Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to
Transfer money

Sending money from SOUTH AFRICA to ZIMBABWE

Data collected on: Aug 19, 2024-Sep 02, 2024
ZAR | 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 (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.
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
27.394.00
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 0.06 and exchange rate charged 0.053.23
Total cost (%)
5.235.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
71.6510.46
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
27.394.00
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 0.06 and exchange rate charged 0.053.23
Total cost (%)
5.235.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
71.6510.46
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
27.394.00
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 0.06 and exchange rate charged 0.053.23
Total cost (%)
5.235.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
71.6510.46
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
24.993.65
Exchange rate margin (%)
3.56
Percentage difference between market reference rate 0.06 and exchange rate charged 0.053.56
Total cost (%)
5.385.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
73.7110.76
Firm
EcoCash Remit
Firm type: Mobile Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
74.5210.88
Exchange rate margin (%)
0.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.12
Total cost (%)
5.565.56
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
76.1711.12
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
68.5010.00
Exchange rate margin (%)
1.82
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.82
Total cost (%)
6.826.82
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
93.4313.64
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
68.5010.00
Exchange rate margin (%)
1.83
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.83
Total cost (%)
6.836.83
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
93.5713.66
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
50.007.30
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 0.06 and exchange rate charged 0.053.23
Total cost (%)
6.886.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
94.2613.76
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
50.007.30
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 0.06 and exchange rate charged 0.053.23
Total cost (%)
6.886.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
94.2613.76
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
50.007.30
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 0.06 and exchange rate charged 0.053.23
Total cost (%)
6.886.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
94.2613.76
Firm
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
104.3615.24
Exchange rate margin (%)
1.35
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.35
Total cost (%)
8.978.97
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
122.8917.94
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
130.0018.98
Exchange rate margin (%)
1.73
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.73
Total cost (%)
11.2211.22
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
153.7122.44
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
144.0021.02
Exchange rate margin (%)
0.96
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.96
Total cost (%)
11.4711.47
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
157.1422.94
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
144.0021.02
Exchange rate margin (%)
0.96
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.96
Total cost (%)
11.4711.47
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
157.1422.94
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
144.0021.02
Exchange rate margin (%)
0.96
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.96
Total cost (%)
11.4711.47
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
157.1422.94
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
144.0021.02
Exchange rate margin (%)
0.96
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.96
Total cost (%)
11.4711.47
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
157.1422.94
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
144.0021.02
Exchange rate margin (%)
1.08
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.08
Total cost (%)
11.5911.59
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
158.7823.18
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
144.0021.02
Exchange rate margin (%)
1.08
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.08
Total cost (%)
11.5911.59
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
158.7823.18
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
144.0021.02
Exchange rate margin (%)
1.13
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.13
Total cost (%)
11.6411.64
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
159.4723.28
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
144.0021.02
Exchange rate margin (%)
1.13
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.13
Total cost (%)
11.6411.64
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
159.4723.28
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
146.0021.31
Exchange rate margin (%)
1.78
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.78
Total cost (%)
12.4412.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
170.4324.88
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
146.0021.31
Exchange rate margin (%)
1.79
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.79
Total cost (%)
12.4512.45
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
170.5724.90
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
146.0021.31
Exchange rate margin (%)
2.01
Percentage difference between market reference rate 0.06 and exchange rate charged 0.062.01
Total cost (%)
12.6712.67
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
173.5825.34
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
146.0021.31
Exchange rate margin (%)
2.03
Percentage difference between market reference rate 0.06 and exchange rate charged 0.062.03
Total cost (%)
12.6912.69
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
173.8525.38
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
Medium
Fee
206.0930.09
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
15.9615.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
218.6531.92
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
Medium
Fee
206.0930.09
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
15.9615.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
218.6531.92
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
Medium
Fee
206.0930.09
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
15.9615.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
218.6531.92
Firm
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
207.6430.31
Exchange rate margin (%)
0.90
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.90
Total cost (%)
16.0616.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
220.0232.12
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
209.8530.64
Exchange rate margin (%)
1.44
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.44
Total cost (%)
16.7616.76
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
229.6133.52
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
209.8530.64
Exchange rate margin (%)
1.51
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.51
Total cost (%)
16.8316.83
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
230.5733.66
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
230.0033.58
Exchange rate margin (%)
1.73
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.73
Total cost (%)
18.5218.52
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
253.7237.04
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
230.0033.58
Exchange rate margin (%)
1.73
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.73
Total cost (%)
18.5218.52
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
253.7237.04
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
280.0040.88
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
21.3621.36
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
292.6342.72
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
381.9055.75
Exchange rate margin (%)
0.95
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.95
Total cost (%)
28.8328.83
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
394.9757.66
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
435.0063.50
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.01
Total cost (%)
32.7632.76
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
448.8165.52
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
420.0061.31
Exchange rate margin (%)
2.43
Percentage difference between market reference rate 0.06 and exchange rate charged 0.052.43
Total cost (%)
33.0933.09
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
453.3366.18
Total Average Third Quarter 2024
13.1813.18
Total Average Second Quarter 2024
13.2813.28
Total Average
Fee
157.2722.96
Exchange Rate Margin (%)
1.701.70
Total Cost Percent (%)
13.1813.18
Total Cost (ZAR) Total Cost (USD)
180.5026.35
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
50.007.33
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 0.06 and exchange rate charged 0.053.23
Total cost (%)
4.704.70
