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: Feb 06, 2020
ZAR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
171.0024.96
1.22
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.22
13.7013.70
187.6927.40
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Receiving method
Agent
High
137.0020.00
11.04
Percentage difference between market reference rate 4.83 and exchange rate charged 4.30
11.04
21.0421.04
288.2542.08
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
2.14
Percentage difference between market reference rate 4.83 and exchange rate charged 4.73
2.14
18.5718.57
254.4137.14
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
2.14
Percentage difference between market reference rate 4.83 and exchange rate charged 4.73
2.14
20.3920.39
279.3440.78
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
176.0025.69
1.67
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.67
14.5214.52
198.9229.04
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
2.97
Percentage difference between market reference rate 4.83 and exchange rate charged 4.69
2.97
7.977.97
109.1915.94
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
5.83
Percentage difference between market reference rate 4.83 and exchange rate charged 4.55
5.83
10.8310.83
148.3721.66
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
High
100.0014.60
3.18
Percentage difference between market reference rate 4.83 and exchange rate charged 4.68
3.18
10.4810.48
143.5820.96
Total Average First Quarter
14.6914.69
Total Average Fourth Quarter 2019
15.5915.59
Total Average
Fee
149.5021.82
Exchange Rate Margin (%)
3.773.77
Total Cost Percent (%)
14.6914.69
Total Cost (ZAR) Total Cost (USD)
201.2229.38
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
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
High
100.0014.66
3.18
Percentage difference between market reference rate 4.83 and exchange rate charged 4.68
3.18
6.116.11
208.3530.55
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
2.97
Percentage difference between market reference rate 4.83 and exchange rate charged 4.69
2.97
7.977.97
271.7839.85
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
5.83
Percentage difference between market reference rate 4.83 and exchange rate charged 4.55
5.83
10.8310.83
369.3054.15
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
2.14
Percentage difference between market reference rate 4.83 and exchange rate charged 4.73
2.14
8.748.74
298.0343.70
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
2.14
Percentage difference between market reference rate 4.83 and exchange rate charged 4.73
2.14
9.479.47
322.9347.35
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
257.2237.72
1.22
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.22
8.768.76
298.7243.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
282.3041.39
1.67
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.67
9.959.95
339.3049.75
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
High
Receiving method
Agent
High
341.0050.00
11.04
Percentage difference between market reference rate 4.83 and exchange rate charged 4.30
11.04
21.0421.04
717.46105.20
Total Average First Quarter
10.3610.36
Total Average Fourth Quarter 2019
10.6910.69
Total Average
Fee
224.5732.93
Exchange Rate Margin (%)
3.773.77
Total Cost Percent (%)
10.3610.36
Total Cost (ZAR) Total Cost (USD)
353.2351.79
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