Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to TANZANIA

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
52.617.68
1.69
Percentage difference between market reference rate 156.72 and exchange rate charged 154.07
1.69
5.535.53
75.7611.06
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
2.86
Percentage difference between market reference rate 156.72 and exchange rate charged 152.24
2.86
7.867.86
107.6815.72
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
68.5010.00
2.86
Percentage difference between market reference rate 156.72 and exchange rate charged 152.24
2.86
7.867.86
107.6815.72
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
High
66.009.64
5.10
Percentage difference between market reference rate 156.72 and exchange rate charged 148.72
5.10
9.929.92
135.9019.84
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
High
68.5010.00
6.08
Percentage difference between market reference rate 156.72 and exchange rate charged 147.18
6.08
11.0811.08
151.8022.16
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
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
260.0037.96
2.13
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.13
21.1121.11
289.2142.22
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
360.0052.55
2.13
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.13
28.4128.41
389.2256.82
Total Average First Quarter
13.3313.33
Total Average Fourth Quarter 2019
14.4514.45
Total Average
Fee
143.4620.94
Exchange Rate Margin (%)
2.862.86
Total Cost Percent (%)
13.3313.33
Total Cost (ZAR) Total Cost (USD)
182.6526.66
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day Next 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
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
2.86
Percentage difference between market reference rate 156.72 and exchange rate charged 152.24
2.86
7.867.86
268.0339.30
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
170.5025.00
2.86
Percentage difference between market reference rate 156.72 and exchange rate charged 152.24
2.86
7.867.86
268.0339.30
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
High
100.0014.66
5.10
Percentage difference between market reference rate 156.72 and exchange rate charged 148.72
5.10
8.048.04
274.1640.20
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
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
260.0038.12
2.13
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.13
9.759.75
332.4848.75
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
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
High
170.5025.00
6.08
Percentage difference between market reference rate 156.72 and exchange rate charged 147.18
6.08
11.0811.08
377.8355.40
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
360.0052.79
2.13
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.13
12.6812.68
432.3963.40
Total Average First Quarter
9.509.50
Total Average Fourth Quarter 2019
10.3610.36
Total Average
Fee
221.3832.46
Exchange Rate Margin (%)
3.013.01
Total Cost Percent (%)
9.509.50
Total Cost (ZAR) Total Cost (USD)
323.8747.49
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day Next day 3-5 days
Bank account Cash Mobile wallet