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: May 10, 2019
ZAR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
exchange4free.com
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
0.000.00
2.31
Percentage difference between market reference rate 25.27 and exchange rate charged 24.69
2.31
2.312.31
31.654.62
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
3.64
Percentage difference between market reference rate 25.27 and exchange rate charged 24.35
3.64
8.648.64
118.3717.28
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
2.14
Percentage difference between market reference rate 25.27 and exchange rate charged 24.73
2.14
8.638.63
118.2317.26
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
2.49
Percentage difference between market reference rate 25.27 and exchange rate charged 24.64
2.49
9.789.78
133.9919.56
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
139.6820.39
1.92
Percentage difference between market reference rate 14.24 and exchange rate charged 13.97
1.92
12.1112.11
165.9124.22
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
139.8520.42
1.80
Percentage difference between market reference rate 14.24 and exchange rate charged 13.99
1.80
12.0112.01
164.5424.02
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
290.2442.37
3.31
Percentage difference between market reference rate 14.24 and exchange rate charged 13.77
3.31
24.5024.50
335.6549.00
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
325.0047.45
2.83
Percentage difference between market reference rate 25.27 and exchange rate charged 24.56
2.83
26.5526.55
363.7453.10
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
350.0051.09
3.29
Percentage difference between market reference rate 25.27 and exchange rate charged 24.44
3.29
28.8328.83
394.9757.66
Total Average Second Quarter
14.8214.82
Total Average First Quarter
14.8014.80
Total Average
Fee
166.9224.37
Exchange Rate Margin (%)
2.642.64
Total Cost Percent (%)
14.8214.82
Total Cost (ZAR) Total Cost (USD)
203.0129.64
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
exchange4free.com
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
0.000.00
2.31
Percentage difference between market reference rate 25.27 and exchange rate charged 24.69
2.31
2.312.31
78.7711.55
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
2.14
Percentage difference between market reference rate 25.27 and exchange rate charged 24.73
2.14
4.754.75
161.9823.75
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
3.64
Percentage difference between market reference rate 25.27 and exchange rate charged 24.35
3.64
8.648.64
294.6243.20
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
2.49
Percentage difference between market reference rate 25.27 and exchange rate charged 24.64
2.49
5.425.42
184.8227.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
223.7632.81
1.80
Percentage difference between market reference rate 14.24 and exchange rate charged 13.99
1.80
8.368.36
285.0841.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
209.5230.72
1.92
Percentage difference between market reference rate 14.24 and exchange rate charged 13.97
1.92
8.068.06
274.8540.30
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
290.2442.56
3.31
Percentage difference between market reference rate 14.24 and exchange rate charged 13.77
3.31
11.8211.82
403.0659.10
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
325.0047.65
2.83
Percentage difference between market reference rate 25.27 and exchange rate charged 24.56
2.83
12.3612.36
421.4861.80
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
350.0051.32
3.29
Percentage difference between market reference rate 25.27 and exchange rate charged 24.44
3.29
13.5513.55
462.0667.75
Total Average Second Quarter
8.368.36
Total Average First Quarter
8.778.77
Total Average
Fee
195.3428.64
Exchange Rate Margin (%)
2.642.64
Total Cost Percent (%)
8.368.36
Total Cost (ZAR) Total Cost (USD)
285.1941.82
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