Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From ZASouth Africa you can also send money to

Sending money from SOUTH AFRICA to MALAWI

Data collected on: Jul 29, 2020-Jul 30, 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
41.106.00
1.19
Percentage difference between market reference rate 44.82 and exchange rate charged 44.29
1.19
4.194.19
57.408.38
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
47.957.00
1.79
Percentage difference between market reference rate 44.57 and exchange rate charged 43.77
1.79
5.295.29
72.4710.58
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
47.957.00
1.79
Percentage difference between market reference rate 44.57 and exchange rate charged 43.77
1.79
5.295.29
72.4710.58
EcoCash Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
High
20.553.00
4.28
Percentage difference between market reference rate 43.53 and exchange rate charged 41.67
4.28
5.785.78
79.1911.56
SFX
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
28.754.20
4.60
Percentage difference between market reference rate 44.57 and exchange rate charged 42.52
4.60
6.706.70
91.7913.40
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Medium
66.009.64
2.08
Percentage difference between market reference rate 44.57 and exchange rate charged 43.64
2.08
6.896.89
94.3913.78
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
124.0018.10
0.00
Percentage difference between market reference rate 44.70 and exchange rate charged 44.70
0.00
9.059.05
123.9918.10
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
137.0020.00
-0.74
Percentage difference between market reference rate 44.57 and exchange rate charged 44.89
-0.74
9.269.26
126.8618.52
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
118.7117.33
1.21
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
1.21
9.879.87
135.2219.74
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
167.3424.43
1.30
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
1.30
13.5213.52
185.2227.04
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
304.0144.38
2.62
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
2.62
24.8124.81
339.9049.62
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
307.9644.96
3.71
Percentage difference between market reference rate 44.57 and exchange rate charged 42.91
3.71
26.1926.19
358.8052.38
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
260.0037.96
10.16
Percentage difference between market reference rate 44.57 and exchange rate charged 40.04
10.16
29.1429.14
399.2258.28
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
295.0043.07
9.04
Percentage difference between market reference rate 44.57 and exchange rate charged 40.54
9.04
30.5730.57
418.8161.14
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
375.0054.74
9.04
Percentage difference between market reference rate 44.57 and exchange rate charged 40.54
9.04
36.4136.41
498.8272.82
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
370.0054.01
10.16
Percentage difference between market reference rate 44.57 and exchange rate charged 40.04
10.16
37.1737.17
509.2374.34
Total Average Third Quarter
16.2616.26
Total Average Second Quarter
15.3815.38
Total Average
Fee
169.4624.74
Exchange Rate Margin (%)
3.893.89
Total Cost Percent (%)
16.2616.26
Total Cost (ZAR) Total Cost (USD)
222.7432.52
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day 2 days 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
119.3517.50
1.79
Percentage difference between market reference rate 44.57 and exchange rate charged 43.77
1.79
5.295.29
180.3926.45
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
119.3517.50
1.79
Percentage difference between market reference rate 44.57 and exchange rate charged 43.77
1.79
5.295.29
180.3926.45
SFX
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
28.754.22
4.60
Percentage difference between market reference rate 44.57 and exchange rate charged 42.52
4.60
5.445.44
185.5027.20
EcoCash Remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
Medium
Receiving method
High
51.157.50
4.28
Percentage difference between market reference rate 43.53 and exchange rate charged 41.67
4.28
5.785.78
197.1028.90
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Medium
163.0023.90
2.08
Percentage difference between market reference rate 44.57 and exchange rate charged 43.64
2.08
6.866.86
233.9334.30
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
217.5431.90
1.30
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
1.30
7.687.68
261.8938.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
231.1333.89
1.21
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
1.21
7.997.99
272.4639.95
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
341.0050.00
-1.02
Percentage difference between market reference rate 44.70 and exchange rate charged 45.16
-1.02
8.988.98
306.2244.90
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
341.0050.00
-0.74
Percentage difference between market reference rate 44.57 and exchange rate charged 44.89
-0.74
9.269.26
315.7746.30
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
304.0144.58
2.62
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
2.62
11.5411.54
393.5157.70
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
307.9645.16
3.71
Percentage difference between market reference rate 44.57 and exchange rate charged 42.91
3.71
12.7412.74
434.4363.70
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
295.0043.26
9.04
Percentage difference between market reference rate 44.57 and exchange rate charged 40.54
9.04
17.6917.69
603.2388.45
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
260.0038.12
10.16
Percentage difference between market reference rate 44.57 and exchange rate charged 40.04
10.16
17.7917.79
606.6488.95
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
375.0054.99
9.04
Percentage difference between market reference rate 44.57 and exchange rate charged 40.54
9.04
20.0420.04
683.36100.20
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
370.0054.25
10.16
Percentage difference between market reference rate 44.57 and exchange rate charged 40.04
10.16
21.0121.01
716.44105.05
Total Average Third Quarter
10.8910.89
Total Average Second Quarter
10.1710.17
Total Average
Fee
234.9534.45
Exchange Rate Margin (%)
4.004.00
Total Cost Percent (%)
10.8910.89
Total Cost (ZAR) Total Cost (USD)
371.4254.46
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Same day 2 days 3-5 days
Bank account Cash Mobile wallet