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Sending money from NIGERIA to BENIN

Data collected on: Apr 27, 2017
NGN | USD
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
3,045.0015.23
13.67
13.67
21.2921.29
8,516.0042.58
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
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10,000.0050.00
0.00
0.00
25.0025.00
10,000.0050.00
Total Average Second Quarter
23.1523.15
Total Average First Quarter
29.7129.71
Total Average
Fee
6,522.5032.61
Exchange Rate Margin (%)
6.846.84
Total Cost Percent (%)
23.1523.15
Total Cost (NGN) Total Cost (USD)
9,258.0046.29
Non-Transparent records
Cash
Less than one hour
Cash
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10,500.0052.50
13.67
13.67
24.1724.17
24,170.00120.85
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
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
15,000.0075.00
0.00
0.00
15.0015.00
15,000.0075.00
Total Average Second Quarter
19.5919.59
Total Average First Quarter
26.1626.16
Total Average
Fee
12,750.0063.75
Exchange Rate Margin (%)
6.846.84
Total Cost Percent (%)
19.5919.59
Total Cost (NGN) Total Cost (USD)
19,585.0097.93
Non-Transparent records
Cash
Less than one hour
Cash
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