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 15, 2020
RWF | USD
Payment instrument
Access point
Sending network coverage
Receiving method
KCB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
1,500.002.00
0.44
Percentage difference between market reference rate 0.11 and exchange rate charged 0.11
0.44
1.441.44
2,160.002.88
KCB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
750.001.00
0.44
Percentage difference between market reference rate 0.11 and exchange rate charged 0.11
0.44
0.940.94
1,410.001.88
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
11,000.0014.67
1.23
Percentage difference between market reference rate 0.11 and exchange rate charged 0.11
1.23
8.568.56
12,840.0017.12
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
14,250.0019.00
1.17
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
1.17
10.6710.67
16,005.0021.34
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
6,000.008.00
3.94
Percentage difference between market reference rate 0.11 and exchange rate charged 0.11
3.94
7.947.94
11,910.0015.88
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
Low
Receiving method
High
3,000.004.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
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. · Service for members
MTN Mobile Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
5,000.006.67
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
3.333.33
4,995.006.66
Total Average Second Quarter
4.984.98
Total Average First Quarter
6.036.03
Total Average
Fee
5,928.577.90
Exchange Rate Margin (%)
1.031.03
Total Cost Percent (%)
4.984.98
Total Cost (RWF) Total Cost (USD)
7,474.299.97
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
25,500.0034.00
1.17
Percentage difference between market reference rate 0.00 and exchange rate charged 0.00
1.17
7.977.97
29,887.5039.85
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
22,000.0029.33
1.23
Percentage difference between market reference rate 0.11 and exchange rate charged 0.11
1.23
7.097.09
26,587.5035.45
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
9,000.0012.00
3.94
Percentage difference between market reference rate 0.11 and exchange rate charged 0.11
3.94
6.346.34
23,775.0031.70
KCB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
3,750.005.00
0.44
Percentage difference between market reference rate 0.11 and exchange rate charged 0.11
0.44
1.441.44
5,400.007.20
KCB Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Low
Receiving method
High
1,875.002.50
0.44
Percentage difference between market reference rate 0.11 and exchange rate charged 0.11
0.44
0.940.94
3,525.004.70
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
Firm type: Money Transfer Operator
Payment instrument
Access point
Mobile phone
Sending network coverage
Medium
Receiving method
High
12,000.0016.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
3.203.20
12,000.0016.00
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.
Ecobank RapidCash
Firm type: Bank
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
Low
Receiving method
High
7,500.0010.00
0.00
Percentage difference between market reference rate 1.00 and exchange rate charged 1.00
0.00
2.002.00
7,500.0010.00
Total Average Second Quarter
4.144.14
Total Average First Quarter
5.275.27
Total Average
Fee
11,660.7115.55
Exchange Rate Margin (%)
1.031.03
Total Cost Percent (%)
4.144.14
Total Cost (RWF) Total Cost (USD)
15,525.0020.70
Non-Transparent records
Bank account transfer Mobile money Cash
Less than one hour Same day Next day
Bank account Cash Mobile wallet Own/partner bank account
Least Costly Corridors From Rwanda