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Transfer money

Sending money from SOUTH AFRICA to KENYA

Data collected on: May 10, 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
exchange4free.com
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
5.17
Percentage difference between market reference rate 7.09 and exchange rate charged 6.735.17
Total cost (%)
5.175.17
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
70.8310.34
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
78.0011.39
Exchange rate margin (%)
0.48
Percentage difference between market reference rate 7.09 and exchange rate charged 7.060.48
Total cost (%)
6.186.18
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
84.6712.36
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 (%)
1.81
Percentage difference between market reference rate 7.09 and exchange rate charged 6.971.81
Total cost (%)
6.816.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
93.3013.62
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 (%)
1.81
Percentage difference between market reference rate 7.09 and exchange rate charged 6.971.81
Total cost (%)
6.816.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
93.3013.62
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 (%)
1.81
Percentage difference between market reference rate 7.09 and exchange rate charged 6.971.81
Total cost (%)
6.816.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
93.3013.62
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 (%)
2.04
Percentage difference between market reference rate 7.09 and exchange rate charged 6.952.04
Total cost (%)
8.538.53
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
116.8617.06
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 (%)
2.12
Percentage difference between market reference rate 7.09 and exchange rate charged 6.942.12
Total cost (%)
9.429.42
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
129.0518.84
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
139.8520.42
Exchange rate margin (%)
1.80
Percentage difference between market reference rate 14.24 and exchange rate charged 13.991.80
Total cost (%)
12.0112.01
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
164.5424.02
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
139.6820.39
Exchange rate margin (%)
1.92
Percentage difference between market reference rate 14.24 and exchange rate charged 13.971.92
Total cost (%)
12.1112.11
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
165.9124.22
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 (%)
2.03
Percentage difference between market reference rate 7.09 and exchange rate charged 6.952.03
Total cost (%)
20.2820.28
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
277.8440.56
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 (%)
2.03
Percentage difference between market reference rate 7.09 and exchange rate charged 6.952.03
Total cost (%)
27.5827.58
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
377.8555.16
Total Average Second Quarter
11.0611.06
Total Average First Quarter
10.8810.88
Total Average
Fee
122.9117.94
Exchange Rate Margin (%)
2.092.09
Total Cost Percent (%)
11.0611.06
Total Cost (ZAR) Total Cost (USD)
151.5922.13
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour 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
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 (%)
1.61
Percentage difference between market reference rate 7.09 and exchange rate charged 6.981.61
Total cost (%)
4.224.22
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
143.9021.10
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 (%)
2.12
Percentage difference between market reference rate 7.09 and exchange rate charged 6.942.12
Total cost (%)
5.055.05
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
172.2125.25
Firm
exchange4free.com
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
0.000.00
Exchange rate margin (%)
5.17
Percentage difference between market reference rate 7.09 and exchange rate charged 6.735.17
Total cost (%)
5.175.17
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
176.3025.85
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
194.0028.45
Exchange rate margin (%)
0.48
Percentage difference between market reference rate 7.09 and exchange rate charged 7.060.48
Total cost (%)
6.176.17
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
210.4030.85
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 (%)
1.81
Percentage difference between market reference rate 7.09 and exchange rate charged 6.971.81
Total cost (%)
6.816.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
232.2234.05
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 (%)
1.81
Percentage difference between market reference rate 7.09 and exchange rate charged 6.971.81
Total cost (%)
6.816.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
232.2234.05
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 (%)
1.81
Percentage difference between market reference rate 7.09 and exchange rate charged 6.971.81
Total cost (%)
6.816.81
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
232.2234.05
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
209.5230.72
Exchange rate margin (%)
1.92
Percentage difference between market reference rate 14.24 and exchange rate charged 13.971.92
Total cost (%)
8.068.06
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
274.8540.30
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
223.7632.81
Exchange rate margin (%)
1.80
Percentage difference between market reference rate 14.24 and exchange rate charged 13.991.80
Total cost (%)
8.368.36
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
285.0841.80
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 (%)
2.03
Percentage difference between market reference rate 7.09 and exchange rate charged 6.952.03
Total cost (%)
9.369.36
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
319.1846.80
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
350.0051.32
Exchange rate margin (%)
2.03
Percentage difference between market reference rate 7.09 and exchange rate charged 6.952.03
Total cost (%)
12.3012.30
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
419.4361.50
Total Average Second Quarter
7.197.19
Total Average First Quarter
7.977.97
Total Average
Fee
175.2525.70
Exchange Rate Margin (%)
2.052.05
Total Cost Percent (%)
7.197.19
Total Cost (ZAR) Total Cost (USD)
245.2735.96
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour 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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