Remittance Prices Worldwide

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Sending money from TANZANIA to RWANDA

Data collected on: Feb 18, 2025 - Mar 03, 2025
TZS | 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 (TZS)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Firm
Tigo
Firm type: Mobile Operator
 
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
2,250.00
Exchange rate margin(%)
5.32
Percentage difference between market reference rate 0.54 and exchange rate charged 0.51
Total cost (%)
6.01
Total cost (TZS)sort descending
19502.45
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
14,500.00
Exchange rate margin(%)
4.02
Percentage difference between market reference rate 0.54 and exchange rate charged 0.52
Total cost (%)
8.49
Total cost (TZS)sort descending
27550.05
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
High 
Fee
6,340.00
Exchange rate margin(%)
7.14
Percentage difference between market reference rate 0.54 and exchange rate charged 0.50
Total cost (%)
9.09
Total cost (TZS)sort descending
29497.05
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
157,800.00
Exchange rate margin(%)
24.71
Percentage difference between market reference rate 0.54 and exchange rate charged 0.41
Total cost (%)
73.34
Total cost (TZS)sort descending
237988.30
Firm
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
 
Payment instrument
Access point
Call Center
Sending network coverage
Low 
Transfer speed
Receiving method
Agent
Disbursing network coverage
High 
Fee
157,800.00
Exchange rate margin(%)
24.71
Percentage difference between market reference rate 0.54 and exchange rate charged 0.41
Total cost (%)
73.34
Total cost (TZS)sort descending
237988.30
Firm
Exim Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium 
Fee
237,600.00
Exchange rate margin(%)
22.15
Percentage difference between market reference rate 0.54 and exchange rate charged 0.42
Total cost (%)
95.37
Total cost (TZS)sort descending
309475.65
Total Average First Quarter 2025
44.27
Total Average Fourth Quarter 2024
45.51
Total Average
Fee
96,048.33
Exchange Rate Margin (%)
14.68
Total Cost Percent (%)
44.27
Total Cost (TZS)
143,666.97
Non-Transparent records
Mobile money Cash Bank account transfer
Less than one hour Same day
Mobile wallet Cash Bank account
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