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 19, 2024-Mar 04, 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 (%)
1.66
Percentage difference between market reference rate 1.21 and exchange rate charged 1.191.66
Total cost (%)
5.165.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
70.6910.32
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 (%)
1.66
Percentage difference between market reference rate 1.21 and exchange rate charged 1.191.66
Total cost (%)
5.165.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
70.6910.32
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 (%)
1.66
Percentage difference between market reference rate 1.21 and exchange rate charged 1.191.66
Total cost (%)
5.165.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
70.6910.32
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 (%)
0.14
Percentage difference between market reference rate 1.19 and exchange rate charged 1.190.14
Total cost (%)
7.447.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
101.9314.88
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 (%)
0.20
Percentage difference between market reference rate 1.19 and exchange rate charged 1.190.20
Total cost (%)
7.507.50
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
102.7515.00
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 (%)
0.20
Percentage difference between market reference rate 1.19 and exchange rate charged 1.190.20
Total cost (%)
7.507.50
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
102.7515.00
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
24.993.65
Exchange rate margin (%)
5.78
Percentage difference between market reference rate 1.21 and exchange rate charged 1.145.78
Total cost (%)
7.607.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
104.1215.20
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
24.993.65
Exchange rate margin (%)
5.78
Percentage difference between market reference rate 1.21 and exchange rate charged 1.145.78
Total cost (%)
7.607.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
104.1215.20
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 (%)
-0.11
Percentage difference between market reference rate 1.21 and exchange rate charged 1.21-0.11
Total cost (%)
9.389.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
128.5118.76
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 (%)
4.76
Percentage difference between market reference rate 1.21 and exchange rate charged 1.154.76
Total cost (%)
9.589.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
131.2519.16
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 (%)
4.76
Percentage difference between market reference rate 1.21 and exchange rate charged 1.154.76
Total cost (%)
9.589.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
131.2519.16
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 (%)
-0.19
Percentage difference between market reference rate 1.21 and exchange rate charged 1.21-0.19
Total cost (%)
9.819.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
134.4019.62
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 (%)
-0.07
Percentage difference between market reference rate 1.20 and exchange rate charged 1.20-0.07
Total cost (%)
9.939.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
136.0419.86
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 (%)
0.44
Percentage difference between market reference rate 1.21 and exchange rate charged 1.200.44
Total cost (%)
10.4410.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
143.0320.88
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 (%)
0.44
Percentage difference between market reference rate 1.21 and exchange rate charged 1.200.44
Total cost (%)
10.4410.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
143.0320.88
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 (%)
0.44
Percentage difference between market reference rate 1.21 and exchange rate charged 1.200.44
Total cost (%)
10.4410.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
143.0320.88
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 (%)
0.44
Percentage difference between market reference rate 1.21 and exchange rate charged 1.200.44
Total cost (%)
10.4410.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
143.0320.88
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 (%)
0.48
Percentage difference between market reference rate 1.21 and exchange rate charged 1.200.48
Total cost (%)
10.4810.48
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
143.5820.96
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 (%)
0.48
Percentage difference between market reference rate 1.21 and exchange rate charged 1.200.48
Total cost (%)
10.4810.48
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
143.5820.96
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 (%)
0.48
Percentage difference between market reference rate 1.21 and exchange rate charged 1.200.48
Total cost (%)
10.4810.48
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
143.5820.96
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 (%)
0.84
Percentage difference between market reference rate 1.32 and exchange rate charged 1.310.84
Total cost (%)
10.8410.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
148.5121.68
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 (%)
0.84
Percentage difference between market reference rate 1.32 and exchange rate charged 1.310.84
Total cost (%)
10.8410.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
148.5121.68
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 (%)
1.07
Percentage difference between market reference rate 1.25 and exchange rate charged 1.241.07
Total cost (%)
11.0711.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
151.6622.14
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
223.7432.66
Exchange rate margin (%)
-3.09
Percentage difference between market reference rate 1.22 and exchange rate charged 1.26-3.09
Total cost (%)
13.2413.24
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
181.3926.48
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
223.7432.66
Exchange rate margin (%)
-3.09
Percentage difference between market reference rate 1.22 and exchange rate charged 1.26-3.09
Total cost (%)
13.2413.24
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
181.3926.48
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 (%)
