Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to NIGERIA

Data collected on: Feb 06, 2020
ZAR | USD
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
Medium
43.166.30
2.31
Percentage difference between market reference rate 24.78 and exchange rate charged 24.21
2.31
5.465.46
74.8010.92
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
68.5010.00
6.06
Percentage difference between market reference rate 24.78 and exchange rate charged 23.28
6.06
11.0611.06
151.5222.12
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
Medium
89.0012.99
5.05
Percentage difference between market reference rate 24.78 and exchange rate charged 23.53
5.05
11.5511.55
158.2423.10
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
7.10
Percentage difference between market reference rate 24.78 and exchange rate charged 23.02
7.10
12.1012.10
165.7724.20
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
171.0024.96
1.22
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.22
13.7013.70
187.6927.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
176.0025.69
1.67
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.67
14.5214.52
198.9229.04
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
304.0144.38
2.33
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.33
24.5324.53
336.0649.06
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
345.0050.36
3.87
Percentage difference between market reference rate 24.78 and exchange rate charged 23.82
3.87
29.0529.05
397.9958.10
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
360.0052.55
4.43
Percentage difference between market reference rate 24.78 and exchange rate charged 23.68
4.43
30.7130.71
420.7361.42
Total Average First Quarter
16.9616.96
Total Average Fourth Quarter 2019
16.9616.96
Total Average
Fee
180.5726.36
Exchange Rate Margin (%)
3.783.78
Total Cost Percent (%)
16.9616.96
Total Cost (ZAR) Total Cost (USD)
232.4133.93
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day 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
Medium
N/AN/A
N/A
not available
N/A
N/AN/A
N/AN/A
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
Medium
89.0013.05
5.05
Percentage difference between market reference rate 24.78 and exchange rate charged 23.53
5.05
7.667.66
261.2138.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
257.2237.72
1.22
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.22
8.768.76
298.7243.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
282.3041.39
1.67
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.67
9.959.95
339.3049.75
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
170.5025.00
6.06
Percentage difference between market reference rate 24.78 and exchange rate charged 23.28
6.06
11.0611.06
377.1555.30
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
304.0144.58
2.33
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.33
11.2511.25
383.6356.25
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
7.10
Percentage difference between market reference rate 24.78 and exchange rate charged 23.02
7.10
12.1012.10
412.6160.50
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
345.0050.59
3.87
Percentage difference between market reference rate 24.78 and exchange rate charged 23.82
3.87
13.9813.98
476.7269.90
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
360.0052.79
4.43
Percentage difference between market reference rate 24.78 and exchange rate charged 23.68
4.43
14.9914.99
511.1674.95
Total Average First Quarter
11.2211.22
Total Average Fourth Quarter 2019
11.2911.29
Total Average
Fee
247.3236.26
Exchange Rate Margin (%)
3.973.97
Total Cost Percent (%)
11.2211.22
Total Cost (ZAR) Total Cost (USD)
382.5656.09
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day 3-5 days
Bank account Cash Mobile wallet