchange rate charged 1.520.20
Total cost (%)
10.2010.20
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
347.8251.00
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 (%)
2.89
Percentage difference between market reference rate 1.52 and exchange rate charged 1.482.89
Total cost (%)
10.2210.22
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
348.5051.10
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 (%)
2.89
Percentage difference between market reference rate 1.52 and exchange rate charged 1.482.89
Total cost (%)
10.2210.22
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
348.5051.10
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
273.2440.06
Exchange rate margin (%)
2.22
Percentage difference between market reference rate 1.52 and exchange rate charged 1.492.22
Total cost (%)
10.2310.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
348.8451.15
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 (%)
0.71
Percentage difference between market reference rate 1.54 and exchange rate charged 1.530.71
Total cost (%)
10.7110.71
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
365.2153.55
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 (%)
0.71
Percentage difference between market reference rate 1.54 and exchange rate charged 1.530.71
Total cost (%)
10.7110.71
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
365.2153.55
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 (%)
0.76
Percentage difference between market reference rate 1.52 and exchange rate charged 1.510.76
Total cost (%)
10.7610.76
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
366.9253.80
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 (%)
3.42
Percentage difference between market reference rate 1.53 and exchange rate charged 1.483.42
Total cost (%)
11.0211.02
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
375.7855.10
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
341.0050.00
Exchange rate margin (%)
1.28
Percentage difference between market reference rate 1.54 and exchange rate charged 1.521.28
Total cost (%)
11.2811.28
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
384.6556.40
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 (%)
1.30
Percentage difference between market reference rate 1.52 and exchange rate charged 1.501.30
Total cost (%)
11.3011.30
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
385.3356.50
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
273.2440.06
Exchange rate margin (%)
3.31
Percentage difference between market reference rate 1.54 and exchange rate charged 1.493.31
Total cost (%)
11.3211.32
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
386.0156.60
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 (%)
1.49
Percentage difference between market reference rate 1.52 and exchange rate charged 1.501.49
Total cost (%)
11.4911.49
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
391.8157.45
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 (%)
0.92
Percentage difference between market reference rate 1.53 and exchange rate charged 1.520.92
Total cost (%)
13.6813.68
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
466.4968.40
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 (%)
3.33
Percentage difference between market reference rate 1.53 and exchange rate charged 1.483.33
Total cost (%)
14.5314.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
495.4772.65
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
420.0061.58
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.06 and exchange rate charged 0.052.38
Total cost (%)
14.7014.70
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
501.2773.50
Total Average Fourth Quarter 2024
9.269.26
Total Average Third Quarter 2024
9.309.30
Total Average
Fee
258.7137.93
Exchange Rate Margin (%)
1.671.67
Total Cost Percent (%)
9.269.26
Total Cost (ZAR) Total Cost (USD)
315.6446.28
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