Remittance Prices Worldwide

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Transfer money

Sending money from SOUTH AFRICA to KENYA

Data collected on: May 13, 2020
ZAR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
Firm
EcoCash Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
20.553.00
Exchange rate margin (%)
1.17
Percentage difference between market reference rate 5.75 and exchange rate charged 5.681.17
Total cost (%)
2.672.67
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
36.585.34
Firm
SFX
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
28.504.16
Exchange rate margin (%)
3.32
Percentage difference between market reference rate 5.75 and exchange rate charged 5.563.32
Total cost (%)
5.405.40
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
73.9810.80
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
75.0010.95
Exchange rate margin (%)
1.37
Percentage difference between market reference rate 5.75 and exchange rate charged 5.671.37
Total cost (%)
6.856.85
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
93.8513.70
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
68.5010.00
Exchange rate margin (%)
1.96
Percentage difference between market reference rate 5.75 and exchange rate charged 5.641.96
Total cost (%)
6.966.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
95.3513.92
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
68.5010.00
Exchange rate margin (%)
1.97
Percentage difference between market reference rate 5.75 and exchange rate charged 5.641.97
Total cost (%)
6.976.97
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
95.4913.94
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
89.0012.99
Exchange rate margin (%)
1.72
Percentage difference between market reference rate 5.75 and exchange rate charged 5.651.72
Total cost (%)
8.228.22
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
112.6116.44
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
100.0014.60
Exchange rate margin (%)
1.36
Percentage difference between market reference rate 5.75 and exchange rate charged 5.671.36
Total cost (%)
8.658.65
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
118.5117.30
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
High
Fee
49.327.20
Exchange rate margin (%)
5.20
Percentage difference between market reference rate 5.75 and exchange rate charged 5.455.20
Total cost (%)
8.808.80
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
120.5617.60
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
184.6026.95
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.35
Total cost (%)
13.8213.82
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
189.3327.64
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
185.2027.04
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.38
Total cost (%)
15.8915.89
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
217.6931.78
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
260.0037.96
Exchange rate margin (%)
2.73
Percentage difference between market reference rate 5.75 and exchange rate charged 5.592.73
Total cost (%)
21.7121.71
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
297.4343.42
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
370.0054.01
Exchange rate margin (%)
2.73
Percentage difference between market reference rate 5.75 and exchange rate charged 5.592.73
Total cost (%)
29.7429.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
407.4459.48
Total Average Second Quarter
11.3111.31
Total Average First Quarter
12.5212.52
Total Average
Fee
124.9318.24
Exchange Rate Margin (%)
2.192.19
Total Cost Percent (%)
11.3111.31
Total Cost (ZAR) Total Cost (USD)
154.9022.61
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coverage
High
Fee
N/AN/A
Exchange rate margin (%)
N/A
not availableN/A
Total cost (%)
N/AN/A
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
N/AN/A
Firm
EcoCash Remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
51.157.50
Exchange rate margin (%)
1.17
Percentage difference between market reference rate 5.75 and exchange rate charged 5.681.17
Total cost (%)
2.672.67
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
91.0513.35
Firm
Mukuru
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
75.0011.00
Exchange rate margin (%)
1.37
Percentage difference between market reference rate 5.75 and exchange rate charged 5.671.37
Total cost (%)
3.573.57
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
121.7417.85
Firm
SFX
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
28.504.18
Exchange rate margin (%)
3.32
Percentage difference between market reference rate 5.75 and exchange rate charged 5.563.32
Total cost (%)
4.164.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
141.8620.80
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
100.0014.66
Exchange rate margin (%)
1.36
Percentage difference between market reference rate 5.75 and exchange rate charged 5.671.36
Total cost (%)
4.294.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
146.2921.45
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
89.0013.05
Exchange rate margin (%)
1.72
Percentage difference between market reference rate 5.75 and exchange rate charged 5.651.72
Total cost (%)
4.334.33
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
147.6521.65
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
221.5232.48
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.35
Total cost (%)
6.856.85
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
233.5934.25
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
170.5025.00
Exchange rate margin (%)
1.96
Percentage difference between market reference rate 5.75 and exchange rate charged 5.641.96
Total cost (%)
6.966.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
237.3434.80
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
170.5025.00
Exchange rate margin (%)
1.96
Percentage difference between market reference rate 5.75 and exchange rate charged 5.641.96
Total cost (%)
6.966.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
237.3434.80
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
240.7635.30
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.38
Total cost (%)
9.449.44
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
321.9047.20
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
260.0038.12
Exchange rate margin (%)
2.73
Percentage difference between market reference rate 5.75 and exchange rate charged 5.592.73
Total cost (%)
10.3610.36
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
353.2851.80
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
370.0054.25
Exchange rate margin (%)
2.73
Percentage difference between market reference rate 5.75 and exchange rate charged 5.592.73
Total cost (%)
13.5813.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
463.0867.90
Total Average Second Quarter
6.656.65
Total Average First Quarter
9.419.41
Total Average
Fee
161.5423.69
Exchange Rate Margin (%)
1.911.91
Total Cost Percent (%)
6.656.65
Total Cost (ZAR) Total Cost (USD)
226.8333.26
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet
Least Costly Corridors To Kenya
Least Costly Corridors From South Africa
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