Remittance Prices Worldwide

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Transfer money

Sending money from SOUTH AFRICA to KENYA

Data collected on: Oct 29, 2019
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
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
41.106.00
Exchange rate margin (%)
1.91
Percentage difference between market reference rate 7.09 and exchange rate charged 6.961.91
Total cost (%)
4.914.91
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
67.279.82
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 (%)
1.99
Percentage difference between market reference rate 7.09 and exchange rate charged 6.951.99
Total cost (%)
6.996.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
95.7613.98
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 (%)
1.99
Percentage difference between market reference rate 7.09 and exchange rate charged 6.951.99
Total cost (%)
6.996.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
95.7613.98
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 (%)
4.76
Percentage difference between market reference rate 7.09 and exchange rate charged 6.764.76
Total cost (%)
11.2611.26
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
154.2622.52
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 (%)
4.44
Percentage difference between market reference rate 7.09 and exchange rate charged 6.784.44
Total cost (%)
11.7411.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
160.8423.48
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
137.0020.00
Exchange rate margin (%)
2.29
Percentage difference between market reference rate 7.09 and exchange rate charged 6.932.29
Total cost (%)
12.2912.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
168.3724.58
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
197.1928.79
Exchange rate margin (%)
3.90
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.90
Total cost (%)
18.2918.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
250.5736.58
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
211.8130.92
Exchange rate margin (%)
3.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.65
Total cost (%)
19.1119.11
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
261.8138.22
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
250.0036.50
Exchange rate margin (%)
2.55
Percentage difference between market reference rate 7.09 and exchange rate charged 6.912.55
Total cost (%)
20.8020.80
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
284.9641.60
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
350.0051.09
Exchange rate margin (%)
2.55
Percentage difference between market reference rate 7.09 and exchange rate charged 6.912.55
Total cost (%)
28.1028.10
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
384.9756.20
Total Average Fourth Quarter 2019
14.0514.05
Total Average Third Quarter 2019
12.6212.62
Total Average
Fee
151.3122.09
Exchange Rate Margin (%)
3.003.00
Total Cost Percent (%)
14.0514.05
Total Cost (ZAR) Total Cost (USD)
192.4628.10
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
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 (%)
1.99
Percentage difference between market reference rate 7.09 and exchange rate charged 6.951.99
Total cost (%)
6.996.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
238.3634.95
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 (%)
1.99
Percentage difference between market reference rate 7.09 and exchange rate charged 6.951.99
Total cost (%)
6.996.99
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
238.3634.95
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 (%)
4.44
Percentage difference between market reference rate 7.09 and exchange rate charged 6.784.44
Total cost (%)
7.377.37
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
251.3236.85
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 (%)
4.76
Percentage difference between market reference rate 7.09 and exchange rate charged 6.764.76
Total cost (%)
7.377.37
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
251.3236.85
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
250.0036.66
Exchange rate margin (%)
2.55
Percentage difference between market reference rate 7.09 and exchange rate charged 6.912.55
Total cost (%)
9.889.88
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
336.9149.40
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
341.0050.00
Exchange rate margin (%)
2.29
Percentage difference between market reference rate 7.09 and exchange rate charged 6.932.29
Total cost (%)
12.2912.29
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
419.0961.45
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
350.0051.32
Exchange rate margin (%)
2.55
Percentage difference between market reference rate 7.09 and exchange rate charged 6.912.55
Total cost (%)
12.8112.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
436.8264.05
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
364.0453.38
Exchange rate margin (%)
3.90
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.90
Total cost (%)
14.5814.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
497.1872.90
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
378.2355.46
Exchange rate margin (%)
3.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.65
Total cost (%)
14.7414.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
502.6373.70
Total Average Fourth Quarter 2019
10.3410.34
Total Average Third Quarter 2019
9.029.02
Total Average
Fee
245.9236.06
Exchange Rate Margin (%)
3.123.12
Total Cost Percent (%)
10.3410.34
Total Cost (ZAR) Total Cost (USD)
352.4451.68
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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