Remittance Prices Worldwide

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Transfer money

Sending money from SOUTH AFRICA to TANZANIA

Data collected on: May 13, 2020
ZAR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coveragesort descending
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)Total cost (USD)
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coveragesort descending
Medium
Fee
52.617.68
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 125.04 and exchange rate charged 123.411.30
Total cost (%)
5.145.14
Total cost (ZAR)Total cost (USD)
70.4210.28
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
68.5010.00
Exchange rate margin (%)
3.99
Percentage difference between market reference rate 125.04 and exchange rate charged 120.053.99
Total cost (%)
8.998.99
Total cost (ZAR)Total cost (USD)
123.1617.98
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
66.009.64
Exchange rate margin (%)
3.46
Percentage difference between market reference rate 125.04 and exchange rate charged 120.713.46
Total cost (%)
8.288.28
Total cost (ZAR)Total cost (USD)
113.4416.56
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
185.2027.04
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.38
Total cost (%)
15.8915.89
Total cost (ZAR)Total cost (USD)
217.6931.78
Firm
SFX
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
Medium
Fee
28.504.16
Exchange rate margin (%)
4.44
Percentage difference between market reference rate 125.04 and exchange rate charged 119.494.44
Total cost (%)
6.526.52
Total cost (ZAR)Total cost (USD)
89.3213.04
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
184.6026.95
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.35
Total cost (%)
13.8213.82
Total cost (ZAR)Total cost (USD)
189.3327.64
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
68.5010.00
Exchange rate margin (%)
2.02
Percentage difference between market reference rate 125.04 and exchange rate charged 122.512.02
Total cost (%)
7.027.02
Total cost (ZAR)Total cost (USD)
96.1714.04
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
Medium
Fee
68.5010.00
Exchange rate margin (%)
2.02
Percentage difference between market reference rate 125.04 and exchange rate charged 122.512.02
Total cost (%)
7.027.02
Total cost (ZAR)Total cost (USD)
96.1714.04
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coveragesort descending
Medium
Fee
370.0054.01
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.30
Total cost (%)
28.3128.31
Total cost (ZAR)Total cost (USD)
387.8556.62
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coveragesort descending
Medium
Fee
260.0037.96
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.30
Total cost (%)
20.2820.28
Total cost (ZAR)Total cost (USD)
277.8440.56
Total Average Second Quarter
12.1312.13
Total Average First Quarter
13.3313.33
Total Average
Fee
135.2419.74
Exchange Rate Margin (%)
2.262.26
Total Cost Percent (%)
12.1312.13
Total Cost (ZAR) Total Cost (USD)
166.1424.25
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
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coveragesort descending
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (ZAR)Total cost (USD)
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
221.5232.48
Exchange rate margin (%)
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.050.35
Total cost (%)
6.856.85
Total cost (ZAR)Total cost (USD)
233.5934.25
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
170.5025.00
Exchange rate margin (%)
2.02
Percentage difference between market reference rate 125.04 and exchange rate charged 122.512.02
Total cost (%)
7.027.02
Total cost (ZAR)Total cost (USD)
239.3835.10
Firm
WorldRemit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
Medium
Fee
170.5025.00
Exchange rate margin (%)
2.02
Percentage difference between market reference rate 125.04 and exchange rate charged 122.512.02
Total cost (%)
7.027.02
Total cost (ZAR)Total cost (USD)
239.3835.10
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coveragesort descending
Medium
Fee
370.0054.25
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.30
Total cost (%)
12.1512.15
Total cost (ZAR)Total cost (USD)
414.3260.75
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coveragesort descending
Medium
Fee
260.0038.12
Exchange rate margin (%)
1.30
Percentage difference between market reference rate 0.05 and exchange rate charged 0.051.30
Total cost (%)
8.938.93
Total cost (ZAR)Total cost (USD)
304.5144.65
Firm
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Transfer speed
Receiving method
Bank branch
Disbursing network coveragesort descending
Medium
Fee
N/AN/A
Exchange rate margin (%)
N/A
not availableN/A
Total cost (%)
N/AN/A
Total cost (ZAR)Total cost (USD)
N/AN/A
Firm
Hello-Paisa
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
High
Fee
170.5025.00
Exchange rate margin (%)
3.99
Percentage difference between market reference rate 125.04 and exchange rate charged 120.053.99
Total cost (%)
8.998.99
Total cost (ZAR)Total cost (USD)
306.5644.95
Firm
Mama Money
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
89.0013.05
Exchange rate margin (%)
3.46
Percentage difference between market reference rate 125.04 and exchange rate charged 120.713.46
Total cost (%)
6.076.07
Total cost (ZAR)Total cost (USD)
206.9930.35
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coveragesort descending
High
Fee
240.7635.30
Exchange rate margin (%)
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.052.38
Total cost (%)
9.449.44
Total cost (ZAR)Total cost (USD)
321.9047.20
Firm
SFX
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coveragesort descending
Medium
Fee
28.504.18
Exchange rate margin (%)
4.44
Percentage difference between market reference rate 125.04 and exchange rate charged 119.494.44
Total cost (%)
5.275.27
Total cost (ZAR)Total cost (USD)
179.7126.35
Total Average Second Quarter
7.977.97
Total Average First Quarter
9.509.50
Total Average
Fee
191.2528.04
Exchange Rate Margin (%)
2.362.36
Total Cost Percent (%)
7.977.97
Total Cost (ZAR) Total Cost (USD)
271.8239.86
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
Least Costly Corridors To Tanzania
Least Costly Corridors From South Africa
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