Remittance Prices Worldwide

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Transfer money

Sending money from SOUTH AFRICA to TANZANIA

Data collected on: Oct 29, 2019
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
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
350.0051.09
Exchange rate margin (%)
1.43
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.43
Total cost (%)
26.9826.98
Total cost (ZAR)Total cost (USD)
369.6353.96
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coveragesort descending
Medium
Fee
250.0036.50
Exchange rate margin (%)
1.43
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.43
Total cost (%)
19.6819.68
Total cost (ZAR)Total cost (USD)
269.6239.36
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
41.106.00
Exchange rate margin (%)
1.36
Percentage difference between market reference rate 157.88 and exchange rate charged 155.731.36
Total cost (%)
4.364.36
Total cost (ZAR)Total cost (USD)
59.738.72
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
100.0014.60
Exchange rate margin (%)
5.83
Percentage difference between market reference rate 157.88 and exchange rate charged 148.685.83
Total cost (%)
13.1213.12
Total cost (ZAR)Total cost (USD)
179.7426.24
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
197.1928.79
Exchange rate margin (%)
3.90
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.90
Total cost (%)
18.2918.29
Total cost (ZAR)Total cost (USD)
250.5736.58
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
211.8130.92
Exchange rate margin (%)
3.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.65
Total cost (%)
19.1119.11
Total cost (ZAR)Total cost (USD)
261.8138.22
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 (%)
2.01
Percentage difference between market reference rate 157.88 and exchange rate charged 154.712.01
Total cost (%)
7.017.01
Total cost (ZAR)Total cost (USD)
96.0414.02
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 (%)
2.01
Percentage difference between market reference rate 157.88 and exchange rate charged 154.712.01
Total cost (%)
7.017.01
Total cost (ZAR)Total cost (USD)
96.0414.02
Total Average Fourth Quarter 2019
14.4514.45
Total Average Third Quarter 2019
13.3313.33
Total Average
Fee
160.8923.49
Exchange Rate Margin (%)
2.702.70
Total Cost Percent (%)
14.4514.45
Total Cost (ZAR) Total Cost (USD)
197.9028.89
Non-Transparent records
Bank account transfer Debit/credit card 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
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
350.0051.32
Exchange rate margin (%)
1.43
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.43
Total cost (%)
11.6911.69
Total cost (ZAR)Total cost (USD)
398.6358.45
Firm
ABSA
Firm type: Bank
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coveragesort descending
Medium
Fee
250.0036.66
Exchange rate margin (%)
1.43
Percentage difference between market reference rate 0.07 and exchange rate charged 0.071.43
Total cost (%)
8.768.76
Total cost (ZAR)Total cost (USD)
298.7243.80
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
100.0014.66
Exchange rate margin (%)
5.83
Percentage difference between market reference rate 157.88 and exchange rate charged 148.685.83
Total cost (%)
8.768.76
Total cost (ZAR)Total cost (USD)
298.7243.80
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
364.0453.38
Exchange rate margin (%)
3.90
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.90
Total cost (%)
14.5814.58
Total cost (ZAR)Total cost (USD)
497.1872.90
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
378.2355.46
Exchange rate margin (%)
3.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.073.65
Total cost (%)
14.7414.74
Total cost (ZAR)Total cost (USD)
502.6373.70
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 (%)
2.01
Percentage difference between market reference rate 157.88 and exchange rate charged 154.712.01
Total cost (%)
7.017.01
Total cost (ZAR)Total cost (USD)
239.0435.05
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 (%)
2.01
Percentage difference between market reference rate 157.88 and exchange rate charged 154.712.01
Total cost (%)
7.017.01
Total cost (ZAR)Total cost (USD)
239.0435.05
Total Average Fourth Quarter 2019
10.3610.36
Total Average Third Quarter 2019
9.789.78
Total Average
Fee
254.7537.35
Exchange Rate Margin (%)
2.892.89
Total Cost Percent (%)
10.3610.36
Total Cost (ZAR) Total Cost (USD)
353.4251.82
Non-Transparent records
Bank account transfer Debit/credit card 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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