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: Jun 02, 2021-Jun 29, 2021
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
Sending network coverage
Medium
Receiving method
High
23.633.45
0.37
Percentage difference between market reference rate 5.39 and exchange rate charged 5.37
0.37
2.102.10
28.774.20
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
57.508.39
2.10
Percentage difference between market reference rate 5.31 and exchange rate charged 5.20
2.10
6.296.29
86.1712.58
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
100.0014.60
1.88
Percentage difference between market reference rate 4.88 and exchange rate charged 4.79
1.88
9.189.18
125.7718.36
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
103.5015.11
2.00
Percentage difference between market reference rate 5.39 and exchange rate charged 5.29
2.00
9.559.55
130.8419.10
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
103.5015.11
2.39
Percentage difference between market reference rate 5.40 and exchange rate charged 5.27
2.39
9.959.95
136.3219.90
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
4.04
Percentage difference between market reference rate 5.34 and exchange rate charged 5.13
4.04
11.3411.34
155.3622.68
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
156.5022.85
1.45
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.45
12.8712.87
176.3225.74
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
160.3123.40
1.27
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.27
12.9712.97
177.6925.94
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
160.8023.47
1.25
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.25
12.9912.99
177.9625.98
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
157.5523.00
2.07
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.07
13.5713.57
185.9127.14
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
2.62
Percentage difference between market reference rate 5.27 and exchange rate charged 5.13
2.62
19.0519.05
260.9938.10
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
2.62
Percentage difference between market reference rate 5.27 and exchange rate charged 5.13
2.62
19.0519.05
260.9938.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
504.4073.64
3.29
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.29
40.1140.11
549.5180.22
Total Average Second Quarter
13.7713.77
Total Average First Quarter
11.4511.45
Total Average
Fee
159.8223.33
Exchange Rate Margin (%)
2.102.10
Total Cost Percent (%)
13.7713.77
Total Cost (ZAR) Total Cost (USD)
188.6627.54
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 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
Sending network coverage
Medium
Receiving method
High
58.828.62
0.37
Percentage difference between market reference rate 5.39 and exchange rate charged 5.37
0.37
2.102.10
71.6110.50
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
100.0014.66
1.88
Percentage difference between market reference rate 4.88 and exchange rate charged 4.79
1.88
4.824.82
164.3624.10
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
103.5015.18
1.95
Percentage difference between market reference rate 5.39 and exchange rate charged 5.29
1.95
4.984.98
169.8224.90
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
103.5015.18
2.39
Percentage difference between market reference rate 5.40 and exchange rate charged 5.27
2.39
5.435.43
185.1627.15
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
4.04
Percentage difference between market reference rate 5.34 and exchange rate charged 5.13
4.04
6.976.97
237.6834.85
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
168.5024.71
2.10
Percentage difference between market reference rate 5.31 and exchange rate charged 5.20
2.10
7.047.04
240.0635.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
246.0636.08
1.27
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.27
8.488.48
289.1742.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
246.8236.19
1.25
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.25
8.498.49
289.5142.45
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
240.4935.26
1.45
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.45
8.508.50
289.8542.50
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
242.1135.50
2.07
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.07
9.179.17
312.7045.85
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
2.62
Percentage difference between market reference rate 5.27 and exchange rate charged 5.13
2.62
9.229.22
314.4046.10
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
2.62
Percentage difference between market reference rate 5.27 and exchange rate charged 5.13
2.62
9.229.22
314.4046.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
592.3486.85
3.29
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.29
20.6620.66
704.51103.30
Total Average Second Quarter
8.088.08
Total Average First Quarter
6.696.69
Total Average
Fee
204.0129.91
Exchange Rate Margin (%)
2.102.10
Total Cost Percent (%)
8.088.08
Total Cost (ZAR) Total Cost (USD)
275.6340.42
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Same day 2 days
Bank account Cash Mobile wallet Own/partner bank account