Remittance Prices Worldwide

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Sending money from SINGAPORE to INDONESIA

Data collected on: Nov 01, 2018
SGD | USD
Payment instrument
Access point
Sending network coverage
Receiving method
M1 Remit
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
0.000.00
0.15
0.15
0.150.15
0.390.30
InstaReM
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
1.130.87
-0.07
-0.07
0.360.36
0.940.72
BOSS Mobile Money
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
6.004.62
0.11
0.11
2.422.42
6.294.84
DBS Remit
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
3.08
3.08
3.083.08
8.016.16
A-Express Remit
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
7.005.38
0.42
0.42
3.113.11
8.096.22
A-Express Remit
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
8.006.15
0.42
0.42
3.503.50
9.107.00
BNI (Bank Negara Indonesia)
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
8.006.15
0.51
0.51
3.593.59
9.337.18
BNI (Bank Negara Indonesia)
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
8.006.15
0.51
0.51
3.593.59
9.337.18
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
2.001.54
3.01
3.01
3.783.78
9.837.56
BOSS Mobile Money
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.007.69
0.11
0.11
3.963.96
10.307.92
Pay2Home Remittance
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Medium
9.507.31
0.51
0.51
4.164.16
10.828.32
BKK Forex
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
10.007.69
0.33
0.33
4.174.17
10.848.34
GPL Remittance
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
10.007.69
0.42
0.42
4.274.27
11.108.54
Mong Lee Enterprise
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
10.007.69
0.60
0.60
4.454.45
11.578.90
All Best Enterprise
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
10.007.69
0.69
0.69
4.544.54
11.809.08
JC Money Change
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
10.007.69
0.69
0.69
4.544.54
11.809.08
Transferwise
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.862.20
3.58
3.58
4.684.68
12.179.36
Golden Dragon
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
10.007.69
0.87
0.87
4.724.72
12.279.44
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10.007.69
1.28
1.28
5.125.12
13.3110.24
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.31
4.30
4.30
5.465.46
14.2010.92
SmartSend
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
6.07
6.07
6.076.07
15.7812.14
Brunphil Express
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
8.006.15
3.52
3.52
6.596.59
17.1313.18
Brunphil Express
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
8.006.15
3.52
3.52
6.596.59
17.1313.18
Singtel Dash
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Medium
9.006.92
3.29
3.29
6.756.75
17.5513.50
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
12.009.23
3.01
3.01
7.637.63
19.8415.26
Mass Express
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.69
4.34
4.34
8.188.18
21.2716.36
Mass Express
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
10.007.69
4.34
4.34
8.188.18
21.2716.36
Raffles Money Change
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
10.007.69
16.18
16.18
20.0320.03
52.0840.06
Total Average Fourth Quarter 2018
5.135.13
Total Average Third Quarter 2018
4.154.15
Total Average
Fee
7.235.56
Exchange Rate Margin (%)
2.352.35
Total Cost Percent (%)
5.135.13
Total Cost (SGD) Total Cost (USD)
13.3410.26
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day Next day 2 days
Bank account Bank account (same/partner bank) Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
M1 Remit
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
0.000.00
0.15
0.15
0.150.15
0.970.75
InstaReM
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
2.932.27
-0.07
-0.07
0.380.38
2.451.90
BOSS Mobile Money
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
6.004.65
0.11
0.11
1.041.04
6.715.20
A-Express Remit
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
7.005.43
0.42
0.42
1.501.50
9.687.50
BOSS Mobile Money
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.007.75
0.11
0.11
1.661.66
10.718.30
A-Express Remit
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
8.006.20
0.42
0.42
1.661.66
10.718.30
BNI (Bank Negara Indonesia)
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
8.006.20
0.51
0.51
1.751.75
11.298.75
BNI (Bank Negara Indonesia)
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
Medium
8.006.20
0.51
0.51
1.751.75
11.298.75
BKK Forex
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
10.007.75
0.33
0.33
1.881.88
12.139.40
GPL Remittance
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
10.007.75
0.42
0.42
1.971.97
12.719.85
Pay2Home Remittance
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Medium
9.507.36
0.51
0.51
1.981.98
12.779.90
Mong Lee Enterprise
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
10.007.75
0.60
0.60
2.152.15
13.8710.75
All Best Enterprise
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
10.007.75
0.69
0.69
2.242.24
14.4511.20
JC Money Change
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
10.007.75
0.69
0.69
2.242.24
14.4511.20
Golden Dragon
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
10.007.75
0.87
0.87
2.422.42
15.6112.10
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10.007.75
1.28
1.28
2.832.83
18.2514.15
DBS Remit
Payment instrument
Access point
Bank branch, Call Center, Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
3.08
3.08
3.083.08
19.8715.40
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
2.001.55
3.01
3.01
3.323.32
21.4116.60
Transferwise
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
5.053.91
3.58
3.58
4.364.36
28.1221.80
Singtel Dash
Payment instrument
Access point
Mobile phone
Sending network coverage
High
Receiving method
Medium
9.006.98
3.29
3.29
4.684.68
30.1923.40
Brunphil Express
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
8.006.20
3.52
3.52
4.764.76
30.7023.80
Brunphil Express
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
8.006.20
3.52
3.52
4.764.76
30.7023.80
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
3.002.33
4.30
4.30
4.774.77
30.7723.85
Western Union
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
12.009.30
3.01
3.01
4.874.87
31.4124.35
Mass Express
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
High
10.007.75
4.34
4.34
5.895.89
37.9929.45
Mass Express
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
10.007.75
4.34
4.34
5.895.89
37.9929.45
SmartSend
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
0.000.00
6.07
6.07
6.076.07
39.1530.35
Raffles Money Change
Payment instrument
Access point
Agent
Sending network coverage
Low
Receiving method
Medium
10.007.75
16.18
16.18
17.7317.73
114.3688.65
Total Average Fourth Quarter 2018
3.493.49
Total Average Third Quarter 2018
2.412.41
Total Average
Fee
7.375.72
Exchange Rate Margin (%)
2.352.35
Total Cost Percent (%)
3.493.49
Total Cost (SGD) Total Cost (USD)
22.5317.46
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day Next day 2 days
Bank account Bank account (same/partner bank) Cash Mobile wallet