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: Feb 20, 2023-Feb 28, 2023
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
47.947.00
Exchange rate margin (%)
2.13
Percentage difference between market reference rate 1.08 and exchange rate charged 1.062.13
Total cost (%)
5.635.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
77.1311.26
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 (%)
2.13
Percentage difference between market reference rate 1.08 and exchange rate charged 1.062.13
Total cost (%)
5.635.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
77.1311.26
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 (%)
2.13
Percentage difference between market reference rate 1.08 and exchange rate charged 1.062.13
Total cost (%)
5.635.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
77.1311.26
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 (%)
0.02
Percentage difference between market reference rate 1.10 and exchange rate charged 1.100.02
Total cost (%)
7.327.32
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
100.2814.64
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 (%)
0.22
Percentage difference between market reference rate 1.07 and exchange rate charged 1.070.22
Total cost (%)
7.527.52
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
103.0215.04
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 (%)
3.13
Percentage difference between market reference rate 1.08 and exchange rate charged 1.043.13
Total cost (%)
7.957.95
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
108.9215.90
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
57.508.39
Exchange rate margin (%)
4.17
Percentage difference between market reference rate 1.10 and exchange rate charged 1.054.17
Total cost (%)
8.378.37
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
114.6716.74
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
57.508.39
Exchange rate margin (%)
4.34
Percentage difference between market reference rate 1.10 and exchange rate charged 1.054.34
Total cost (%)
8.548.54
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
117.0017.08
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 (%)
4.48
Percentage difference between market reference rate 1.08 and exchange rate charged 1.034.48
Total cost (%)
9.309.30
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
127.4118.60
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
100.0014.60
Exchange rate margin (%)
3.03
Percentage difference between market reference rate 1.10 and exchange rate charged 1.063.03
Total cost (%)
10.3310.33
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
141.5220.66
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
125.0018.25
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.88
Total cost (%)
12.0012.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
164.4024.00
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
125.0018.25
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.88
Total cost (%)
12.0012.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
164.4024.00
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
125.0018.25
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.88
Total cost (%)
12.0012.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
164.4024.00
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
125.0018.25
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.88
Total cost (%)
12.0012.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
164.4024.00
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
125.0018.25
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.88
Total cost (%)
12.0012.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
164.4024.00
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
125.0018.25
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.88
Total cost (%)
12.0012.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
164.4024.00
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
125.0018.25
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.88
Total cost (%)
12.0012.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
164.4024.00
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
125.0018.25
Exchange rate margin (%)
2.91
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.91
Total cost (%)
12.0312.03
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
164.8124.06
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
186.3327.20
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
14.5714.57
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
199.6129.14
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
186.3327.20
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
14.5714.57
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
199.6129.14
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
186.3327.20
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
14.5714.57
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
199.6129.14
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
180.6726.38
Exchange rate margin (%)
2.41
Percentage difference between market reference rate 1.07 and exchange rate charged 1.052.41
Total cost (%)
15.6015.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
213.7231.20
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
180.6726.38
Exchange rate margin (%)
2.41
Percentage difference between market reference rate 1.07 and exchange rate charged 1.052.41
Total cost (%)
15.6015.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
213.7231.20
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
125.0018.25
Exchange rate margin (%)
11.72
Percentage difference between market reference rate 1.08 and exchange rate charged 0.9511.72
Total cost (%)
20.8420.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
285.5141.68
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
125.0018.25
Exchange rate margin (%)
11.72
Percentage difference between market reference rate 1.08 and exchange rate charged 0.9511.72
Total cost (%)
20.8420.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
285.5141.68
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
125.0018.25
Exchange rate margin (%)
11.72
Percentage difference between market reference rate 1.08 and exchange rate charged 0.9511.72
Total cost (%)
20.8420.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
285.5141.68
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
125.0018.25
Exchange rate margin (%)
11.72
Percentage difference between market reference rate 1.08 and exchange rate charged 0.9511.72
Total cost (%)
20.8420.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
285.5141.68
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 (%)
1.69
Percentage difference between market reference rate 1.08 and exchange rate charged 1.061.69
Total cost (%)
22.1322.13
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
303.1844.26
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
299.0043.65
Exchange rate margin (%)
3.39
Percentage difference between market reference rate 1.07 and exchange rate charged 1.043.39
Total cost (%)
25.2125.21
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
345.3850.42
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
390.0056.93
Exchange rate margin (%)
2.21
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.21
Total cost (%)
30.6830.68
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
420.3261.36
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
361.9052.83
Exchange rate margin (%)
5.37
Percentage difference between market reference rate 1.08 and exchange rate charged 1.025.37
Total cost (%)
31.7931.79
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
435.5263.58
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 (%)
2.21
Percentage difference between market reference rate 1.07 and exchange rate charged 1.052.21
Total cost (%)
33.9633.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
465.2567.92
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
550.0080.29
Exchange rate margin (%)
3.58
Percentage difference between market reference rate 1.07 and exchange rate charged 1.033.58
Total cost (%)
43.7343.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
599.1087.46
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
550.0080.29
Exchange rate margin (%)
3.58
Percentage difference between market reference rate 1.07 and exchange rate charged 1.033.58
Total cost (%)
43.7343.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
599.1087.46
Total Average First Quarter
16.5216.52
Total Average Fourth Quarter 2022
16.2616.26
Total Average
Fee
175.8025.66
Exchange Rate Margin (%)
3.693.69
Total Cost Percent (%)
16.5216.52
Total Cost (ZAR) Total Cost (USD)
226.3533.04
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days 6 days or more
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 (%)
