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Transfer money

Sending money from SOUTH AFRICA to KENYA

Data collected on: Feb 06, 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
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 (%)
0.16
Percentage difference between market reference rate 6.81 and exchange rate charged 6.800.16
Total cost (%)
3.763.76
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
51.517.52
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
68.119.94
Exchange rate margin (%)
1.40
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.40
Total cost (%)
6.376.37
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
87.2712.74
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
67.009.78
Exchange rate margin (%)
3.00
Percentage difference between market reference rate 6.81 and exchange rate charged 6.613.00
Total cost (%)
7.897.89
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
108.0915.78
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
67.009.78
Exchange rate margin (%)
3.00
Percentage difference between market reference rate 6.81 and exchange rate charged 6.613.00
Total cost (%)
7.897.89
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
108.0915.78
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 (%)
2.85
Percentage difference between market reference rate 6.81 and exchange rate charged 6.622.85
Total cost (%)
8.328.32
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
113.9816.64
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
68.5010.00
Exchange rate margin (%)
5.42
Percentage difference between market reference rate 6.81 and exchange rate charged 6.455.42
Total cost (%)
10.4210.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
142.7520.84
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 (%)
6.37
Percentage difference between market reference rate 6.81 and exchange rate charged 6.386.37
Total cost (%)
12.8712.87
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
176.3225.74
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
171.0024.96
Exchange rate margin (%)
1.22
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.22
Total cost (%)
13.7013.70
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
187.6927.40
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
176.0025.69
Exchange rate margin (%)
1.67
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.67
Total cost (%)
14.5214.52
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
198.9229.04
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 (%)
3.35
Percentage difference between market reference rate 6.81 and exchange rate charged 6.593.35
Total cost (%)
22.3222.32
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
305.7844.64
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
360.0052.55
Exchange rate margin (%)
3.35
Percentage difference between market reference rate 6.81 and exchange rate charged 6.593.35
Total cost (%)
29.6229.62
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
405.7959.24
Total Average First Quarter
12.5212.52
Total Average Fourth Quarter 2019
14.0514.05
Total Average
Fee
131.9019.26
Exchange Rate Margin (%)
2.892.89
Total Cost Percent (%)
12.5212.52
Total Cost (ZAR) Total Cost (USD)
171.4725.03
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
170.5025.00
Exchange rate margin (%)
1.40
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.40
Total cost (%)
6.406.40
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
218.2432.00
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 (%)
3.00
Percentage difference between market reference rate 6.81 and exchange rate charged 6.613.00
Total cost (%)
8.008.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
272.8040.00
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 (%)
3.00
Percentage difference between market reference rate 6.81 and exchange rate charged 6.613.00
Total cost (%)
8.008.00
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
272.8040.00
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
200.0029.33
Exchange rate margin (%)
2.85
Percentage difference between market reference rate 6.81 and exchange rate charged 6.622.85
Total cost (%)
8.718.71
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
297.0143.55
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
257.2237.72
Exchange rate margin (%)
1.22
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.22
Total cost (%)
8.768.76
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
298.7243.80
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 (%)
6.37
Percentage difference between market reference rate 6.81 and exchange rate charged 6.386.37
Total cost (%)
8.988.98
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
306.2244.90
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
282.3041.39
Exchange rate margin (%)
1.67
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.67
Total cost (%)
9.959.95
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
339.3049.75
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
170.5025.00
Exchange rate margin (%)
5.42
Percentage difference between market reference rate 6.81 and exchange rate charged 6.455.42
Total cost (%)
10.4210.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
355.3252.10
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 (%)
3.35
Percentage difference between market reference rate 6.81 and exchange rate charged 6.593.35
Total cost (%)
10.9710.97
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
374.0854.85
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
360.0052.79
Exchange rate margin (%)
3.35
Percentage difference between market reference rate 6.81 and exchange rate charged 6.593.35
Total cost (%)
13.9013.90
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
473.9969.50
Total Average First Quarter
9.419.41
Total Average Fourth Quarter 2019
10.3410.34
Total Average
Fee
213.0531.24
Exchange Rate Margin (%)
3.163.16
Total Cost Percent (%)
9.419.41
Total Cost (ZAR) Total Cost (USD)
320.8547.05
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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