Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to KENYA

Data collected on: Oct 28, 2020
ZAR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
ChipperCash
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
5.15
Percentage difference between market reference rate 6.68 and exchange rate charged 6.34
5.15
5.155.15
70.5610.30
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
High
0.000.00
5.87
Percentage difference between market reference rate 6.68 and exchange rate charged 6.29
5.87
5.875.87
80.4211.74
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
50.007.30
2.39
Percentage difference between market reference rate 6.68 and exchange rate charged 6.53
2.39
6.046.04
82.7512.08
EcoCash Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
High
20.553.00
4.71
Percentage difference between market reference rate 6.68 and exchange rate charged 6.37
4.71
6.216.21
85.0812.42
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
2.02
Percentage difference between market reference rate 6.68 and exchange rate charged 6.55
2.02
7.027.02
96.1714.04
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
2.02
Percentage difference between market reference rate 6.68 and exchange rate charged 6.55
2.02
7.027.02
96.1714.04
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
Medium
Receiving method
Agent
High
75.0010.95
1.56
Percentage difference between market reference rate 6.68 and exchange rate charged 6.58
1.56
7.047.04
96.4514.08
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
89.0012.99
1.86
Percentage difference between market reference rate 6.68 and exchange rate charged 6.56
1.86
8.368.36
114.5316.72
SFX
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
76.2511.13
3.46
Percentage difference between market reference rate 6.68 and exchange rate charged 6.45
3.46
9.029.02
123.5718.04
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
176.6025.78
1.11
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
1.11
14.0014.00
191.8028.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
166.0924.25
2.03
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
2.03
14.1614.16
193.9928.32
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
260.0037.96
1.66
Percentage difference between market reference rate 6.68 and exchange rate charged 6.57
1.66
20.6420.64
282.7741.28
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
370.0054.01
1.66
Percentage difference between market reference rate 6.68 and exchange rate charged 6.57
1.66
28.6728.67
392.7857.34
Total Average Fourth Quarter 2020
10.7110.71
Total Average Third Quarter 2020
11.6811.68
Total Average
Fee
109.2715.95
Exchange Rate Margin (%)
2.732.73
Total Cost Percent (%)
10.7110.71
Total Cost (ZAR) Total Cost (USD)
146.7021.42
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
Payment instrument
Access point
Sending network coverage
Receiving method
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
High
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
Medium
Receiving method
Agent
High
75.0011.00
1.56
Percentage difference between market reference rate 6.68 and exchange rate charged 6.58
1.56
3.763.76
128.2218.80
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
50.007.33
2.39
Percentage difference between market reference rate 6.68 and exchange rate charged 6.53
2.39
3.853.85
131.2919.25
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
89.0013.05
1.86
Percentage difference between market reference rate 6.68 and exchange rate charged 6.56
1.86
4.474.47
152.4322.35
ChipperCash
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
5.15
Percentage difference between market reference rate 6.68 and exchange rate charged 6.34
5.15
5.155.15
175.6225.75
SFX
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
76.2511.18
3.46
Percentage difference between market reference rate 6.68 and exchange rate charged 6.45
3.46
5.695.69
194.0328.45
EcoCash Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
High
51.157.50
4.71
Percentage difference between market reference rate 6.68 and exchange rate charged 6.37
4.71
6.216.21
211.7631.05
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
2.02
Percentage difference between market reference rate 6.68 and exchange rate charged 6.55
2.02
7.027.02
239.3835.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
170.5025.00
2.02
Percentage difference between market reference rate 6.68 and exchange rate charged 6.55
2.02
7.027.02
239.3835.10
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
215.9231.66
2.03
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
2.03
8.378.37
285.4241.85
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
260.0038.12
1.66
Percentage difference between market reference rate 6.68 and exchange rate charged 6.57
1.66
9.299.29
316.7946.45
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
308.0345.17
1.11
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
1.11
10.1410.14
345.7750.70
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
High
370.0054.25
1.66
Percentage difference between market reference rate 6.68 and exchange rate charged 6.57
1.66
12.5212.52
426.9362.60
Total Average Fourth Quarter 2020
6.966.96
Total Average Third Quarter 2020
7.457.45
Total Average
Fee
153.0322.44
Exchange Rate Margin (%)
2.472.47
Total Cost Percent (%)
6.966.96
Total Cost (ZAR) Total Cost (USD)
237.2534.79
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