Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to TANZANIA

Data collected on: Nov 18, 2024-Dec 04, 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.
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
1.79
Percentage difference between market reference rate 146.53 and exchange rate charged 143.91
1.79
6.796.79
93.0213.58
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
68.5010.00
1.79
Percentage difference between market reference rate 146.53 and exchange rate charged 143.91
1.79
6.796.79
93.0213.58
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.72
Percentage difference between market reference rate 146.89 and exchange rate charged 142.90
2.72
7.727.72
105.7615.44
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.75
Percentage difference between market reference rate 146.94 and exchange rate charged 142.90
2.75
7.757.75
106.1815.50
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.75
Percentage difference between market reference rate 146.94 and exchange rate charged 142.90
2.75
7.757.75
106.1815.50
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
24.993.65
6.75
Percentage difference between market reference rate 146.92 and exchange rate charged 137.00
6.75
8.578.57
117.4117.14
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
24.993.65
6.76
Percentage difference between market reference rate 146.93 and exchange rate charged 137.00
6.76
8.588.58
117.5517.16
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
209.4730.58
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
0.92
16.2116.21
222.0832.42
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
214.0231.24
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.12
16.7416.74
229.3433.48
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
214.0231.24
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.12
16.7416.74
229.3433.48
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
214.0231.24
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.12
16.7416.74
229.3433.48
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
210.1930.68
2.55
Percentage difference between market reference rate 146.59 and exchange rate charged 142.86
2.55
17.8917.89
245.0935.78
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
210.1930.68
2.58
Percentage difference between market reference rate 146.64 and exchange rate charged 142.86
2.58
17.9217.92
245.5035.84
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
0.89
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
0.89
21.3321.33
292.2242.66
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.50
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
0.92
32.6732.67
447.5865.34
Total Average Fourth Quarter 2024
14.0114.01
Total Average Third Quarter 2024
13.3213.32
Total Average
Fee
158.6323.16
Exchange Rate Margin (%)
2.442.44
Total Cost Percent (%)
14.0114.01
Total Cost (ZAR) Total Cost (USD)
191.9728.03
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Mobile wallet
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
High
89.0013.05
1.79
Percentage difference between market reference rate 146.53 and exchange rate charged 143.91
1.79
4.404.40
150.0422.00
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
89.0013.05
1.79
Percentage difference between market reference rate 146.53 and exchange rate charged 143.91
1.79
4.404.40
150.0422.00
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
24.993.66
5.45
Percentage difference between market reference rate 146.92 and exchange rate charged 138.91
5.45
6.186.18
210.7430.90
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
24.993.66
5.46
Percentage difference between market reference rate 146.93 and exchange rate charged 138.91
5.46
6.196.19
211.0830.95
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.72
Percentage difference between market reference rate 146.89 and exchange rate charged 142.90
2.72
7.727.72
263.2538.60
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.75
Percentage difference between market reference rate 146.94 and exchange rate charged 142.90
2.75
7.757.75
264.2838.75
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.75
Percentage difference between market reference rate 146.94 and exchange rate charged 142.90
2.75
7.757.75
264.2838.75
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
0.89
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
0.89
9.109.10
310.3145.50
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
293.2643.00
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
0.92
9.529.52
324.6347.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
299.6343.93
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.12
9.919.91
337.9349.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
299.6343.93
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.12
9.919.91
337.9349.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
299.6343.93
1.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
1.12
9.919.91
337.9349.55
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
273.2440.06
2.55
Percentage difference between market reference rate 146.59 and exchange rate charged 142.86
2.55
10.5610.56
360.1052.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
273.2440.06
2.58
Percentage difference between market reference rate 146.64 and exchange rate charged 142.86
2.58
10.5910.59
361.1252.95
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
435.0063.78
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.05
0.92
13.6813.68
466.4968.40
Total Average Fourth Quarter 2024
8.508.50
Total Average Third Quarter 2024
8.078.07
Total Average
Fee
212.8731.21
Exchange Rate Margin (%)
2.262.26
Total Cost Percent (%)
8.508.50
Total Cost (ZAR) Total Cost (USD)
290.0142.52
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash Mobile wallet