Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to NIGERIA

Data collected on: Aug 19, 2024-Aug 29, 2024
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)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.
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
4.14
Percentage difference between market reference rate 87.80 and exchange rate charged 84.17
4.14
4.144.14
56.728.28
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
4.14
Percentage difference between market reference rate 87.80 and exchange rate charged 84.17
4.14
4.144.14
56.728.28
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
4.14
Percentage difference between market reference rate 87.80 and exchange rate charged 84.17
4.14
4.144.14
56.728.28
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
50.007.30
2.11
Percentage difference between market reference rate 87.67 and exchange rate charged 85.82
2.11
5.765.76
78.9111.52
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
48.007.01
3.09
Percentage difference between market reference rate 89.57 and exchange rate charged 86.81
3.09
6.596.59
90.2813.18
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.65
6.24
Percentage difference between market reference rate 89.16 and exchange rate charged 83.60
6.24
8.068.06
110.4216.12
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.65
6.24
Percentage difference between market reference rate 89.16 and exchange rate charged 83.60
6.24
8.068.06
110.4216.12
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
10.42
Percentage difference between market reference rate 88.19 and exchange rate charged 79.00
10.42
10.4210.42
142.7520.84
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
0.000.00
10.69
Percentage difference between market reference rate 88.46 and exchange rate charged 79.00
10.69
10.6910.69
146.4521.38
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
104.3615.24
4.14
Percentage difference between market reference rate 89.93 and exchange rate charged 86.21
4.14
11.7611.76
161.1123.52
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
130.0018.98
4.50
Percentage difference between market reference rate 89.93 and exchange rate charged 85.88
4.50
13.9913.99
191.6627.98
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
9.68
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
9.68
14.6814.68
201.1229.36
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
68.5010.00
9.68
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
9.68
14.6814.68
201.1229.36
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
209.8530.64
2.46
Percentage difference between market reference rate 87.60 and exchange rate charged 85.45
2.46
17.7817.78
243.5935.56
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
209.8530.64
2.48
Percentage difference between market reference rate 87.62 and exchange rate charged 85.45
2.48
17.8017.80
243.8635.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
206.0930.09
3.02
Percentage difference between market reference rate 89.48 and exchange rate charged 86.78
3.02
18.0618.06
247.4236.12
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
206.0930.09
3.02
Percentage difference between market reference rate 89.48 and exchange rate charged 86.78
3.02
18.0618.06
247.4236.12
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
206.0930.09
3.02
Percentage difference between market reference rate 89.48 and exchange rate charged 86.78
3.02
18.0618.06
247.4236.12
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
230.0033.58
4.50
Percentage difference between market reference rate 89.93 and exchange rate charged 85.88
4.50
21.2921.29
291.6742.58
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
230.0033.58
4.50
Percentage difference between market reference rate 89.93 and exchange rate charged 85.88
4.50
21.2921.29
291.6742.58
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
3.77
Percentage difference between market reference rate 89.38 and exchange rate charged 86.01
3.77
35.5235.52
486.6271.04
Total Average Third Quarter
13.5713.57
Total Average Second Quarter
18.0518.05
Total Average
Fee
116.7817.05
Exchange Rate Margin (%)
5.055.05
Total Cost Percent (%)
13.5713.57
Total Cost (ZAR) Total Cost (USD)
185.9127.14
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
50.007.33
2.11
Percentage difference between market reference rate 87.67 and exchange rate charged 85.82
2.11
3.583.58
122.0817.90
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
4.14
Percentage difference between market reference rate 87.80 and exchange rate charged 84.17
4.14
4.144.14
141.1720.70
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
4.14
Percentage difference between market reference rate 87.80 and exchange rate charged 84.17
4.14
4.144.14
141.1720.70
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
4.14
Percentage difference between market reference rate 87.80 and exchange rate charged 84.17
4.14
4.144.14
141.1720.70
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
50.007.33
3.09
Percentage difference between market reference rate 89.57 and exchange rate charged 86.81
3.09
4.564.56
155.5022.80
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.66
6.24
Percentage difference between market reference rate 89.16 and exchange rate charged 83.60
6.24
6.976.97
237.6834.85
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
24.993.66
6.24
Percentage difference between market reference rate 89.16 and exchange rate charged 83.60
6.24
6.976.97
237.6834.85
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
150.0021.99
4.50
Percentage difference between market reference rate 89.93 and exchange rate charged 85.88
4.50
8.908.90
303.4944.50
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
208.7130.60
4.14
Percentage difference between market reference rate 89.93 and exchange rate charged 86.21
4.14
10.2610.26
349.8751.30
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
10.42
Percentage difference between market reference rate 88.19 and exchange rate charged 79.00
10.42
10.4210.42
355.3252.10
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
272.8140.00
2.46
Percentage difference between market reference rate 87.60 and exchange rate charged 85.45
2.46
10.4610.46
356.6952.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
272.8140.00
2.48
Percentage difference between market reference rate 87.62 and exchange rate charged 85.45
2.48
10.4810.48
357.3752.40
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
0.000.00
10.69
Percentage difference between market reference rate 88.46 and exchange rate charged 79.00
10.69
10.6910.69
364.5353.45
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
288.5342.31
3.02
Percentage difference between market reference rate 89.48 and exchange rate charged 86.78
3.02
11.4811.48
391.4757.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
288.5342.31
3.02
Percentage difference between market reference rate 89.48 and exchange rate charged 86.78
3.02
11.4811.48
391.4757.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
288.5342.31
3.02
Percentage difference between market reference rate 89.48 and exchange rate charged 86.78
3.02
11.4811.48
391.4757.40
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
250.0036.66
4.50
Percentage difference between market reference rate 89.93 and exchange rate charged 85.88
4.50
11.8311.83
403.4059.15
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
250.0036.66
4.50
Percentage difference between market reference rate 89.93 and exchange rate charged 85.88
4.50
11.8311.83
403.4059.15
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
89.0013.05
9.68
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
9.68
12.2912.29
419.0961.45
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
89.0013.05
9.68
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
9.68
12.2912.29
419.0961.45
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
3.77
Percentage difference between market reference rate 89.38 and exchange rate charged 86.01
3.77
16.5316.53
563.6782.65
Total Average Third Quarter
9.289.28
Total Average Second Quarter
12.1312.13
Total Average
Fee
144.4221.18
Exchange Rate Margin (%)
5.055.05
Total Cost Percent (%)
9.289.28
Total Cost (ZAR) Total Cost (USD)
316.5146.41
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days
Bank account Cash