-5.07
Percentage difference between market reference rate 1.19 and exchange rate charged 1.25-5.07
Total cost (%)
15.3715.37
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
210.5730.74
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
219.4732.04
Exchange rate margin (%)
-0.30
Percentage difference between market reference rate 1.22 and exchange rate charged 1.22-0.30
Total cost (%)
15.7215.72
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
215.3631.44
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 (%)
-0.11
Percentage difference between market reference rate 1.21 and exchange rate charged 1.21-0.11
Total cost (%)
16.6816.68
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
228.5233.36
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 (%)
-0.11
Percentage difference between market reference rate 1.21 and exchange rate charged 1.21-0.11
Total cost (%)
16.6816.68
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
228.5233.36
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
219.8932.10
Exchange rate margin (%)
0.94
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.94
Total cost (%)
16.9916.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
232.7633.98
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
223.7432.66
Exchange rate margin (%)
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.98
Total cost (%)
17.3117.31
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
237.1534.62
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
223.7432.66
Exchange rate margin (%)
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.98
Total cost (%)
17.3117.31
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
237.1534.62
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
223.7432.66
Exchange rate margin (%)
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.98
Total cost (%)
17.3117.31
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
237.1534.62
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
259.0037.81
Exchange rate margin (%)
4.21
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.21
Total cost (%)
23.1223.12
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
316.7446.24
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 (%)
1.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.80
Total cost (%)
32.4632.46
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
444.7064.92
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 (%)
5.74
Percentage difference between market reference rate 1.20 and exchange rate charged 1.145.74
Total cost (%)
33.6233.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
460.5967.24
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 (%)
5.37
Percentage difference between market reference rate 1.27 and exchange rate charged 1.205.37
Total cost (%)
37.1237.12
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
508.5474.24
Total Average First Quarter
13.3413.34
Total Average Fourth Quarter 2023
13.5113.51
Total Average
Fee
167.4024.44
Exchange Rate Margin (%)
1.121.12
Total Cost Percent (%)
13.3413.34
Total Cost (ZAR) Total Cost (USD)
182.7426.68
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
100.0014.66
Exchange rate margin (%)
0.14
Percentage difference between market reference rate 1.19 and exchange rate charged 1.190.14
Total cost (%)
3.073.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
104.6915.35
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 (%)
0.20
Percentage difference between market reference rate 1.19 and exchange rate charged 1.190.20
Total cost (%)
3.133.13
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
106.7315.65
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
100.0014.66
Exchange rate margin (%)
0.20
Percentage difference between market reference rate 1.19 and exchange rate charged 1.190.20
Total cost (%)
3.133.13
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
106.7315.65
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 (%)
-5.07
Percentage difference between market reference rate 1.19 and exchange rate charged 1.25-5.07
Total cost (%)
3.143.14
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
107.0715.70
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 (%)
-0.11
Percentage difference between market reference rate 1.21 and exchange rate charged 1.21-0.11
Total cost (%)
4.294.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
146.2921.45
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 (%)
1.66
Percentage difference between market reference rate 1.21 and exchange rate charged 1.191.66
Total cost (%)
5.165.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
175.9625.80
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 (%)
1.66
Percentage difference between market reference rate 1.21 and exchange rate charged 1.191.66
Total cost (%)
5.165.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
175.9625.80
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 (%)
1.66
Percentage difference between market reference rate 1.21 and exchange rate charged 1.191.66
Total cost (%)
5.165.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
175.9625.80
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
290.8642.65
Exchange rate margin (%)
-3.09
Percentage difference between market reference rate 1.22 and exchange rate charged 1.26-3.09
Total cost (%)
5.445.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
185.5027.20
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
290.8642.65
Exchange rate margin (%)
-3.09
Percentage difference between market reference rate 1.22 and exchange rate charged 1.26-3.09
Total cost (%)
5.445.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
185.5027.20
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 (%)
5.78
Percentage difference between market reference rate 1.21 and exchange rate charged 1.145.78
Total cost (%)
6.516.51
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
221.9932.55
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 (%)
5.78
Percentage difference between market reference rate 1.21 and exchange rate charged 1.145.78
Total cost (%)
6.516.51
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
221.9932.55
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 (%)
-0.11
Percentage difference between market reference rate 1.21 and exchange rate charged 1.21-0.11
Total cost (%)
