Remittance Prices Worldwide

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Transfer money

Sending money from UNITED STATES to SOMALIA

Data collected on: May 14, 2020
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (USD)sort descending
Firm
Iftin Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
10.0010.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
5.005.00
Total cost (USD)sort descending
10.0010.00
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
10.5010.50
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
5.255.25
Total cost (USD)sort descending
10.5010.50
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
11.5011.50
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
5.755.75
Total cost (USD)sort descending
11.5011.50
Firm
Al-Mustaqbal Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.0012.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
12.0012.00
Firm
Kaah Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.0012.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
12.0012.00
Firm
Tawakal Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.0012.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
12.0012.00
Firm
Dahabshiil
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
30.0030.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
15.0015.00
Total cost (USD)sort descending
30.0030.00
Total Average Second Quarter
7.007.00
Total Average First Quarter
5.885.88
Total Average
Fee
14.0014.00
Exchange Rate Margin (%)
0.000.00
Total Cost Percent (%)
7.007.00
Total Cost (USD) Total Cost (USD)
14.0014.00
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day
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 (USD)sort descending
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
10.5010.50
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
2.102.10
Total cost (USD)sort descending
10.5010.50
Firm
Iftin Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coverage
Medium
Fee
25.0025.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
5.005.00
Total cost (USD)sort descending
25.0025.00
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
28.7528.75
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
5.755.75
Total cost (USD)sort descending
28.7528.75
Firm
Al-Mustaqbal Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
Low
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
30.0030.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
30.0030.00
Firm
Dahabshiil
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
30.0030.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
30.0030.00
Firm
Kaah Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
30.0030.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
30.0030.00
Firm
Tawakal Express
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
30.0030.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
6.006.00
Total cost (USD)sort descending
30.0030.00
Total Average Second Quarter
5.265.26
Total Average First Quarter
5.485.48
Total Average
Fee
26.3226.32
Exchange Rate Margin (%)
0.000.00
Total Cost Percent (%)
5.265.26
Total Cost (USD) Total Cost (USD)
26.3226.32
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day
Cash Mobile wallet
Least Costly Corridors To Somalia
Least Costly Corridors From United States
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