Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

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Sending money from TANZANIA to UGANDA

Data collected on: Feb 18, 2025 - Mar 03, 2025
TZS | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
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.
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High 
Receiving method
Agent
High 
14,500.00
3.03
Percentage difference between market reference rate 1.41 and exchange rate charged 1.37
7.50
24337.50
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High 
Receiving method
Agent
High 
6,490.00
6.43
Percentage difference between market reference rate 1.41 and exchange rate charged 1.32
8.43
27355.35
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Receiving method
Agent
High 
157,800.00
21.48
Percentage difference between market reference rate 1.41 and exchange rate charged 1.11
70.11
227506.95
NMB (National Microfinance Bank)
Firm type: Non-Bank FI
Payment instrument
Access point
Call Center
Sending network coverage
Low 
Receiving method
Agent
High 
157,800.00
21.48
Percentage difference between market reference rate 1.41 and exchange rate charged 1.11
70.11
227506.95
CRDB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium 
Receiving method
Agent
Medium 
223,550.00
4.38
Percentage difference between market reference rate 1.41 and exchange rate charged 1.35
73.27
237761.15
CRDB Bank
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High 
Receiving method
Agent
Medium 
223,550.00
4.38
Percentage difference between market reference rate 1.41 and exchange rate charged 1.35
73.27
237761.15
Stanbic Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Receiving method
Agent
High 
209,482.50
11.52
Percentage difference between market reference rate 1.41 and exchange rate charged 1.25
76.08
246879.60
Stanbic Bank
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
Low 
Receiving method
Agent
High 
209,482.50
11.52
Percentage difference between market reference rate 1.41 and exchange rate charged 1.25
76.08
246879.60
National Bank of Commerce Ltd (NBC)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low 
Receiving method
Agent
High 
223,843.25
21.72
Percentage difference between market reference rate 1.43 and exchange rate charged 1.12
90.70
294321.50
National Bank of Commerce Ltd (NBC)
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
Low 
Receiving method
Agent
High 
223,843.25
21.72
Percentage difference between market reference rate 1.43 and exchange rate charged 1.12
90.70
294321.50
Total Average First Quarter 2025
63.63
Total Average Fourth Quarter 2024
66.31
Total Average
Fee
165,034.15
Exchange Rate Margin (%)
12.77
Total Cost Percent (%)
63.63
Total Cost (TZS)
206,463.13
Non-Transparent records
Cash Bank account transfer
Less than one hour Same day
Cash Bank account