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: Mar 23, 2021
ZAR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (ZAR)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.39
7.30
Percentage difference between market reference rate 157.03 and exchange rate charged 145.56
7.30
11.5011.50
157.5523.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
171.5125.04
1.00
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.00
13.5213.52
185.2227.04
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
1.69
Percentage difference between market reference rate 157.03 and exchange rate charged 154.37
1.69
6.696.69
91.6513.38
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
68.5010.00
1.69
Percentage difference between market reference rate 157.03 and exchange rate charged 154.37
1.69
6.696.69
91.6513.38
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
410.0059.85
1.18
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.18
31.1031.10
426.0762.20
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
1.18
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.18
21.6121.61
296.0643.22
ChipperCash
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
8.44
Percentage difference between market reference rate 157.03 and exchange rate charged 143.78
8.44
8.448.44
115.6316.88
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
1.78
Percentage difference between market reference rate 157.03 and exchange rate charged 154.23
1.78
5.625.62
76.9911.24
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
High
68.5010.00
5.04
Percentage difference between market reference rate 157.03 and exchange rate charged 149.12
5.04
10.0410.04
137.5520.08
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
66.009.64
14.80
Percentage difference between market reference rate 157.03 and exchange rate charged 133.78
14.80
19.6219.62
268.7939.24
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
151.7822.16
2.72
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.72
13.8013.80
189.0627.60
Total Average First Quarter
13.5113.51
Total Average Fourth Quarter 2020
11.8511.85
Total Average
Fee
126.8118.51
Exchange Rate Margin (%)
4.264.26
Total Cost Percent (%)
13.5113.51
Total Cost (ZAR) Total Cost (USD)
185.1127.02
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
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
274.4240.24
1.00
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.00
9.059.05
308.6145.25
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
1.18
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.18
9.399.39
320.2046.95
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
410.0060.12
1.18
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.18
13.2013.20
450.1266.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
1.69
Percentage difference between market reference rate 157.03 and exchange rate charged 154.37
1.69
6.696.69
228.1333.45
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
170.5025.00
1.69
Percentage difference between market reference rate 157.03 and exchange rate charged 154.37
1.69
6.696.69
228.1333.45
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
227.6733.38
2.72
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
2.72
9.409.40
320.5447.00
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
High
170.5025.00
5.04
Percentage difference between market reference rate 157.03 and exchange rate charged 149.12
5.04
10.0410.04
342.3650.20
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
57.508.43
7.30
Percentage difference between market reference rate 157.03 and exchange rate charged 145.56
7.30
8.998.99
306.5644.95
ChipperCash
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
8.44
Percentage difference between market reference rate 157.03 and exchange rate charged 143.78
8.44
8.448.44
287.8042.20
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
89.0013.05
14.80
Percentage difference between market reference rate 157.03 and exchange rate charged 133.78
14.80
17.4117.41
593.6887.05
Total Average First Quarter
9.939.93
Total Average Fourth Quarter 2020
8.728.72
Total Average
Fee
185.0127.13
Exchange Rate Margin (%)
4.504.50
Total Cost Percent (%)
9.939.93
Total Cost (ZAR) Total Cost (USD)
338.6149.65
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