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: Nov 11, 2021-Nov 29, 2021
ZAR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (ZAR)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
-5.40
Percentage difference between market reference rate 51.39 and exchange rate charged 54.17
-5.40
-5.40-5.40
-73.98-10.80
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
0.000.00
-5.40
Percentage difference between market reference rate 51.39 and exchange rate charged 54.17
-5.40
-5.40-5.40
-73.98-10.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.000.73
3.74
Percentage difference between market reference rate 50.53 and exchange rate charged 48.64
3.74
4.114.11
56.318.22
EcoCash Remit
Firm type: Mobile Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
23.633.45
2.85
Percentage difference between market reference rate 53.46 and exchange rate charged 51.94
2.85
4.584.58
62.759.16
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
17.252.52
4.60
Percentage difference between market reference rate 53.42 and exchange rate charged 50.96
4.60
5.865.86
80.2811.72
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
52.507.66
2.44
Percentage difference between market reference rate 53.71 and exchange rate charged 52.39
2.44
6.276.27
85.9012.54
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
52.507.66
2.44
Percentage difference between market reference rate 53.71 and exchange rate charged 52.39
2.44
6.276.27
85.9012.54
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
41.106.00
3.78
Percentage difference between market reference rate 50.55 and exchange rate charged 48.64
3.78
6.786.78
92.8913.56
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
66.009.64
3.81
Percentage difference between market reference rate 53.43 and exchange rate charged 51.39
3.81
8.638.63
118.2317.26
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
68.5010.00
3.87
Percentage difference between market reference rate 53.72 and exchange rate charged 51.64
3.87
8.878.87
121.5217.74
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
125.0018.25
-0.14
Percentage difference between market reference rate 51.87 and exchange rate charged 51.94
-0.14
8.988.98
123.0317.96
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
179.0026.13
0.45
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
0.45
13.5113.51
185.0927.02
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
179.0026.13
2.12
Percentage difference between market reference rate 0.07 and exchange rate charged 0.06
2.12
15.1815.18
207.9730.36
Standard Bank
Firm type: Bank
Payment instrument
Access point
Call Center, Bank branch
Sending network coverage
Medium
Receiving method
Medium
178.5726.07
3.86
Percentage difference between market reference rate 53.53 and exchange rate charged 51.46
3.86
16.8916.89
231.3933.78
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0040.88
6.97
Percentage difference between market reference rate 53.69 and exchange rate charged 49.95
6.97
27.4127.41
375.5254.82
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
5.88
Percentage difference between market reference rate 53.64 and exchange rate charged 50.48
5.88
27.4127.41
375.5254.82
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center, Bank branch
Sending network coverage
Medium
Receiving method
Medium
400.0058.39
5.90
Percentage difference between market reference rate 53.67 and exchange rate charged 50.51
5.90
35.1035.10
480.8770.20
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
410.0059.85
7.06
Percentage difference between market reference rate 53.54 and exchange rate charged 49.76
7.06
36.9836.98
506.6373.96
Total Average Fourth Quarter 2021
12.3412.34
Total Average Third Quarter 2021
14.7914.79
Total Average
Fee
131.8419.25
Exchange Rate Margin (%)
2.712.71
Total Cost Percent (%)
12.3412.34
Total Cost (ZAR) Total Cost (USD)
168.9924.67
Non-Transparent records
Bank account transfer Credit Card Debit card 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
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
0.000.00
-5.40
Percentage difference between market reference rate 51.39 and exchange rate charged 54.17
-5.40
-5.40-5.40
-184.14-27.00
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
0.000.00
-5.40
Percentage difference between market reference rate 51.39 and exchange rate charged 54.17
-5.40
-5.40-5.40
-184.14-27.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.000.73
3.74
Percentage difference between market reference rate 50.53 and exchange rate charged 48.64
3.74
3.893.89
132.6519.45
EcoCash Remit
Firm type: Mobile Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
High
58.828.62
2.85
Percentage difference between market reference rate 53.46 and exchange rate charged 51.94
2.85
4.584.58
156.1822.90
Sikhona Money Transfers
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
17.252.53
4.61
Percentage difference between market reference rate 53.42 and exchange rate charged 50.96
4.61
5.115.11
174.2525.55
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
119.2417.48
2.44
Percentage difference between market reference rate 53.71 and exchange rate charged 52.39
2.44
5.945.94
202.5529.70
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
119.2417.48
2.44
Percentage difference between market reference rate 53.71 and exchange rate charged 52.39
2.44
5.945.94
202.5529.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
102.3015.00
3.78
Percentage difference between market reference rate 50.55 and exchange rate charged 48.64
3.78
6.786.78
231.2033.90
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
179.0026.25
2.12
Percentage difference between market reference rate 0.07 and exchange rate charged 0.06
2.12
7.367.36
250.9836.80
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
163.0023.90
3.81
Percentage difference between market reference rate 53.43 and exchange rate charged 51.39
3.81
8.598.59
292.9242.95
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
287.0042.08
0.45
Percentage difference between market reference rate 0.06 and exchange rate charged 0.06
0.45
8.868.86
302.1344.30
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
170.5025.00
3.87
Percentage difference between market reference rate 53.72 and exchange rate charged 51.64
3.87
8.878.87
302.4744.35
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
310.0045.45
-0.14
Percentage difference between market reference rate 51.87 and exchange rate charged 51.94
-0.14
8.958.95
305.2044.75
Standard Bank
Firm type: Bank
Payment instrument
Access point
Call Center, Bank branch
Sending network coverage
Medium
Receiving method
Medium
178.5726.18
3.86
Percentage difference between market reference rate 53.53 and exchange rate charged 51.46
3.86
9.109.10
310.3145.50
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
5.88
Percentage difference between market reference rate 53.64 and exchange rate charged 50.48
5.88
14.5314.53
495.4772.65
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
280.0041.06
6.97
Percentage difference between market reference rate 53.69 and exchange rate charged 49.95
6.97
15.1815.18
517.6475.90
First National Bank of South Africa
Firm type: Money Transfer Operator
Payment instrument
Access point
Call Center, Bank branch
Sending network coverage
Medium
Receiving method
Medium
400.0058.65
5.90
Percentage difference between market reference rate 53.67 and exchange rate charged 50.51
5.90
17.6317.63
601.1888.15
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
410.0060.12
7.06
Percentage difference between market reference rate 53.54 and exchange rate charged 49.76
7.06
19.0819.08
650.6395.40
Total Average Fourth Quarter 2021
7.767.76
Total Average Third Quarter 2021
9.839.83
Total Average
Fee
171.9425.21
Exchange Rate Margin (%)
2.712.71
Total Cost Percent (%)
7.767.76
Total Cost (ZAR) Total Cost (USD)
264.4538.78
Non-Transparent records
Bank account transfer Credit Card Debit card Cash
Less than one hour Next day 2 days 3-5 days
Bank account Cash Mobile wallet