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 07, 2019
ZAR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
exchange4free.com
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
0.000.00
5.04
5.04
5.045.04
69.0510.08
Hello-Paisa
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
0.000.00
7.52
7.52
7.527.52
103.0215.04
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
68.5010.00
4.41
4.41
9.419.41
128.9218.82
Mama Money
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
Medium
89.0012.99
3.70
3.70
10.2010.20
139.7420.40
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
137.6020.09
0.71
0.71
10.7510.75
147.2821.50
Western Union
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
High
138.1220.16
1.20
1.20
11.2811.28
154.5422.56
Nedbank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
290.2442.37
2.50
2.50
23.6923.69
324.5547.38
First National Bank of South Africa
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
325.0047.45
2.99
2.99
26.7126.71
365.9353.42
ABSA
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
350.0051.09
3.05
3.05
28.6028.60
391.8257.20
Total Average First Quarter
14.8014.80
Total Average Fourth Quarter 2018
14.8114.81
Total Average
Fee
155.3822.68
Exchange Rate Margin (%)
3.463.46
Total Cost Percent (%)
14.8014.80
Total Cost (ZAR) Total Cost (USD)
202.7629.60
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Next day 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
WorldRemit
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
N/AN/A
N/A
N/A
N/AN/A
N/AN/A
exchange4free.com
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
0.000.00
5.04
5.04
5.045.04
171.8625.20
Mama Money
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
Medium
89.0013.05
3.70
3.70
6.316.31
215.1731.55
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
206.4030.26
0.71
0.71
6.766.76
230.5233.80
Hello-Paisa
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
0.000.00
7.52
7.52
7.527.52
256.4337.60
Western Union
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
High
220.9932.40
1.20
1.20
7.687.68
261.8938.40
Nedbank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
290.2442.56
2.50
2.50
11.0211.02
375.7855.10
First National Bank of South Africa
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
325.0047.65
2.99
2.99
12.5212.52
426.9362.60
ABSA
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
350.0051.32
3.05
3.05
13.3213.32
454.2166.60
Total Average First Quarter
8.778.77
Total Average Fourth Quarter 2018
7.697.69
Total Average
Fee
185.2027.16
Exchange Rate Margin (%)
3.343.34
Total Cost Percent (%)
8.778.77
Total Cost (ZAR) Total Cost (USD)
299.1043.86
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Next day 3-5 days
Bank account Cash Mobile wallet