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: Feb 15, 2018
ZAR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
exchange4free.com
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Low
0.000.00
4.30
4.30
4.304.30
58.918.60
Mama Money
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
Medium
25.003.65
3.60
3.60
5.435.43
74.3910.86
Hello-Paisa
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
95.8413.99
1.46
1.46
8.468.46
115.9016.92
Mukuru
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
137.0020.00
2.80
2.80
12.8012.80
175.3625.60
Mukuru
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
Low
Receiving method
Low
137.0020.00
2.80
2.80
12.8012.80
175.3625.60
Western Union
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
High
169.5424.75
3.66
3.66
16.0416.04
219.7532.08
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
181.5026.50
3.58
3.58
16.8316.83
230.5733.66
ABSA
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Low
225.0032.85
4.71
4.71
21.1421.14
289.6242.28
Nedbank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Low
281.0041.02
2.36
2.36
22.8722.87
313.3245.74
First National Bank of South Africa
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Low
280.0040.88
4.10
4.10
24.5424.54
336.2049.08
Standard Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Low
288.0042.04
4.18
4.18
25.2025.20
345.2450.40
ABSA
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Low
330.0048.18
4.71
4.71
28.8028.80
394.5657.60
Total Average First Quarter
16.6016.60
Total Average Fourth Quarter 2017
15.6615.66
Total Average
Fee
179.1626.15
Exchange Rate Margin (%)
3.523.52
Total Cost Percent (%)
16.6016.60
Total Cost (ZAR) Total Cost (USD)
227.4333.20
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
exchange4free.com
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Low
0.000.00
4.30
4.30
4.304.30
146.6321.50
Mama Money
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
Medium
33.774.95
3.60
3.60
4.594.59
156.5222.95
Hello-Paisa
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
238.7035.00
1.46
1.46
8.468.46
288.4942.30
Nedbank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Low
281.0041.20
2.36
2.36
10.6010.60
361.4653.00
ABSA
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Low
225.0032.99
4.71
4.71
11.3111.31
385.6756.55
MoneyGram
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
290.4042.58
3.58
3.58
12.1012.10
412.6160.50
First National Bank of South Africa
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Low
280.0041.06
4.10
4.10
12.3112.31
419.7761.55
Western Union
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
High
302.7544.39
3.66
3.66
12.5412.54
427.6162.70
Standard Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Low
288.0042.23
4.18
4.18
12.6212.62
430.3463.10
Mukuru
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
341.0050.00
2.80
2.80
12.8012.80
436.4864.00
Mukuru
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
Low
Receiving method
Low
341.0050.00
2.80
2.80
12.8012.80
436.4864.00
ABSA
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Low
330.0048.39
4.71
4.71
14.3914.39
490.7071.95
Total Average First Quarter
10.7410.74
Total Average Fourth Quarter 2017
10.0410.04
Total Average
Fee
245.9736.07
Exchange Rate Margin (%)
3.523.52
Total Cost Percent (%)
10.7410.74
Total Cost (ZAR) Total Cost (USD)
366.0653.67
Non-Transparent records
Bank account transfer Debit/credit card Mobile money Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet