Remittance Prices Worldwide

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Transfer money

Sending money from SOUTH AFRICA to KENYA

Data collected on: Sep 17, 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
27.404.00
Exchange rate margin (%)
0.71
Percentage difference between market reference rate 7.03 and exchange rate charged 6.980.71
Total cost (%)
2.712.71
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
37.135.42
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 (%)
1.73
Percentage difference between market reference rate 7.03 and exchange rate charged 6.911.73
Total cost (%)
6.736.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
92.2013.46
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 (%)
1.73
Percentage difference between market reference rate 7.03 and exchange rate charged 6.911.73
Total cost (%)
6.736.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
92.2013.46
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
68.5010.00
Exchange rate margin (%)
1.73
Percentage difference between market reference rate 7.03 and exchange rate charged 6.911.73
Total cost (%)
6.736.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
92.2013.46
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 (%)
1.59
Percentage difference between market reference rate 7.03 and exchange rate charged 6.921.59
Total cost (%)
7.077.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
96.8614.14
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 (%)
4.58
Percentage difference between market reference rate 7.03 and exchange rate charged 6.714.58
Total cost (%)
11.0711.07
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
151.6622.14
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 (%)
4.39
Percentage difference between market reference rate 7.03 and exchange rate charged 6.724.39
Total cost (%)
11.6911.69
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
160.1523.38
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
199.0429.06
Exchange rate margin (%)
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.63
Total cost (%)
18.1618.16
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
248.7936.32
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
214.3531.29
Exchange rate margin (%)
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.63
Total cost (%)
19.2819.28
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
264.1438.56
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 (%)
2.41
Percentage difference between market reference rate 7.03 and exchange rate charged 6.862.41
Total cost (%)
20.6620.66
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
283.0441.32
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 (%)
2.41
Percentage difference between market reference rate 7.03 and exchange rate charged 6.862.41
Total cost (%)
27.9627.96
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
383.0555.92
Total Average Third Quarter
12.6212.62
Total Average Second Quarter
11.0611.06
Total Average
Fee
137.3020.04
Exchange Rate Margin (%)
2.592.59
Total Cost Percent (%)
12.6212.62
Total Cost (ZAR) Total Cost (USD)
172.8625.23
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day Next 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
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 (%)
1.59
Percentage difference between market reference rate 7.03 and exchange rate charged 6.921.59
Total cost (%)
3.793.79
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
129.2418.95
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 (%)
1.73
Percentage difference between market reference rate 7.03 and exchange rate charged 6.911.73
Total cost (%)
6.736.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
229.4933.65
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 (%)
1.73
Percentage difference between market reference rate 7.03 and exchange rate charged 6.911.73
Total cost (%)
6.736.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
229.4933.65
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
170.5025.00
Exchange rate margin (%)
1.73
Percentage difference between market reference rate 7.03 and exchange rate charged 6.911.73
Total cost (%)
6.736.73
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
229.4933.65
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 (%)
4.58
Percentage difference between market reference rate 7.03 and exchange rate charged 6.714.58
Total cost (%)
7.197.19
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
245.1835.95
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 (%)
4.39
Percentage difference between market reference rate 7.03 and exchange rate charged 6.724.39
Total cost (%)
7.337.33
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
249.9536.65
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 (%)
2.41
Percentage difference between market reference rate 7.03 and exchange rate charged 6.862.41
Total cost (%)
9.749.74
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
332.1348.70
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 (%)
2.41
Percentage difference between market reference rate 7.03 and exchange rate charged 6.862.41
Total cost (%)
12.6712.67
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
432.0563.35
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
367.4653.88
Exchange rate margin (%)
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.63
Total cost (%)
14.4114.41
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
491.3872.05
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
382.7756.12
Exchange rate margin (%)
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.63
Total cost (%)
14.8614.86
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
506.7374.30
Total Average Third Quarter
9.029.02
Total Average Second Quarter
7.197.19
Total Average
Fee
212.5731.17
Exchange Rate Margin (%)
2.782.78
Total Cost Percent (%)
9.029.02
Total Cost (ZAR) Total Cost (USD)
307.5145.09
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day Next 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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