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 13, 2020
ZAR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
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
5.64
Percentage difference between market reference rate 21.07 and exchange rate charged 19.88
5.64
30.8230.82
422.2361.64
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
370.0054.01
3.34
Percentage difference between market reference rate 21.07 and exchange rate charged 20.37
3.34
30.3530.35
415.8060.70
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
304.0144.38
2.42
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.42
24.6124.61
337.1649.22
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
185.2027.04
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.38
15.8915.89
217.6931.78
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
184.6026.95
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.35
13.8213.82
189.3327.64
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
3.30
Percentage difference between market reference rate 21.07 and exchange rate charged 20.38
3.30
10.6010.60
145.2221.20
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
68.5010.00
5.54
Percentage difference between market reference rate 21.07 and exchange rate charged 19.90
5.54
10.5410.54
144.4021.08
SFX
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
28.504.16
5.57
Percentage difference between market reference rate 21.07 and exchange rate charged 19.90
5.57
7.657.65
104.8115.30
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
3.99
Percentage difference between market reference rate 21.07 and exchange rate charged 20.23
3.99
7.147.14
97.8214.28
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
Medium
66.009.64
-6.88
Percentage difference between market reference rate 21.07 and exchange rate charged 22.52
-6.88
-2.06-2.06
-28.22-4.12
Total Average Second Quarter
14.9414.94
Total Average First Quarter
16.9616.96
Total Average
Fee
169.5024.74
Exchange Rate Margin (%)
2.572.57
Total Cost Percent (%)
14.9414.94
Total Cost (ZAR) Total Cost (USD)
204.6229.87
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
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
-6.88
Percentage difference between market reference rate 21.07 and exchange rate charged 22.52
-6.88
-4.27-4.27
-145.61-21.35
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
SFX
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
28.504.18
5.57
Percentage difference between market reference rate 21.07 and exchange rate charged 19.90
5.57
6.416.41
218.5832.05
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
170.5025.00
5.54
Percentage difference between market reference rate 21.07 and exchange rate charged 19.90
5.54
10.5410.54
359.4152.70
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
3.30
Percentage difference between market reference rate 21.07 and exchange rate charged 20.38
3.30
6.236.23
212.4431.15
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
221.5232.48
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.35
6.856.85
233.5934.25
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
240.7635.30
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.38
9.449.44
321.9047.20
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
304.0144.58
2.42
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.42
11.3411.34
386.6956.70
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
370.0054.25
3.34
Percentage difference between market reference rate 21.07 and exchange rate charged 20.37
3.34
14.2014.20
484.2271.00
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
345.0050.59
5.64
Percentage difference between market reference rate 21.07 and exchange rate charged 19.88
5.64
15.7515.75
537.0878.75
Total Average Second Quarter
8.508.50
Total Average First Quarter
11.2211.22
Total Average
Fee
207.7030.45
Exchange Rate Margin (%)
2.412.41
Total Cost Percent (%)
8.508.50
Total Cost (ZAR) Total Cost (USD)
289.8142.49
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