0.02
Percentage difference between market reference rate 1.10 and exchange rate charged 1.100.02
Total cost (%)
2.952.95
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
100.6014.75
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 (%)
0.22
Percentage difference between market reference rate 1.07 and exchange rate charged 1.070.22
Total cost (%)
3.153.15
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
107.4215.75
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 (%)
2.13
Percentage difference between market reference rate 1.08 and exchange rate charged 1.062.13
Total cost (%)
5.635.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
191.9828.15
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 (%)
2.13
Percentage difference between market reference rate 1.08 and exchange rate charged 1.062.13
Total cost (%)
5.635.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
191.9828.15
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 (%)
2.13
Percentage difference between market reference rate 1.08 and exchange rate charged 1.062.13
Total cost (%)
5.635.63
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
191.9828.15
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
57.508.43
Exchange rate margin (%)
4.17
Percentage difference between market reference rate 1.10 and exchange rate charged 1.054.17
Total cost (%)
5.865.86
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
199.8329.30
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 (%)
3.03
Percentage difference between market reference rate 1.10 and exchange rate charged 1.063.03
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
57.508.43
Exchange rate margin (%)
4.34
Percentage difference between market reference rate 1.10 and exchange rate charged 1.054.34
Total cost (%)
6.036.03
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
205.6230.15
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 (%)
3.13
Percentage difference between market reference rate 1.08 and exchange rate charged 1.043.13
Total cost (%)
7.917.91
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
269.7339.55
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
260.8638.25
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
8.628.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
293.9443.10
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
260.8638.25
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
8.628.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
293.9443.10
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
260.8638.25
Exchange rate margin (%)
0.97
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.97
Total cost (%)
8.628.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
293.9443.10
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
163.0023.90
Exchange rate margin (%)
4.48
Percentage difference between market reference rate 1.08 and exchange rate charged 1.034.48
Total cost (%)
9.269.26
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
315.7746.30
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
234.8734.44
Exchange rate margin (%)
2.41
Percentage difference between market reference rate 1.07 and exchange rate charged 1.052.41
Total cost (%)
9.309.30
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
317.1346.50
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
234.8734.44
Exchange rate margin (%)
2.41
Percentage difference between market reference rate 1.07 and exchange rate charged 1.052.41
Total cost (%)
9.309.30
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
317.1346.50
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 (%)
1.69
Percentage difference between market reference rate 1.08 and exchange rate charged 1.061.69
Total cost (%)
9.909.90
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
337.5949.50
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
311.0045.60
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.88
Total cost (%)
12.0012.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
409.2060.00
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
311.0045.60
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.88
Total cost (%)
12.0012.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
409.2060.00
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
311.0045.60
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.88
Total cost (%)
12.0012.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
409.2060.00
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
311.0045.60
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.88
Total cost (%)
12.0012.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
409.2060.00
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
311.0045.60
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.88
Total cost (%)
12.0012.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
409.2060.00
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
311.0045.60
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.88
Total cost (%)
12.0012.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
409.2060.00
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
311.0045.60
Exchange rate margin (%)
2.88
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.88
Total cost (%)
12.0012.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
409.2060.00
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
311.0045.60
Exchange rate margin (%)
2.91
Percentage difference between market reference rate 1.08 and exchange rate charged 1.052.91
Total cost (%)
12.0312.03
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
410.2260.15
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
299.0043.84
Exchange rate margin (%)
3.39
Percentage difference between market reference rate 1.07 and exchange rate charged 1.043.39
Total cost (%)
12.1612.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
414.6660.80
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
390.0057.18
Exchange rate margin (%)
2.21
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.21
Total cost (%)
13.6513.65
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
465.4768.25
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 (%)
2.21
Percentage difference between market reference rate 1.07 and exchange rate charged 1.052.21
Total cost (%)
14.9714.97
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
510.4874.85
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
361.9053.06
Exchange rate margin (%)
5.37
Percentage difference between market reference rate 1.08 and exchange rate charged 1.025.37
Total cost (%)
15.9815.98
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
544.9279.90
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
550.0080.65
Exchange rate margin (%)
3.58
Percentage difference between market reference rate 1.07 and exchange rate charged 1.033.58
Total cost (%)
19.7119.71
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
672.1198.55
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
550.0080.65
Exchange rate margin (%)
3.58
Percentage difference between market reference rate 1.07 and exchange rate charged 1.033.58
Total cost (%)
19.7119.71
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
672.1198.55
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
310.0045.45
Exchange rate margin (%)
11.72
Percentage difference between market reference rate 1.08 and exchange rate charged 0.9511.72
Total cost (%)
20.8120.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
709.62104.05
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
310.0045.45
Exchange rate margin (%)
11.72
Percentage difference between market reference rate 1.08 and exchange rate charged 0.9511.72
Total cost (%)
20.8120.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
709.62104.05
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
310.0045.45
Exchange rate margin (%)
11.72
Percentage difference between market reference rate 1.08 and exchange rate charged 0.9511.72
Total cost (%)
20.8120.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
709.62104.05
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
310.0045.45
Exchange rate margin (%)
11.72
Percentage difference between market reference rate 1.08 and exchange rate charged 0.9511.72
Total cost (%)
20.8120.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
709.62104.05
Total Average First Quarter
11.4111.41
Total Average Fourth Quarter 2022
11.3311.33
Total Average
Fee
263.1038.58
Exchange Rate Margin (%)
3.693.69
Total Cost Percent (%)
11.4111.41
Total Cost (ZAR) Total Cost (USD)
388.9657.03
Non-Transparent records
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Less than one hour Same day Next day 2 days 3-5 days 6 days or more
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Least Costly Corridors To Zambia
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