Remittance Prices Worldwide

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Sending money from RWANDA to KENYA

Data collected on: Feb 08, 2019
RWF | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Ecobank RapidCash
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
Low
Receiving method
High
1,275.001.70
2.83
2.83
3.683.68
5,520.007.36
Xpress Money
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
4,661.006.21
4.43
4.43
7.537.53
11,295.0015.06
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8,896.0011.86
2.50
2.50
8.438.43
12,645.0016.86
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
11,000.0014.67
1.35
1.35
8.688.68
13,020.0017.36
Xpress Money
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
6,907.009.21
4.43
4.43
9.039.03
13,545.0018.06
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. · Service for members
MTN Mobile Money
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
550.000.73
0.00
0.00
0.370.37
555.000.74
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. · service to non MoMo users
MTN Mobile Money
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
3,000.004.00
0.00
0.00
2.002.00
3,000.004.00
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.
Kenya Commercial Bank (KCB)
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
10,000.0013.33
0.00
0.00
6.676.67
10,005.0013.34
Total Average First Quarter
5.805.80
Total Average Fourth Quarter 2018
6.256.25
Total Average
Fee
5,786.137.71
Exchange Rate Margin (%)
1.941.94
Total Cost Percent (%)
5.805.80
Total Cost (RWF) Total Cost (USD)
8,698.1311.60
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Ecobank RapidCash
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
Low
Receiving method
High
2,550.003.40
2.83
2.83
3.513.51
13,162.5017.55
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
13,347.0017.80
2.50
2.50
6.066.06
22,725.0030.30
Xpress Money
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
6,991.009.32
4.43
4.43
6.296.29
23,587.5031.45
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
22,000.0029.33
1.35
1.35
7.227.22
27,075.0036.10
Xpress Money
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
16,017.0021.36
4.43
4.43
8.708.70
32,625.0043.50
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. · Service for members
MTN Mobile Money
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
1,000.001.33
0.00
0.00
0.270.27
1,012.501.35
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. · service to non MoMo users
MTN Mobile Money
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
6,000.008.00
0.00
0.00
1.601.60
6,000.008.00
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.
Kenya Commercial Bank (KCB)
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
10,000.0013.33
0.00
0.00
2.672.67
10,012.5013.35
Total Average First Quarter
4.544.54
Total Average Fourth Quarter 2018
4.824.82
Total Average
Fee
9,738.1312.98
Exchange Rate Margin (%)
1.941.94
Total Cost Percent (%)
4.544.54
Total Cost (RWF) Total Cost (USD)
17,025.0022.70
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet
Least Costly Corridors From Rwanda