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: Aug 18, 2024-Aug 26, 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
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 (%)
2.91
Percentage difference between market reference rate 1.44 and exchange rate charged 1.402.91
Total cost (%)
4.734.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
64.809.46
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 (%)
2.94
Percentage difference between market reference rate 1.44 and exchange rate charged 1.402.94
Total cost (%)
4.764.76
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
65.219.52
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
47.947.00
Exchange rate margin (%)
2.10
Percentage difference between market reference rate 1.45 and exchange rate charged 1.422.10
Total cost (%)
5.605.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
76.7211.20
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
47.947.00
Exchange rate margin (%)
2.10
Percentage difference between market reference rate 1.45 and exchange rate charged 1.422.10
Total cost (%)
5.605.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
76.7211.20
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
47.947.00
Exchange rate margin (%)
2.10
Percentage difference between market reference rate 1.45 and exchange rate charged 1.422.10
Total cost (%)
5.605.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
76.7211.20
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 (%)
-0.16
Percentage difference between market reference rate 1.45 and exchange rate charged 1.45-0.16
Total cost (%)
7.147.14
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
97.8214.28
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 (%)
-0.01
Percentage difference between market reference rate 1.45 and exchange rate charged 1.45-0.01
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
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.60
Exchange rate margin (%)
0.15
Percentage difference between market reference rate 1.45 and exchange rate charged 1.450.15
Total cost (%)
7.457.45
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
102.0714.90
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
68.5010.00
Exchange rate margin (%)
4.37
Percentage difference between market reference rate 1.45 and exchange rate charged 1.394.37
Total cost (%)
9.379.37
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
128.3718.74
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
68.5010.00
Exchange rate margin (%)
4.37
Percentage difference between market reference rate 1.45 and exchange rate charged 1.394.37
Total cost (%)
9.379.37
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
128.3718.74
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 (%)
0.23
Percentage difference between market reference rate 1.45 and exchange rate charged 1.440.23
Total cost (%)
10.2310.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
140.1520.46
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 (%)
0.28
Percentage difference between market reference rate 1.45 and exchange rate charged 1.440.28
Total cost (%)
10.2810.28
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
140.8420.56
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 (%)
0.36
Percentage difference between market reference rate 1.45 and exchange rate charged 1.440.36
Total cost (%)
10.3610.36
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
141.9320.72
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
104.3615.24
Exchange rate margin (%)
2.94
Percentage difference between market reference rate 1.45 and exchange rate charged 1.412.94
Total cost (%)
10.5610.56
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
144.6721.12
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 (%)
0.56
Percentage difference between market reference rate 1.45 and exchange rate charged 1.440.56
Total cost (%)
10.5610.56
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
144.6721.12
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 (%)
0.63
Percentage difference between market reference rate 1.46 and exchange rate charged 1.450.63
Total cost (%)
10.6310.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
145.6321.26
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 (%)
0.67
Percentage difference between market reference rate 1.46 and exchange rate charged 1.450.67
Total cost (%)
10.6710.67
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
146.1821.34
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 (%)
0.69
Percentage difference between market reference rate 1.45 and exchange rate charged 1.440.69
Total cost (%)
10.6910.69
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
146.4521.38
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 (%)
0.69
Percentage difference between market reference rate 1.45 and exchange rate charged 1.440.69
Total cost (%)
10.6910.69
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
146.4521.38
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 (%)
1.38
Percentage difference between market reference rate 1.46 and exchange rate charged 1.441.38
Total cost (%)
11.3811.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
155.9122.76
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 (%)
1.38
Percentage difference between market reference rate 1.46 and exchange rate charged 1.441.38
Total cost (%)
11.3811.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
155.9122.76
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 (%)
2.94
Percentage difference between market reference rate 1.45 and exchange rate charged 1.412.94
Total cost (%)
12.4312.43
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
170.2924.86
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 (%)
3.07
Percentage difference between market reference rate 1.48 and exchange rate charged 1.433.07
Total cost (%)
13.0713.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
179.0626.14
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 (%)
3.09
Percentage difference between market reference rate 1.48 and exchange rate charged 1.433.09
Total cost (%)
13.0913.09
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
179.3326.18
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
207.6430.31
Exchange rate margin (%)
0.52
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.52
Total cost (%)
