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: Sep 17, 2019
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
27.404.00
0.52
Percentage difference between market reference rate 49.47 and exchange rate charged 49.21
0.52
2.522.52
34.525.04
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
47.957.00
1.23
Percentage difference between market reference rate 49.47 and exchange rate charged 48.86
1.23
4.734.73
64.809.46
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
47.957.00
1.23
Percentage difference between market reference rate 49.47 and exchange rate charged 48.86
1.23
4.734.73
64.809.46
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
47.957.00
1.23
Percentage difference between market reference rate 49.47 and exchange rate charged 48.86
1.23
4.734.73
64.809.46
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
Medium
66.009.64
3.51
Percentage difference between market reference rate 49.47 and exchange rate charged 47.73
3.51
8.338.33
114.1216.66
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
137.0020.00
-0.27
Percentage difference between market reference rate 49.47 and exchange rate charged 49.60
-0.27
9.739.73
133.3019.46
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
Medium
Receiving method
Medium
137.0020.00
-0.04
Percentage difference between market reference rate 49.47 and exchange rate charged 49.49
-0.04
9.969.96
136.4519.92
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
137.0020.00
-0.04
Percentage difference between market reference rate 49.47 and exchange rate charged 49.49
-0.04
9.969.96
136.4519.92
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
199.0429.06
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.63
18.1618.16
248.7936.32
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
214.3531.29
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.63
19.2819.28
264.1438.56
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
250.0036.50
1.28
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.28
19.5319.53
267.5639.06
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
290.2442.37
1.28
Percentage difference between market reference rate 49.47 and exchange rate charged 48.83
1.28
22.4722.47
307.8444.94
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
307.9644.96
3.48
Percentage difference between market reference rate 49.47 and exchange rate charged 47.74
3.48
25.9625.96
355.6551.92
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
350.0051.09
1.28
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.28
26.8326.83
367.5753.66
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
285.0041.61
9.26
Percentage difference between market reference rate 49.47 and exchange rate charged 44.89
9.26
30.0630.06
411.8260.12
Total Average Third Quarter
14.4714.47
Total Average Second Quarter
15.2415.24
Total Average
Fee
169.6624.77
Exchange Rate Margin (%)
2.082.08
Total Cost Percent (%)
14.4714.47
Total Cost (ZAR) Total Cost (USD)
198.1728.93
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
1.23
Percentage difference between market reference rate 49.47 and exchange rate charged 48.86
1.23
4.734.73
161.2923.65
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
119.3517.50
1.23
Percentage difference between market reference rate 49.47 and exchange rate charged 48.86
1.23
4.734.73
161.2923.65
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
119.3517.50
1.23
Percentage difference between market reference rate 49.47 and exchange rate charged 48.86
1.23
4.734.73
161.2923.65
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
Medium
66.009.68
3.51
Percentage difference between market reference rate 49.47 and exchange rate charged 47.73
3.51
5.455.45
185.8527.25
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
137.0020.09
-0.27
Percentage difference between market reference rate 49.47 and exchange rate charged 49.60
-0.27
3.753.75
127.8818.75
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center, Internet
Sending network coverage
Medium
Receiving method
Medium
341.0050.00
-0.04
Percentage difference between market reference rate 49.47 and exchange rate charged 49.49
-0.04
9.969.96
339.6449.80
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
341.0050.00
-0.04
Percentage difference between market reference rate 49.47 and exchange rate charged 49.49
-0.04
9.969.96
339.6449.80
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
367.4653.88
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.63
14.4114.41
491.3872.05
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
382.7756.12
3.63
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.63
14.8614.86
506.7374.30
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
250.0036.66
1.28
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.28
8.628.62
293.9443.10
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
290.2442.56
1.28
Percentage difference between market reference rate 49.47 and exchange rate charged 48.83
1.28
9.799.79
333.8448.95
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
307.9645.16
3.48
Percentage difference between market reference rate 49.47 and exchange rate charged 47.74
3.48
12.5112.51
426.5962.55
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
350.0051.32
1.28
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
1.28
11.5511.55
393.8657.75
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
285.0041.79
9.26
Percentage difference between market reference rate 49.47 and exchange rate charged 44.89
9.26
17.6217.62
600.8488.10
Total Average Third Quarter
9.489.48
Total Average Second Quarter
9.569.56
Total Average
Fee
248.3236.41
Exchange Rate Margin (%)
2.192.19
Total Cost Percent (%)
9.489.48
Total Cost (ZAR) Total Cost (USD)
323.1547.38
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