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: Oct 29, 2019
ZAR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
211.8130.92
3.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.65
19.1119.11
261.8138.22
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
350.0051.09
8.69
Percentage difference between market reference rate 50.20 and exchange rate charged 45.84
8.69
34.2334.23
468.9568.46
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
47.957.00
1.70
Percentage difference between market reference rate 50.20 and exchange rate charged 49.35
1.70
5.205.20
71.2410.40
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
250.0036.50
8.69
Percentage difference between market reference rate 50.20 and exchange rate charged 45.84
8.69
26.9426.94
369.0853.88
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
47.957.00
1.70
Percentage difference between market reference rate 50.20 and exchange rate charged 49.35
1.70
5.205.20
71.2410.40
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
0.74
Percentage difference between market reference rate 50.20 and exchange rate charged 49.83
0.74
3.743.74
51.247.48
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
6.39
Percentage difference between market reference rate 50.20 and exchange rate charged 46.99
6.39
27.2027.20
372.6454.40
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
137.0020.00
-0.24
Percentage difference between market reference rate 50.20 and exchange rate charged 50.32
-0.24
9.769.76
133.7119.52
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
Medium
64.009.34
3.66
Percentage difference between market reference rate 50.20 and exchange rate charged 48.36
3.66
8.338.33
114.1216.66
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
197.1928.79
3.90
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.90
18.2918.29
250.5736.58
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
137.0020.00
-0.30
Percentage difference between market reference rate 50.20 and exchange rate charged 50.35
-0.30
9.709.70
132.8919.40
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
290.2442.37
5.30
Percentage difference between market reference rate 0.07 and exchange rate charged 0.06
5.30
26.4926.49
362.9152.98
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
307.9644.96
4.39
Percentage difference between market reference rate 50.20 and exchange rate charged 48.00
4.39
26.8726.87
368.1253.74
Total Average Fourth Quarter 2019
17.0017.00
Total Average Third Quarter 2019
14.4714.47
Total Average
Fee
182.0926.58
Exchange Rate Margin (%)
3.713.71
Total Cost Percent (%)
17.0017.00
Total Cost (ZAR) Total Cost (USD)
232.9634.01
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
ABSA
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
350.0051.32
8.69
Percentage difference between market reference rate 50.20 and exchange rate charged 45.84
8.69
18.9518.95
646.2094.75
ABSA
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
250.0036.66
8.69
Percentage difference between market reference rate 50.20 and exchange rate charged 45.84
8.69
16.0216.02
546.2880.10
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
6.39
Percentage difference between market reference rate 50.20 and exchange rate charged 46.99
6.39
14.7514.75
502.9873.75
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Call Center
Sending network coverage
High
Receiving method
Agent
High
378.2355.46
3.65
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.65
14.7414.74
502.6373.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
364.0453.38
3.90
Percentage difference between market reference rate 0.07 and exchange rate charged 0.07
3.90
14.5814.58
497.1872.90
Nedbank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
290.2442.56
5.30
Percentage difference between market reference rate 0.07 and exchange rate charged 0.06
5.30
13.8213.82
471.2669.10
Standard Bank
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
307.9645.16
4.39
Percentage difference between market reference rate 50.20 and exchange rate charged 48.00
4.39
13.4213.42
457.6267.10
Mukuru
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
341.0050.00
-0.30
Percentage difference between market reference rate 50.20 and exchange rate charged 50.35
-0.30
9.709.70
330.7748.50
Mama Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet, Mobile phone
Sending network coverage
High
Receiving method
Medium
64.009.38
3.66
Percentage difference between market reference rate 50.20 and exchange rate charged 48.36
3.66
5.545.54
188.9127.70
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
119.3517.50
1.70
Percentage difference between market reference rate 50.20 and exchange rate charged 49.35
1.70
5.205.20
177.3226.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
Medium
119.3517.50
1.70
Percentage difference between market reference rate 50.20 and exchange rate charged 49.35
1.70
5.205.20
177.3226.00
Hello-Paisa
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
137.0020.09
-0.24
Percentage difference between market reference rate 50.20 and exchange rate charged 50.32
-0.24
3.783.78
128.9018.90
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
Total Average Fourth Quarter 2019
11.3111.31
Total Average Third Quarter 2019
9.489.48
Total Average
Fee
250.5136.73
Exchange Rate Margin (%)
3.963.96
Total Cost Percent (%)
11.3111.31
Total Cost (ZAR) Total Cost (USD)
385.6156.54
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