Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to INDIA

Data collected on: Oct 28, 2020
ZAR | 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 (ZAR)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.
EcoCash Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
High
0.000.00
1.36
Percentage difference between market reference rate 4.55 and exchange rate charged 4.48
1.36
1.361.36
18.632.72
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.35
Percentage difference between market reference rate 4.55 and exchange rate charged 4.44
2.35
7.357.35
100.7014.70
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
1.74
Percentage difference between market reference rate 4.55 and exchange rate charged 4.47
1.74
9.049.04
123.8518.08
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
100.0014.60
2.11
Percentage difference between market reference rate 4.55 and exchange rate charged 4.45
2.11
9.419.41
128.9218.82
SFX
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
103.5015.11
2.99
Percentage difference between market reference rate 4.55 and exchange rate charged 4.41
2.99
10.5510.55
144.5421.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
176.6025.78
1.11
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
1.11
14.0014.00
191.8028.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
166.0924.25
2.03
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
2.03
14.1614.16
193.9928.32
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
225.0032.85
2.33
Percentage difference between market reference rate 4.55 and exchange rate charged 4.44
2.33
18.7618.76
257.0137.52
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
250.0036.50
2.33
Percentage difference between market reference rate 4.55 and exchange rate charged 4.44
2.33
20.5820.58
281.9541.16
Total Average Fourth Quarter 2020
11.6911.69
Total Average Third Quarter 2020
13.1113.11
Total Average
Fee
132.1919.30
Exchange Rate Margin (%)
2.042.04
Total Cost Percent (%)
11.6911.69
Total Cost (ZAR) Total Cost (USD)
160.1523.38
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day 3-5 days
Bank account Cash Mobile wallet Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
EcoCash Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
High
0.000.00
1.36
Percentage difference between market reference rate 4.55 and exchange rate charged 4.48
1.36
1.361.36
46.386.80
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
1.74
Percentage difference between market reference rate 4.55 and exchange rate charged 4.47
1.74
4.674.67
159.2523.35
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
100.0014.66
2.11
Percentage difference between market reference rate 4.55 and exchange rate charged 4.45
2.11
5.055.05
172.2125.25
SFX
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
103.5015.18
2.99
Percentage difference between market reference rate 4.55 and exchange rate charged 4.41
2.99
6.036.03
205.6230.15
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.35
Percentage difference between market reference rate 4.55 and exchange rate charged 4.44
2.35
7.357.35
250.6436.75
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
215.9231.66
2.03
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
2.03
8.378.37
285.4241.85
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
225.0032.99
2.33
Percentage difference between market reference rate 4.55 and exchange rate charged 4.44
2.33
8.938.93
304.5144.65
State Bank of India
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
250.0036.66
2.33
Percentage difference between market reference rate 4.55 and exchange rate charged 4.44
2.33
9.679.67
329.7548.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
308.0345.17
1.11
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
1.11
10.1410.14
345.7750.70
Total Average Fourth Quarter 2020
6.846.84
Total Average Third Quarter 2020
7.647.64
Total Average
Fee
163.6624.00
Exchange Rate Margin (%)
2.042.04
Total Cost Percent (%)
6.846.84
Total Cost (ZAR) Total Cost (USD)
233.2834.21
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day 3-5 days
Bank account Cash Mobile wallet Own/partner bank account