15.6815.68
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
214.8231.36
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
206.0930.09
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
15.9615.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
218.6531.92
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
206.0930.09
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
15.9615.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
218.6531.92
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
206.0930.09
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
15.9615.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
218.6531.92
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
209.8530.64
Exchange rate margin (%)
3.96
Percentage difference between market reference rate 1.45 and exchange rate charged 1.403.96
Total cost (%)
19.2819.28
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
264.1438.56
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
209.8530.64
Exchange rate margin (%)
3.98
Percentage difference between market reference rate 1.46 and exchange rate charged 1.403.98
Total cost (%)
19.3019.30
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
264.4138.60
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
230.0033.58
Exchange rate margin (%)
2.94
Percentage difference between market reference rate 1.45 and exchange rate charged 1.412.94
Total cost (%)
19.7319.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
270.3039.46
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 (%)
2.94
Percentage difference between market reference rate 1.45 and exchange rate charged 1.412.94
Total cost (%)
19.7319.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
270.3039.46
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 (%)
0.66
Percentage difference between market reference rate 1.45 and exchange rate charged 1.440.66
Total cost (%)
21.1021.10
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
289.0742.20
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 (%)
3.07
Percentage difference between market reference rate 1.45 and exchange rate charged 1.413.07
Total cost (%)
21.9821.98
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
301.1343.96
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 (%)
3.18
Percentage difference between market reference rate 1.47 and exchange rate charged 1.423.18
Total cost (%)
31.0631.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
425.5262.12
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 (%)
0.69
Percentage difference between market reference rate 1.44 and exchange rate charged 1.430.69
Total cost (%)
32.4432.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
444.4364.88
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 (%)
2.34
Percentage difference between market reference rate 0.06 and exchange rate charged 0.052.34
Total cost (%)
33.0033.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
452.1066.00
Total Average Third Quarter
13.6213.62
Total Average Second Quarter
14.0814.08
Total Average
Fee
161.9123.64
Exchange Rate Margin (%)
1.811.81
Total Cost Percent (%)
13.6213.62
Total Cost (ZAR) Total Cost (USD)
186.6627.25
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
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.66
Exchange rate margin (%)
-0.16
Percentage difference between market reference rate 1.45 and exchange rate charged 1.45-0.16
Total cost (%)
2.772.77
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
94.4613.85
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 (%)
-0.01
Percentage difference between market reference rate 1.45 and exchange rate charged 1.45-0.01
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
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.66
Exchange rate margin (%)
0.15
Percentage difference between market reference rate 1.45 and exchange rate charged 1.450.15
Total cost (%)
3.083.08
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
105.0315.40
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 (%)
2.91
Percentage difference between market reference rate 1.44 and exchange rate charged 1.402.91
Total cost (%)
3.643.64
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
124.1218.20
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 (%)
2.94
Percentage difference between market reference rate 1.44 and exchange rate charged 1.402.94
Total cost (%)
3.673.67
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
125.1518.35
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
119.3517.50
Exchange rate margin (%)
2.10
Percentage difference between market reference rate 1.45 and exchange rate charged 1.422.10
Total cost (%)
5.605.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
190.9628.00
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 (%)
2.10
Percentage difference between market reference rate 1.45 and exchange rate charged 1.422.10
Total cost (%)
5.605.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
190.9628.00
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 (%)
2.10
Percentage difference between market reference rate 1.45 and exchange rate charged 1.422.10
Total cost (%)
5.605.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
190.9628.00
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 (%)
2.94
Percentage difference between market reference rate 1.45 and exchange rate charged 1.412.94
Total cost (%)
7.347.34
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
250.2936.70
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 (%)
0.66
Percentage difference between market reference rate 1.45 and exchange rate charged 1.440.66
Total cost (%)
8.878.87
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
302.4744.35
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
290.7042.62
Exchange rate margin (%)
0.52
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.52
Total cost (%)
9.049.04
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
308.2645.20
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
208.7130.60
Exchange rate margin (%)
2.94
Percentage difference between market reference rate 1.45 and exchange rate charged 1.412.94
Total cost (%)
9.069.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
308.9545.30
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
170.5025.00
Exchange rate margin (%)
4.37
