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: Sep 17, 2019
ZAR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
350.0051.09
7.59
Percentage difference between market reference rate 24.55 and exchange rate charged 22.69
7.59
33.1433.14
454.0266.28
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Bank branch
Medium
27.404.00
2.04
Percentage difference between market reference rate 24.55 and exchange rate charged 24.05
2.04
4.044.04
55.358.08
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
285.0041.61
3.20
Percentage difference between market reference rate 24.55 and exchange rate charged 23.77
3.20
24.0024.00
328.8048.00
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.60
4.65
Percentage difference between market reference rate 24.55 and exchange rate charged 23.41
4.65
11.9511.95
163.7223.90
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
2.25
Percentage difference between market reference rate 24.55 and exchange rate charged 24.00
2.25
8.748.74
119.7417.48
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
199.0429.06
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.63
18.1618.16
248.7936.32
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
290.2442.37
16.97
Percentage difference between market reference rate 24.55 and exchange rate charged 20.39
16.97
38.1538.15
522.6676.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
214.3531.29
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.63
19.2819.28
264.1438.56
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
4.16
Percentage difference between market reference rate 24.55 and exchange rate charged 23.53
4.16
9.169.16
125.4918.32
Total Average Third Quarter
18.5118.51
Total Average Second Quarter
14.8214.82
Total Average
Fee
180.3926.33
Exchange Rate Margin (%)
5.355.35
Total Cost Percent (%)
18.5118.51
Total Cost (ZAR) Total Cost (USD)
253.6337.03
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
2.25
Percentage difference between market reference rate 24.55 and exchange rate charged 24.00
2.25
4.864.86
165.7324.30
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
100.0014.66
4.65
Percentage difference between market reference rate 24.55 and exchange rate charged 23.41
4.65
7.587.58
258.4837.90
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
4.16
Percentage difference between market reference rate 24.55 and exchange rate charged 23.53
4.16
9.169.16
312.3645.80
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
285.0041.79
3.20
Percentage difference between market reference rate 24.55 and exchange rate charged 23.77
3.20
11.5611.56
394.2057.80
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
290.2442.56
16.97
Percentage difference between market reference rate 24.55 and exchange rate charged 20.39
16.97
25.4825.48
868.87127.40
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
350.0051.32
7.59
Percentage difference between market reference rate 24.55 and exchange rate charged 22.69
7.59
17.8617.86
609.0389.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
367.4653.88
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.63
14.4114.41
491.3872.05
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
382.7756.12
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.63
14.8614.86
506.7374.30
Total Average Third Quarter
13.2213.22
Total Average Second Quarter
8.368.36
Total Average
Fee
254.3737.30
Exchange Rate Margin (%)
5.765.76
Total Cost Percent (%)
13.2213.22
Total Cost (ZAR) Total Cost (USD)
450.8566.11
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