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
160.2723.50
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
50.007.33
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 0.06 and exchange rate charged 0.053.23
Total cost (%)
4.704.70
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
160.2723.50
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
50.007.33
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 0.06 and exchange rate charged 0.053.23
Total cost (%)
4.704.70
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
160.2723.50
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
68.2010.00
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 0.06 and exchange rate charged 0.053.23
Total cost (%)
5.235.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
178.3426.15
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
68.2010.00
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 0.06 and exchange rate charged 0.053.23
Total cost (%)
5.235.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
178.3426.15
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
68.2010.00
Exchange rate margin (%)
3.23
Percentage difference between market reference rate 0.06 and exchange rate charged 0.053.23
Total cost (%)
5.235.23
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
178.3426.15
Firm
EcoCash Remit
Firm type: Mobile Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
186.8327.39
Exchange rate margin (%)
0.12
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.12
Total cost (%)
5.605.60
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
190.9628.00
Firm
Sikhona Money Transfers
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
Low
Fee
24.993.66
Exchange rate margin (%)
5.35
Percentage difference between market reference rate 0.06 and exchange rate charged 0.055.35
Total cost (%)
6.086.08
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
207.3330.40
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
150.0021.99
Exchange rate margin (%)
1.73
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.73
Total cost (%)
6.136.13
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
209.0330.65
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
170.5025.00
Exchange rate margin (%)
1.82
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.82
Total cost (%)
6.826.82
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
232.5634.10
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
170.5025.00
Exchange rate margin (%)
1.83
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.83
Total cost (%)
6.836.83
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
232.9034.15
Firm
First National Bank of South Africa via MoneyGram
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
208.7130.60
Exchange rate margin (%)
1.35
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.35
Total cost (%)
7.477.47
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
254.7337.35
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
250.0036.66
Exchange rate margin (%)
1.73
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.73
Total cost (%)
9.069.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
308.9545.30
Firm
First National Bank of South Africa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
250.0036.66
Exchange rate margin (%)
1.73
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.73
Total cost (%)
9.069.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
308.9545.30
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
280.0041.06
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
9.139.13
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
311.3345.65
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
Medium
Fee
288.5342.31
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
9.389.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
319.8646.90
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
Medium
Fee
288.5342.31
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
9.389.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
319.8646.90
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
Medium
Fee
288.5342.31
Exchange rate margin (%)
0.92
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.92
Total cost (%)
9.389.38
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
319.8646.90
Firm
ABSA via Western Union
Firm type: Bank / Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
290.7042.62
Exchange rate margin (%)
0.90
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.90
Total cost (%)
9.429.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
321.2247.10
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
272.8140.00
Exchange rate margin (%)
1.44
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.44
Total cost (%)
9.449.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
321.9047.20
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
272.8140.00
Exchange rate margin (%)
1.51
Percentage difference between market reference rate 0.06 and exchange rate charged 0.051.51
Total cost (%)
9.519.51
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
324.2947.55
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
342.0050.15
Exchange rate margin (%)
0.96
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.96
Total cost (%)
10.9910.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
374.7654.95
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
342.0050.15
Exchange rate margin (%)
0.96
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.96
Total cost (%)
10.9910.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
374.7654.95
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
342.0050.15
Exchange rate margin (%)
0.96
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.96
Total cost (%)
10.9910.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
374.7654.95
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
342.0050.15
Exchange rate margin (%)
0.96
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.96
Total cost (%)
10.9910.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
374.7654.95
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
342.0050.15
Exchange rate margin (%)
1.08
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.08
Total cost (%)
11.1111.11
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
378.8555.55
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
342.0050.15
Exchange rate margin (%)
1.08
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.08
Total cost (%)
11.1111.11
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
378.8555.55
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
342.0050.15
Exchange rate margin (%)
1.13
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.13
Total cost (%)
11.1611.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
380.5655.80
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Call Center
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
342.0050.15
Exchange rate margin (%)
1.13
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.13
Total cost (%)
11.1611.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
380.5655.80
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
346.0050.73
Exchange rate margin (%)
1.78
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.78
Total cost (%)
11.9311.93
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
406.8159.65
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
346.0050.73
Exchange rate margin (%)
1.79
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.79
Total cost (%)
11.9411.94
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
407.1559.70
Firm
Standard Bank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
381.9056.00
Exchange rate margin (%)
0.95
Percentage difference between market reference rate 0.06 and exchange rate charged 0.060.95
Total cost (%)
12.1512.15
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
414.3260.75
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
346.0050.73
Exchange rate margin (%)
2.01
Percentage difference between market reference rate 0.06 and exchange rate charged 0.062.01
Total cost (%)
12.1612.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
414.6660.80
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
346.0050.73
Exchange rate margin (%)
2.03
Percentage difference between market reference rate 0.06 and exchange rate charged 0.062.03
Total cost (%)
12.1812.18
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
415.3460.90
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
435.0063.78
Exchange rate margin (%)
1.01
Percentage difference between market reference rate 0.06 and exchange rate charged 0.061.01
Total cost (%)
13.7713.77
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
469.5668.85
Firm
Nedbank
Firm type: Bank
 
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
420.0061.58
Exchange rate margin (%)
2.43
Percentage difference between market reference rate 0.06 and exchange rate charged 0.052.43
Total cost (%)
14.7514.75
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
502.9873.75
Total Average Third Quarter 2024
9.169.16
Total Average Second Quarter 2024
8.298.29
Total Average
Fee
252.9237.08
Exchange Rate Margin (%)
1.751.75
Total Cost Percent (%)
9.169.16
Total Cost (ZAR) Total Cost (USD)
312.4545.81
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days
Bank account Cash Mobile wallet
Least Costly Corridors To Zimbabwe
Least Costly Corridors From South Africa
      © 2023 The World Bank Group, All Rights Reserved