Percentage difference between market reference rate 1.45 and exchange rate charged 1.394.37
Total cost (%)
9.379.37
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
319.5246.85
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
170.5025.00
Exchange rate margin (%)
4.37
Percentage difference between market reference rate 1.45 and exchange rate charged 1.394.37
Total cost (%)
9.379.37
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
319.5246.85
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
288.5342.31
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
9.389.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
319.8646.90
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
288.5342.31
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
9.389.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
319.8646.90
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
288.5342.31
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
9.389.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
319.8646.90
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
314.0046.04
Exchange rate margin (%)
0.56
Percentage difference between market reference rate 1.45 and exchange rate charged 1.440.56
Total cost (%)
9.779.77
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
333.1648.85
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 (%)
0.23
Percentage difference between market reference rate 1.45 and exchange rate charged 1.440.23
Total cost (%)
10.2310.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
348.8451.15
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 (%)
2.94
Percentage difference between market reference rate 1.45 and exchange rate charged 1.412.94
Total cost (%)
10.2710.27
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
350.2151.35
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 (%)
2.94
Percentage difference between market reference rate 1.45 and exchange rate charged 1.412.94
Total cost (%)
10.2710.27
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
350.2151.35
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 (%)
0.28
Percentage difference between market reference rate 1.45 and exchange rate charged 1.440.28
Total cost (%)
10.2810.28
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
350.5551.40
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
341.0050.00
Exchange rate margin (%)
0.36
Percentage difference between market reference rate 1.45 and exchange rate charged 1.440.36
Total cost (%)
10.3610.36
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
353.2851.80
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 (%)
0.63
Percentage difference between market reference rate 1.46 and exchange rate charged 1.450.63
Total cost (%)
10.6310.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
362.4853.15
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 (%)
0.67
Percentage difference between market reference rate 1.46 and exchange rate charged 1.450.67
Total cost (%)
10.6710.67
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
363.8553.35
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 (%)
3.07
Percentage difference between market reference rate 1.45 and exchange rate charged 1.413.07
Total cost (%)
10.6710.67
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
363.8553.35
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 (%)
0.69
Percentage difference between market reference rate 1.45 and exchange rate charged 1.440.69
Total cost (%)
10.6910.69
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
364.5353.45
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 (%)
0.69
Percentage difference between market reference rate 1.45 and exchange rate charged 1.440.69
Total cost (%)
10.6910.69
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
364.5353.45
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 (%)
1.38
Percentage difference between market reference rate 1.46 and exchange rate charged 1.441.38
Total cost (%)
11.3811.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
388.0656.90
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 (%)
1.38
Percentage difference between market reference rate 1.46 and exchange rate charged 1.441.38
Total cost (%)
11.3811.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
388.0656.90
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
272.8140.00
Exchange rate margin (%)
3.96
Percentage difference between market reference rate 1.45 and exchange rate charged 1.403.96
Total cost (%)
11.9611.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
407.8459.80
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
272.8140.00
Exchange rate margin (%)
3.98
Percentage difference between market reference rate 1.46 and exchange rate charged 1.403.98
Total cost (%)
11.9811.98
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
408.5259.90
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 (%)
3.07
Percentage difference between market reference rate 1.48 and exchange rate charged 1.433.07
Total cost (%)
13.0713.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
445.6965.35
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 (%)
3.09
Percentage difference between market reference rate 1.48 and exchange rate charged 1.433.09
Total cost (%)
13.0913.09
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
446.3765.45
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 (%)
0.69
Percentage difference between market reference rate 1.44 and exchange rate charged 1.430.69
Total cost (%)
13.4513.45
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
458.6567.25
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 (%)
3.18
Percentage difference between market reference rate 1.47 and exchange rate charged 1.423.18
Total cost (%)
14.3814.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
490.3671.90
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 (%)
2.34
Percentage difference between market reference rate 0.06 and exchange rate charged 0.052.34
Total cost (%)
14.6614.66
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
499.9173.30
Total Average Third Quarter
9.309.30
Total Average Second Quarter
9.959.95
Total Average
Fee
255.4237.45
Exchange Rate Margin (%)
1.811.81
Total Cost Percent (%)
9.309.30
Total Cost (ZAR) Total Cost (USD)
316.9946.48
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