Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From RWRwanda you can also send money to

Sending money from RWANDA to KENYA

Data collected on: May 13, 2021-Jun 29, 2021
RWF | 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 (RWF)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.
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4,400.005.87
0.85
Percentage difference between market reference rate 0.11 and exchange rate charged 0.11
0.85
3.793.79
5,685.007.58
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
4,400.005.87
0.98
Percentage difference between market reference rate 0.11 and exchange rate charged 0.11
0.98
3.923.92
5,880.007.84
KCB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
0.000.00
4.82
Percentage difference between market reference rate 0.11 and exchange rate charged 0.10
4.82
4.824.82
7,230.009.64
KCB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
0.000.00
4.82
Percentage difference between market reference rate 0.11 and exchange rate charged 0.10
4.82
4.824.82
7,230.009.64
MTN Mobile Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
250.000.33
4.84
Percentage difference between market reference rate 0.11 and exchange rate charged 0.10
4.84
5.005.00
7,500.0010.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6,000.008.00
3.49
Percentage difference between market reference rate 0.11 and exchange rate charged 0.10
3.49
7.497.49
11,235.0014.98
Maico Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
6,033.008.04
4.23
Percentage difference between market reference rate 0.11 and exchange rate charged 0.10
4.23
8.258.25
12,375.0016.50
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12,980.0017.31
2.97
Percentage difference between market reference rate 0.11 and exchange rate charged 0.10
2.97
11.6211.62
17,430.0023.24
Ecobank RapidCash
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
16,500.0022.00
7.52
Percentage difference between market reference rate 0.11 and exchange rate charged 0.10
7.52
18.5218.52
27,780.0037.04
Total Average Second Quarter 2021
7.587.58
Total Average First Quarter 2021
8.848.84
Total Average
Fee
5,618.117.49
Exchange Rate Margin (%)
3.843.84
Total Cost Percent (%)
7.587.58
Total Cost (RWF) Total Cost (USD)
11,371.6715.16
Non-Transparent records
Bank account transfer Credit Card Debit card Mobile money Cash
Less than one hour Same day
Bank account Cash Mobile wallet Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
6,150.008.20
0.85
Percentage difference between market reference rate 0.11 and exchange rate charged 0.11
0.85
2.492.49
9,337.5012.45
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
6,150.008.20
0.98
Percentage difference between market reference rate 0.11 and exchange rate charged 0.11
0.98
2.622.62
9,825.0013.10
KCB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
0.000.00
4.82
Percentage difference between market reference rate 0.11 and exchange rate charged 0.10
4.82
4.824.82
18,075.0024.10
KCB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
0.000.00
4.82
Percentage difference between market reference rate 0.11 and exchange rate charged 0.10
4.82
4.824.82
18,075.0024.10
MTN Mobile Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
1,500.002.00
4.83
Percentage difference between market reference rate 0.11 and exchange rate charged 0.10
4.83
5.235.23
19,612.5026.15
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
9,000.0012.00
3.49
Percentage difference between market reference rate 0.11 and exchange rate charged 0.10
3.49
5.895.89
22,087.5029.45
Maico Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
13,072.0017.43
4.23
Percentage difference between market reference rate 0.11 and exchange rate charged 0.10
4.23
7.727.72
28,950.0038.60
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
25,960.0034.61
2.97
Percentage difference between market reference rate 0.11 and exchange rate charged 0.10
2.97
9.899.89
37,087.5049.45
Ecobank RapidCash
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
18,750.0025.00
7.52
Percentage difference between market reference rate 0.11 and exchange rate charged 0.10
7.52
12.5212.52
46,950.0062.60
Total Average Second Quarter 2021
6.226.22
Total Average First Quarter 2021
7.577.57
Total Average
Fee
8,953.5611.94
Exchange Rate Margin (%)
3.833.83
Total Cost Percent (%)
6.226.22
Total Cost (RWF) Total Cost (USD)
23,333.3331.11
Non-Transparent records
Bank account transfer Credit Card Debit card Mobile money Cash
Less than one hour Same day
Bank account Cash Mobile wallet Own/partner bank account
Least Costly Corridors From Rwanda