Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From TZTanzania you can also send money to

Sending money from TANZANIA to KENYA

Data collected on: Aug 22, 2022-Sep 13, 2022
TZS | 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 (TZS)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.
M-Pesa
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
2,897.001.79
-0.10
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
-0.10
0.800.80
2,596.001.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
7,670.004.73
-0.14
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
-0.14
2.232.23
7,236.354.46
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
18,364.0011.32
0.10
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.10
5.765.76
18,691.2011.52
BPR Bank Rwanda PLC
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
116,600.0071.86
0.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.00
35.9335.93
116,592.8571.86
Stanbic Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
115,876.0071.42
6.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
6.06
41.7741.77
135,543.6583.54
Stanbic Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
Low
Receiving method
High
115,875.0071.42
6.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
6.06
41.7741.77
135,543.6583.54
National Bank of Commerce Ltd (NBC)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
138,977.0085.66
11.58
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
11.58
54.4154.41
176,560.45108.82
Total Average Third Quarter
26.1026.10
Total Average Second Quarter
35.2135.21
Total Average
Fee
73,751.2945.46
Exchange Rate Margin (%)
3.373.37
Total Cost Percent (%)
26.1026.10
Total Cost (TZS) Total Cost (USD)
84,680.5952.19
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
M-Pesa
Firm type: Mobile Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
6,500.004.01
-0.10
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
-0.10
0.710.71
5,758.103.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
19,000.0011.71
-0.14
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
-0.14
2.212.21
17,923.1011.05
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
20,100.0012.39
0.10
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.10
2.582.58
20,923.8012.90
BPR Bank Rwanda PLC
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
116,600.0071.89
0.00
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.00
14.3814.38
116,621.8071.90
Stanbic Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
115,876.0071.44
6.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
6.06
20.3520.35
165,038.50101.75
Stanbic Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
Low
Receiving method
High
115,875.0071.44
6.06
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
6.06
20.3520.35
165,038.50101.75
National Bank of Commerce Ltd (NBC)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Low
Receiving method
High
138,977.0085.68
11.58
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
11.58
28.7128.71
232,838.10143.55
Total Average Third Quarter
12.7612.76
Total Average Second Quarter
21.5621.56
Total Average
Fee
76,132.5746.94
Exchange Rate Margin (%)
3.373.37
Total Cost Percent (%)
12.7612.76
Total Cost (TZS) Total Cost (USD)
103,448.8463.78
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet