Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to ZIMBABWE

Data collected on: Aug 20, 2023-Sep 10, 2023
ZAR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (ZAR)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
50.007.30
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
6.716.71
91.9313.42
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
133.0019.42
2.81
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.81
12.5212.52
171.5225.04
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
133.0019.42
2.81
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.81
12.5212.52
171.5225.04
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
133.0019.42
2.81
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.81
12.5212.52
171.5225.04
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
115.0016.79
0.43
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.43
8.828.82
120.8317.64
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
133.0019.42
2.81
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.81
12.5212.52
171.5225.04
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
133.0019.42
2.81
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.81
12.5212.52
171.5225.04
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
133.0019.42
2.81
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.81
12.5212.52
171.5225.04
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
190.6527.83
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
14.8214.82
203.0329.64
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
190.6527.83
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
14.8214.82
203.0329.64
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
190.6527.83
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
14.8214.82
203.0329.64
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
341.9049.91
1.11
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.11
26.0726.07
357.1652.14
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
390.0056.93
2.32
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.32
30.7930.79
421.8261.58
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
High
230.0033.58
1.55
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.55
18.3418.34
251.2636.68
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
230.0033.58
1.45
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.45
18.2418.24
249.8936.48
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
435.0063.50
0.99
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.99
32.7432.74
448.5465.48
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
132.1619.29
0.53
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.53
10.1810.18
139.4720.36
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
50.007.30
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
6.716.71
91.9313.42
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
50.007.30
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
6.716.71
91.9313.42
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
130.0018.98
1.25
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.25
10.7410.74
147.1421.48
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Low
51.757.55
3.34
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.34
7.127.12
97.5414.24
EcoCash Remit
Firm type: Mobile Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
27.404.00
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
5.065.06
69.3210.12
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
27.394.00
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
5.065.06
69.3210.12
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
27.394.00
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
5.065.06
69.3210.12
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
27.394.00
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
5.065.06
69.3210.12
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
192.5128.10
1.29
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.29
15.3415.34
210.1630.68
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
192.5128.10
1.29
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.29
15.3415.34
210.1630.68
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
132.1619.29
0.53
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.53
10.1810.18
139.4720.36
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
135.5719.79
2.02
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.02
11.9211.92
163.3023.84
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
280.0040.88
0.99
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.99
21.4321.43
293.5942.86
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
102.7515.00
1.69
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.69
9.199.19
125.9018.38
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
66.009.64
1.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.38
6.206.20
84.9412.40
Total Average Third Quarter 2023
12.8912.89
Total Average Second Quarter 2023
13.5013.50
Total Average
Fee
149.5921.84
Exchange Rate Margin (%)
1.971.97
Total Cost Percent (%)
12.8912.89
Total Cost (ZAR) Total Cost (USD)
176.6425.79
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
390.0057.18
2.32
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.32
13.7613.76
469.2268.80
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
435.0063.78
0.99
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.99
13.7513.75
468.8868.75
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
305.0044.72
2.81
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.81
11.7511.75
400.6858.75
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
305.0044.72
2.81
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.81
11.7511.75
400.6858.75
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
305.0044.72
2.81
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.81
11.7511.75
400.6858.75
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
305.0044.72
2.81
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.81
11.7511.75
400.6858.75
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
305.0044.72
2.81
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.81
11.7511.75
400.6858.75
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
High
Receiving method
High
305.0044.72
2.81
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.81
11.7511.75
400.6858.75
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
346.5050.81
1.11
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.11
11.2711.27
384.3156.35
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
307.0045.01
0.43
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.43
9.439.43
321.5647.15
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
280.0041.06
0.99
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.99
9.209.20
313.7246.00
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
255.7537.50
1.69
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.69
9.199.19
313.3845.95
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
High
250.0036.66
1.55
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.55
8.888.88
302.8144.40
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
250.0036.66
1.45
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.45
8.788.78
299.4043.90
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
266.9139.14
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
8.738.73
297.6943.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
266.9139.14
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
8.738.73
297.6943.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
266.9139.14
0.90
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.90
8.738.73
297.6943.65
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
250.2736.70
1.29
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.29
8.638.63
294.2843.15
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
250.2736.70
1.29
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.29
8.638.63
294.2843.15
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
163.0023.90
1.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.38
6.166.16
210.0630.80
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
150.0021.99
1.25
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.25
5.655.65
192.6728.25
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Low
69.0010.12
3.34
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.34
5.365.36
182.7826.80
EcoCash Remit
Firm type: Mobile Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
68.2010.00
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
5.065.06
172.5525.30
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.2110.00
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
5.065.06
172.5525.30
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.2110.00
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
5.065.06
172.5525.30
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.2110.00
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
5.065.06
172.5525.30
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
50.007.33
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
4.534.53
154.4722.65
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
50.007.33
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
4.534.53
154.4722.65
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
50.007.33
3.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
3.06
4.534.53
154.4722.65
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
Total Average Third Quarter 2023
8.598.59
Total Average Second Quarter 2023
9.159.15
Total Average
Fee
222.4332.61
Exchange Rate Margin (%)
2.072.07
Total Cost Percent (%)
8.598.59
Total Cost (ZAR) Total Cost (USD)
293.0442.97
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days 3-5 days
Bank account Cash Mobile wallet