Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From KEKenya you can also send money to

Sending money from KENYA to RWANDA

Data collected on: May 26, 2021-Jun 29, 2021
KES | 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 (KES)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.
Ecobank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Agent
Medium
300.003.33
-2.77
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
-2.77
-1.10-1.10
-198.00-2.20
M-Pesa
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Agent
High
288.003.20
0.00
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.00
1.601.60
288.003.20
EverSend
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
210.002.33
1.88
Percentage difference between market reference rate 8.92 and exchange rate charged 8.75
1.88
3.053.05
549.006.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
216.002.40
2.00
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.00
3.203.20
576.006.40
Dahabshiil
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Low
432.004.80
1.38
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.38
3.783.78
680.407.56
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
420.004.67
5.50
Percentage difference between market reference rate 9.31 and exchange rate charged 8.79
5.50
7.837.83
1,409.4015.66
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
Medium
1,750.0019.44
2.99
Percentage difference between market reference rate 8.92 and exchange rate charged 8.65
2.99
12.7112.71
2,287.8025.42
Total Average Second Quarter
4.444.44
Total Average First Quarter
6.696.69
Total Average
Fee
516.575.74
Exchange Rate Margin (%)
1.571.57
Total Cost Percent (%)
4.444.44
Total Cost (KES) Total Cost (USD)
798.948.88
Non-Transparent records
Bank account transfer Credit Card Debit card Mobile money Cash
Less than one hour Same day 2 days
Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Ecobank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
Agent
Medium
300.003.33
-2.77
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
-2.77
-2.10-2.10
-945.00-10.50
M-Pesa
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Agent
High
309.003.43
0.00
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
0.00
0.690.69
310.503.45
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
216.002.40
2.00
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
2.00
2.482.48
1,116.0012.40
EverSend
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
525.005.83
1.88
Percentage difference between market reference rate 8.92 and exchange rate charged 8.75
1.88
3.053.05
1,372.5015.25
Dahabshiil
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Low
1,080.0012.00
1.38
Percentage difference between market reference rate 0.01 and exchange rate charged 0.01
1.38
3.783.78
1,701.0018.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
420.004.67
5.50
Percentage difference between market reference rate 9.31 and exchange rate charged 8.79
5.50
6.436.43
2,893.5032.15
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
Medium
2,150.0023.89
2.99
Percentage difference between market reference rate 8.92 and exchange rate charged 8.65
2.99
7.777.77
3,496.5038.85
Total Average Second Quarter
3.163.16
Total Average First Quarter
4.634.63
Total Average
Fee
714.297.94
Exchange Rate Margin (%)
1.571.57
Total Cost Percent (%)
3.163.16
Total Cost (KES) Total Cost (USD)
1,420.7115.79
Non-Transparent records
Bank account transfer Credit Card Debit card Mobile money Cash
Less than one hour Same day 2 days
Cash Mobile wallet