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: May 13, 2020
ZAR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
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
3.46
Percentage difference between market reference rate 125.04 and exchange rate charged 120.71
3.46
8.288.28
113.4416.56
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
185.2027.04
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.38
15.8915.89
217.6931.78
SFX
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
28.504.16
4.44
Percentage difference between market reference rate 125.04 and exchange rate charged 119.49
4.44
6.526.52
89.3213.04
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
184.6026.95
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.35
13.8213.82
189.3327.64
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
68.5010.00
2.02
Percentage difference between market reference rate 125.04 and exchange rate charged 122.51
2.02
7.027.02
96.1714.04
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
68.5010.00
2.02
Percentage difference between market reference rate 125.04 and exchange rate charged 122.51
2.02
7.027.02
96.1714.04
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
370.0054.01
1.30
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.30
28.3128.31
387.8556.62
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
260.0037.96
1.30
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.30
20.2820.28
277.8440.56
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
1.30
Percentage difference between market reference rate 125.04 and exchange rate charged 123.41
1.30
5.145.14
70.4210.28
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
High
68.5010.00
3.99
Percentage difference between market reference rate 125.04 and exchange rate charged 120.05
3.99
8.998.99
123.1617.98
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
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
370.0054.25
1.30
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.30
12.1512.15
414.3260.75
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
260.0038.12
1.30
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
1.30
8.938.93
304.5144.65
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
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
Agent
High
170.5025.00
3.99
Percentage difference between market reference rate 125.04 and exchange rate charged 120.05
3.99
8.998.99
306.5644.95
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
High
89.0013.05
3.46
Percentage difference between market reference rate 125.04 and exchange rate charged 120.71
3.46
6.076.07
206.9930.35
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
240.7635.30
2.38
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
2.38
9.449.44
321.9047.20
SFX
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
28.504.18
4.44
Percentage difference between market reference rate 125.04 and exchange rate charged 119.49
4.44
5.275.27
179.7126.35
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
221.5232.48
0.35
Percentage difference between market reference rate 0.05 and exchange rate charged 0.05
0.35
6.856.85
233.5934.25
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
170.5025.00
2.02
Percentage difference between market reference rate 125.04 and exchange rate charged 122.51
2.02
7.027.02
239.3835.10
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
170.5025.00
2.02
Percentage difference between market reference rate 125.04 and exchange rate charged 122.51
2.02
7.027.02
239.3835.10
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