Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From CMCameroon you can also send money to
Transfer money

Sending money from CAMEROON to NIGERIA

Data collected on: May 15, 2020
CFA | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (CFA)Total cost (USD)
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
11,000.0023.66
Exchange rate margin (%)
4.34
Percentage difference between market reference rate 0.65 and exchange rate charged 0.624.34
Total cost (%)
16.1716.17
Total cost (CFA)Total cost (USD)
15,038.1032.34
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
11,000.0023.66
Exchange rate margin (%)
4.34
Percentage difference between market reference rate 0.65 and exchange rate charged 0.624.34
Total cost (%)
16.1716.17
Total cost (CFA)Total cost (USD)
15,038.1032.34
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Ecobank RapidCash
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
2,800.006.02
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
3.013.01
Total cost (CFA)Total cost (USD)
2,799.306.02
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
2,730.005.87
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
2.942.94
Total cost (CFA)Total cost (USD)
2,734.205.88
Total Average Second Quarter
9.579.57
Total Average First Quarter
9.419.41
Total Average
Fee
6,882.5014.80
Exchange Rate Margin (%)
2.172.17
Total Cost Percent (%)
9.579.57
Total Cost (CFA) Total Cost (USD)
8,902.4319.15
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day
Bank account Cash
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Feesort descending
Exchange rate margin (%)
Total cost (%)
Total cost (CFA)Total cost (USD)
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
Feesort descending
17,500.0038.04
Exchange rate margin (%)
4.34
Percentage difference between market reference rate 0.65 and exchange rate charged 0.624.34
Total cost (%)
11.9511.95
Total cost (CFA)Total cost (USD)
27,485.0059.75
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Feesort descending
17,500.0038.04
Exchange rate margin (%)
4.34
Percentage difference between market reference rate 0.65 and exchange rate charged 0.624.34
Total cost (%)
11.9511.95
Total cost (CFA)Total cost (USD)
27,485.0059.75
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Ecobank RapidCash
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Feesort descending
6,900.0015.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
3.003.00
Total cost (CFA)Total cost (USD)
6,900.0015.00
Firm
This RSP is not transparent: the exchange rate applied to the transaction was not disclosed. The 0% in the exchange rate margin does NOT necessarily mean that there is no exchange rate cost, but rather that this cost is not disclosed to the sender at the time of sending.
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Feesort descending
6,900.0015.00
Exchange rate margin (%)
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.000.00
Total cost (%)
3.003.00
Total cost (CFA)Total cost (USD)
6,900.0015.00
Total Average Second Quarter
7.487.48
Total Average First Quarter
6.896.89
Total Average
Fee
12,200.0026.52
Exchange Rate Margin (%)
2.172.17
Total Cost Percent (%)
7.487.48
Total Cost (CFA) Total Cost (USD)
17,192.5037.38
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day Next day
Bank account Cash
Least Costly Corridors To Nigeria
Least Costly Corridors From Cameroon
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