Remittance Prices Worldwide

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Sending money from SOUTH AFRICA to INDIA

Data collected on: Feb 15, 2018
ZAR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
exchange4free.com
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
0.000.00
3.94
3.94
3.943.94
53.987.88
Mama Money
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
High
100.0014.60
1.26
1.26
8.568.56
117.2717.12
Hello-Paisa
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
100.0014.60
2.47
2.47
9.779.77
133.8519.54
Western Union
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
High
169.5424.75
3.66
3.66
16.0416.04
219.7532.08
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
181.5026.50
3.58
3.58
16.8316.83
230.5733.66
State Bank of India
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
256.5037.45
2.72
2.72
21.4521.45
293.8742.90
State Bank of India
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
285.0041.61
2.72
2.72
23.5323.53
322.3647.06
Total Average First Quarter
14.3014.30
Total Average Fourth Quarter 2017
11.6711.67
Total Average
Fee
156.0822.78
Exchange Rate Margin (%)
2.912.91
Total Cost Percent (%)
14.3014.30
Total Cost (ZAR) Total Cost (USD)
195.9528.61
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Next day 3-5 days
Bank account Bank account (same/partner bank) Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
exchange4free.com
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
0.000.00
4.00
4.00
4.004.00
136.4020.00
Mama Money
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
High
100.0014.66
1.26
1.26
4.204.20
143.2221.00
Hello-Paisa
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
100.0014.66
2.47
2.47
5.405.40
184.1427.00
State Bank of India
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
256.5037.61
2.72
2.72
10.2510.25
349.5351.25
State Bank of India
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
285.0041.79
2.72
2.72
11.0811.08
377.8355.40
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
290.4042.58
3.58
3.58
12.1012.10
412.6160.50
Western Union
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
High
302.7544.39
3.66
3.66
12.5412.54
427.6162.70
Total Average First Quarter
8.518.51
Total Average Fourth Quarter 2017
6.686.68
Total Average
Fee
190.6627.96
Exchange Rate Margin (%)
2.922.92
Total Cost Percent (%)
8.518.51
Total Cost (ZAR) Total Cost (USD)
290.1942.55
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Next day 3-5 days
Bank account Bank account (same/partner bank) Cash Mobile wallet