7.227.22
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
246.2036.10
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 (%)
-0.11
Percentage difference between market reference rate 1.21 and exchange rate charged 1.21-0.11
Total cost (%)
7.227.22
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
246.2036.10
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
285.3141.83
Exchange rate margin (%)
-0.30
Percentage difference between market reference rate 1.22 and exchange rate charged 1.22-0.30
Total cost (%)
8.078.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
275.1940.35
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 (%)
4.76
Percentage difference between market reference rate 1.21 and exchange rate charged 1.154.76
Total cost (%)
9.549.54
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
325.3147.70
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
163.0023.90
Exchange rate margin (%)
4.76
Percentage difference between market reference rate 1.21 and exchange rate charged 1.154.76
Total cost (%)
9.549.54
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
325.3147.70
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 (%)
-0.19
Percentage difference between market reference rate 1.21 and exchange rate charged 1.21-0.19
Total cost (%)
9.819.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
334.5249.05
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
341.0050.00
Exchange rate margin (%)
-0.07
Percentage difference between market reference rate 1.20 and exchange rate charged 1.20-0.07
Total cost (%)
9.939.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
338.6149.65
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
307.8445.14
Exchange rate margin (%)
0.94
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.94
Total cost (%)
9.979.97
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
339.9849.85
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
313.2345.93
Exchange rate margin (%)
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.98
Total cost (%)
10.1710.17
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
346.8050.85
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
313.2345.93
Exchange rate margin (%)
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.98
Total cost (%)
10.1710.17
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
346.8050.85
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
313.2345.93
Exchange rate margin (%)
0.98
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.98
Total cost (%)
10.1710.17
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
346.8050.85
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 (%)
0.44
Percentage difference between market reference rate 1.21 and exchange rate charged 1.200.44
Total cost (%)
10.4410.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
356.0052.20
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 (%)
0.44
Percentage difference between market reference rate 1.21 and exchange rate charged 1.200.44
Total cost (%)
10.4410.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
356.0052.20
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 (%)
0.44
Percentage difference between market reference rate 1.21 and exchange rate charged 1.200.44
Total cost (%)
10.4410.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
356.0052.20
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 (%)
0.44
Percentage difference between market reference rate 1.21 and exchange rate charged 1.200.44
Total cost (%)
10.4410.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
356.0052.20
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
0.48
Percentage difference between market reference rate 1.21 and exchange rate charged 1.200.48
Total cost (%)
10.4810.48
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
357.3752.40
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 (%)
0.48
Percentage difference between market reference rate 1.21 and exchange rate charged 1.200.48
Total cost (%)
10.4810.48
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
357.3752.40
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
341.0050.00
Exchange rate margin (%)
0.48
Percentage difference between market reference rate 1.21 and exchange rate charged 1.200.48
Total cost (%)
10.4810.48
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
357.3752.40
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 (%)
0.84
Percentage difference between market reference rate 1.32 and exchange rate charged 1.310.84
Total cost (%)
10.8410.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
369.6454.20
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
341.0050.00
Exchange rate margin (%)
0.84
Percentage difference between market reference rate 1.32 and exchange rate charged 1.310.84
Total cost (%)
10.8410.84
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
369.6454.20
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 (%)
1.07
Percentage difference between market reference rate 1.25 and exchange rate charged 1.241.07
Total cost (%)
11.0711.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
377.4955.35
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 (%)
4.21
Percentage difference between market reference rate 1.19 and exchange rate charged 1.144.21
Total cost (%)
11.8111.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
402.7259.05
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 (%)
1.80
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.80
Total cost (%)
14.1214.12
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
481.4970.60
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 (%)
5.74
Percentage difference between market reference rate 1.20 and exchange rate charged 1.145.74
Total cost (%)
16.9416.94
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
577.6584.70
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 (%)
5.37
Percentage difference between market reference rate 1.27 and exchange rate charged 1.205.37
Total cost (%)
18.1318.13
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
618.2390.65
Total Average First Quarter
8.788.78
Total Average Fourth Quarter 2023
8.948.94
Total Average
Fee
261.2638.31
Exchange Rate Margin (%)
1.121.12
Total Cost Percent (%)
8.788.78
Total Cost (ZAR) Total Cost (USD)
299.4343.91
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